The single-tenant property with six above-ground floors was built in 1978 and extensively renovated in 2020. The structure, situated on a 3,700 sq.m. parcel, offers total rental space of some 9,400 sq.m. along with 43 outdoor and 20 garage parking spaces. The property’s current lease has a remaining term of 14 years plus an extension option. Thanks to its location in the southern part of central Karlsruhe, the property enjoys excellent infrastructure connections. The immediate vicinity offers restaurants and green spaces, as well as convenient access to the nearby commuter rail (S-Bahn) station “Philipp-Reis-Strasse”.

As an alternative investment fund for institutional clients, KINGSTONE Wachstumsregionen Süddeutschland invests primarily in core office and commercial properties in carefully selected growth regions throughout southern Germany. Since its original launch in the summer of 2019, the fund has invested almost all of its capital.

“With this transaction, we are aiming to further optimise the fund’s risk profile,” explains Dr. Tim Schomberg, Managing Partner and Chief Executive Officer of KINGSTONE Real Estate.

“The long-term lease with a prime government tenant generates reliable income for our investors. The very good structural quality of the building also underscores the long-term orientation of our investment decision.”

“With this transaction, we are securing a high-quality property for our investors in central Karlsruhe,” adds Philip Greilich, Head of Transactions Commercial Germany at KINGSTONE Investment Management. “In addition to the excellent road and public transportation links, the tenant also benefits from the direct proximity to the attractive green spaces of the adjacent Citypark. The renovation of the property and the surrounding development activities will also serve to continue the expansion of the modern cityscape around Citypark towards Karlruhe’s city centre.”