Tuesday, 4 August 2026
KINGSTONE Real Estate has acquired a 78-unit residential development in Wuppertal on behalf of its KINGSTONE Bezahlbares Wohnen Deutschland fund, further expanding its portfolio of affordable housing investments in Germany.
The development, acquired from project developer TEAMRHEINRUHR, comprises two multifamily residential buildings offering approximately 6,100 sqm of residential space. In total, the scheme provides around 7,000 sqm of gross lettable area, including a daycare centre and a commercial unit intended for a café.
Of the 78 apartments, 52 units will be delivered as publicly subsidised affordable housing, while the remaining homes have been designed to meet the needs of senior residents. Construction began in July 2026.
The acquisition has been supported by public financing from NRW.BANK, including subsidised loans with partial debt forgiveness. The financial terms of the transaction were not disclosed.
Dr Tim Schomberg, CEO and Co-Founder of KINGSTONE Real Estate, said the development aligns closely with the investment strategy of the company’s affordable housing fund by combining subsidised residential accommodation with community infrastructure.
The project forms part of the wider Heubruch neighbourhood regeneration in Wuppertal’s Barmen district, a mixed-use residential development covering approximately 55,000 sqm. In addition to apartment buildings, the masterplan includes terraced and semi-detached housing together with landscaped communal spaces.
The buildings acquired by KINGSTONE will be constructed to the BEG 40 energy-efficiency standard and will incorporate rooftop photovoltaic systems, extensive green roofs and rainwater retention systems as part of their sustainability strategy.
Located within an established urban neighbourhood adjacent to the Wuppertal Nordbahntrasse, the development benefits from access to the city’s suspended railway, local bus services and a range of nearby retail and community amenities.
The transaction reflects continued investor interest in Germany’s affordable residential sector, where demographic trends, limited housing supply and public funding programmes continue to support demand for long-term rental housing. By increasing its exposure to subsidised housing, KINGSTONE Real Estate continues to expand a portfolio focused on delivering affordable homes while integrating social infrastructure and energy-efficient building standards.
HEUSSEN Rechtsanwaltsgesellschaft advised on legal and tax due diligence, while technical due diligence was undertaken by Case Real Estate GmbH. Environmental due diligence was provided by Arcadis Germany GmbH, and location analysis was completed by iib Consult GmbH.
