Thursday, 9 April 2026
KINGSTONE Real Estate has acquired a newly built residential property in Frankfurt am Main for its open-ended special fund focused on affordable housing in Germany.
The asset comprises 96 residential units, all of which are subject to subsidy arrangements, along with a daycare facility. The property also includes four smaller commercial units, split between retail and office use. The building was completed in 2025 and is already almost fully let.
Located on Kleyerstrasse in the Gallus district, the property forms part of the wider Kleyers development delivered by Swiss Life Asset Managers. The broader scheme includes multiple buildings and several hundred residential units, contributing to the ongoing redevelopment of the area.
The investment has been supported by public financing mechanisms, including loans and grants provided by the City of Frankfurt and the regional development bank WI-Bank. Such funding structures are commonly used in Germany to support the delivery of subsidised housing.
This transaction represents the fourth acquisition for KINGSTONE RE’s affordable housing fund, following earlier investments in Mannheim, Fürth and Weil am Rhein. The company indicated that additional acquisitions are under consideration, alongside plans to expand its activity in the sector.
Colliers advised on the transaction, while legal and tax support was provided by Heussen Rechtsanwaltsgesellschaft. Technical and environmental assessments were carried out by Case Real Estate and Arcadis Germany, with iib Consult responsible for market analysis.
