Mannheim, Dingolfing, 11. March 2022 – Vision Group, a residential real estate investor has acquired a residential portfolio of 163 units in Dingolfing, Lower Bavaria, jointly with KKR, a leading global investment group. It marks the first transaction since Vision and KKR last month agreed on a new strategic partnership for residential property investments. The newly acquired apartments have a total leasable area of approximately 9,700 m2.
The two- to four-room apartments have the potential for value enhancement through creating additional living space and digital solutions, including digital key management, intercom systems and touchpoint displays to notify tenants of upcoming maintenance work.
Niclas Wallrafen, COO and Partner of Vision Group, said: "Due to the proximity of the apartments to Munich and Regensburg, as well as the attractiveness of Dingolfing, we see substantial potential in further developing the assets. As our first investment in Bavaria, we are widening our regional footprint and expanding our growth strategy."
The acquired residential portfolio in Dingolfing is located in the immediate vicinity of the Isar river and the Dingolfing reservoir. Moreover, the apartments are in close proximity to important regional economic hubs and manufacturing sites, with Dingolfing airport in immediate vicinity. The city is located about 100 km northeast of Munich and 80 km from Lake Chiemsee.
Last month, Vision Group and KKR announced the formation of a strategic partnership. Together, both parties plan to provide real estate units as investment opportunities to private investors, family offices and institutional investors. Vision and KKR plan to purchase residential properties and invest in them with the intention to enhance the quality of living for tenants through operational upgrades while also reducing their energy footprint.
RITTERSHAUS Rechtsanwälte acted as legal advisor to the buyer, BNP Paribas Real Estate acted as transaction advisor to the seller.
About Vision Group
Vision Group, headquartered in Mannheim, is a residential real estate investor and asset manager with a focus on the German market. The company is characterised by its digitalised full-service business model, which offers all services along the entire real estate value chain: from acquisition to refurbishment and modernisation to exit and tenant search. Target markets of the company are mid-sized cities in German metropolises and economic centres.
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