Kingstone is investing in Munich's future: Office buildings are modernized!
Kingstone is investing in Munich's future: Office buildings are modernized!
Nymphenburger Straße 70, 80636 München, Deutschland - Munich-Neuhausen has a new real estate player: Kingstone Real Estate recently acquired an office object on Nymphenburger Straße 70, which extends over around 3,000 square meters. This deal, which is moving in the double-digit million euro area, shows the trust of investors in the real estate landscape of the Bavarian capital. According to Real estate manager If the seller is a private investor, and the building, which was originally built in 1973, aims to increase its attractiveness through extensive energetic renovations.
The strategic orientation of Kingstone, which is based on a value add strategy, is particularly exciting. "We see great potential in this property," said Michael Sacher, Managing Partner of Kingstone Re opportunity, and thus underlined the importance of the planned ESG optimizations. Friedrich von Carlowitz, Managing Director of Kingstone Capital Advisory, also emphasized the growing interest of private wealth investors in sustainable office properties.sustainability in focus
In the course of the planned renovations, Kingstone will pay attention to modern energetic standards, among other things, which should also lead to an improvement in the energy efficiency of the property. An energetic real estate assessment will play a key role. The assessment takes into account factors such as building envelope, heating system and thermal insulation and at the same time identifies potential to improve energy efficiency. Such measures are essential to fulfill the "e" area of the ESG criteria, as the experts of Pfad-a
An important document in this process is the energy certificate that provides information about the energy consumption of a property. In Germany, a distinction is made between consumption and needs, the latter is often more meaningful because it works independently of user behavior. The various energy efficiency classes, from A+ to H, also influence the marketability and the value of the property.
city offers support
Funding can also be used for energy -related improvements. According to City of Munich , precise information on the renovations must be provided, including consolidation of several individual renovation timetables for complex buildings. The CO2 emissions that refer to different aspects of the renovations are particularly important here
Kingstone has already integrated the Munich Real Asset Project Development Real Estate Management as Service Developer for the upcoming renovation work. In addition, the Due Diligence was carried out by the Vesthaus and RSM Ebner proudly from Hamburg. This shows that the review and planning of the investment is well secured from both legal and strategic side.
The developments related to the newly acquired office object in Neuhausen highlight the dynamics on the Munich real estate market and show that sustainable approaches are becoming increasingly in demand. Kingstone has proven a good hand by putting potential on an object and at the same time taking into account the pressure of the ecological claims.
| Details | |
|---|---|
| Ort | Nymphenburger Straße 70, 80636 München, Deutschland |
| Quellen | |