The residential real estate investor Vision Group has acquired a residential portfolio of 163 units in Dingolfing, Lower Bavaria, together with KKR, a leading global investor. This is the first transaction since the announcement of the strategic partnership between Vision and KKR. The newly acquired flats have a total lettable area of approximately 9,700 m².

The two- to four-bedroom flats have potential to increase in value through the creation of additional living space as well as digital solutions such as key management, communication systems and touchpoint displays to inform tenants about upcoming maintenance work.

f. l. t. r. Niclas Wallrafen (COO), Klaus Darmstädter (Investor), Prof. Henning Balck (Advisory Board), Felix Balck (CEO & Founder)

Niclas Wallrafen, COO and Partner of Vision Group, says: "Due to the proximity to the cities of Munich and Regensburg and the attractiveness of the Dingolfing location, we see substantial potential in the further development of the portfolio. With the acquisition, we have invested in Bavaria for the first time and thus strengthen our local presence and our growth strategy."

The residential portfolio in Dingolfing, Lower Bavaria, is located in the immediate vicinity of the Isar river and the Dingolfing reservoir. In addition, the flats are located in the catchment area of important business and production locations as well as the Dingolfing airfield. The town is about 100 km north-east of Munich and 80 km from Lake Chiemsee.

Last month, Vision Group and KKR announced a strategic partnership. Together, the parties plan to make suitable residential properties available to private investors, family offices or institutional investors as an investment opportunity in the future. Vision and KKR plan to acquire properties and optimise them through targeted investments in order to improve the quality of living for tenants and increase the energy efficiency of the buildings.

RITTERSHAUS Rechtsanwälte acted as legal advisor to the buyer, BNP Paribas Real Estate acted as transaction advisor to the seller.