Vision Group, acting together with KKR, has purchased a residential portfolio comprising 163 units in Dingolfing, Lower Bavaria. The deal marks the first transaction for Vision and KKR joint venture. The newly acquired apartments have a total leasable area of approximately 9,700m². 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.
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 the immediate vicinity. The city is located about 100 km northeast of Munich and 80 km from Lake Chiemsee. The purchase price was not disclosed.
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."
