Kingstone Real Estate partners with Iroko to grow in Poland

Kingstone Real Estate has partnered with French asset manager Iroko as its exclusive advisor for its expansion into the Polish market.

Nowa Kamienica - © Martley Capital

Kingstone RE will focus on identifying properties with strong cash flow in prime locations within Poland's major and regional cities for Iroko Atlas, one of Iroko's SCPIs (Société Civile de Placement Immobilier). Their services will include deal sourcing and transaction advisory.

The partnership will target various asset types, including office, retail, logistics, hotels, and light industrial properties, with individual asset values expected to range from €2 mln to €20 mln. Iroko intends to hold these assets for the long term and actively manage them to enhance their value.

The first acquisition under this new collaboration has already been completed: the "Nowa Kamienica" office building in Krakow. This asset, built in 2004, is situated on Rakowicka Street, near Krakow's main railway station and the Old Town. It is fully leased to a diverse group of tenants and was sold by Martley Capital.

Philipp Schomberg, co-founder and CEO Poland at Kingstone RE, commented: “Our expertise, excellent network and strong local presence in Poland make us the ideal partner for international investors entering the Polish market. We believe Poland offers an attractive market entry point for strong cash-flow-producing assets, not only in major cities but also in regional cities. As one of Europe’s most dynamic economies, Poland continues to demonstrate strong growth and resilience.”