KINGSTONE RE will act as the exclusive advisor for Iroko’s expansion in Poland 

KINGSTONE Real Estate has entered into a cooperation with French asset manager Iroko. The goal: KINGSTONE RE will identify assets with strong cash flow in good locations in Poland’s major and regional cities for Iroko Atlas, one of Iroko’s SCPIs. KINGSTONE RE will provide deal sourcing and transaction advisory services within the scope of the cooperation.

Targeted types of use include office, retail, logistics, hotels and light industrial. Asset volume is expected to range between €2 million and €20 million. Iroko plans to hold the assets long term while actively managing them to increase their value.

The first asset of this new cooperation has already been acquired. The “Nowa Kamienica” office asset in Krakow is the first investment within the scope of the cooperation. The asset was completed in 2004 and is located on Rakowicka, close to Krakow’s main railway station and Old Town. The asset is fully let to an attractive tenant mix and was sold by real estate investment and advisory firm Martley Capital.

Philipp Schomberg, Co-Founder and CEO of KINGSTONE RE, comments, “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 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. We have the skillset to support investors in implementing such strategies and generating superior returns.”