Instone Real Estate

Instone Real Estate is one of the leading residential developers in Germany, with a pipeline of projects worth an estimated €3.0 billion and 270 employees in 8 branches.

Instone Real Estate is the result of combining formart and GRK, which Fund III had acquired in 2014 and 2015 respectively. The company’s capabilities encompass new-build projects and expertise in refurbishing landmark or heritage-protected buildings, delivering about 1,000 units a year to the market.


Fund III’s investment aims to give Instone Real Estate a national footprint, economies of scale and to more than double its secured project pipeline, notably in Germany’s metropolitan regions.


Corporate acquisitions are an unconventional way to give Fund III exposure to Germany’s highly attractive residential market. This reflects ASG’s imaginative approach to creating value for its investors through real estate-related investments.


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