KGAL Investment Management has made the first two acquisitions for Debeka’s newly launched real asset portfolio, buying the Erfurt Justice Centre in Thuringia and the Loop wind farm in Schleswig-Holstein. The portfolio has a target size of up to €400 million and is focused on social infrastructure and sustainable energy assets with long-term, predictable cash flows.

The key signal is clear: investors are pairing defensive social real estate with contracted renewable infrastructure to build portfolios around stable income, ESG alignment, and low-volatility returns. Rather than chasing development risk, KGAL and Debeka are starting with assets that already offer clear revenue visibility.

The Erfurt Justice Centre provides 19,426 square metres of rental space and is leased to the Free State of Thuringia for another 16 years. That makes it a classic public-sector income asset, backed by a critical government tenant in an established administrative location.

The second acquisition adds renewable generation to the mix. The Loop wind farm includes five turbines with total installed capacity of 28.5 MW and is expected to begin operations in Q3 2026. It will generate around 69,200 MWh of green electricity annually and benefits from a 20-year EEG feed-in tariff, giving the fund highly visible revenue.

For Debeka, the strategy combines return stability, climate alignment, and exposure to Europe’s growing need for energy and social infrastructure.

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