KGAL GmbH & Co. KG was founded in Hamburg in 1968. In 50 years, the company has grown constantly. Originally a successful real estate leasing company, it went on to become one of the leading independent investment and asset managers for real capital investments in Europe.
KGAL founded as a joint venture between the Neue Sparcasse von 1864 (now Hamburger Sparkasse), and entrepreneur Karl Kreusel.
KGAL becomes a leading real estate leasing company with final integration of Karl Kreusel & Co. Vermögensverwaltung into KGAL.
KGAL is involved in power plant leasing and in the operation of a gas pipeline.
A real estate fund model is the new addition to the portfolio, developed by KGAL.
KGAL designs the first German aircraft leasing fund.
Lufthansa and KGAL set up Lufthansa Leasing GmbH for finance leases.
KGAL acquires its first commercial real estate in the US.
Lufthansa and KGAL set up GOAL, German Operating Aircraft Leasing GmbH & Co. KG, for operating leases.
KGAL acquires its first commercial real estate in Austria.
KGAL acquires a wind turbine for the first time.
KGAL offers its first solar energy fund.
KGAL acquires its first commercial real estate in Great Britain.
ESPF 1 placed €230 million of equity within one year.
ESPF 2 has an equity of €500 million.
KGAL Investment Management GmbH & Co. KG, founded as a regulated capital management company, takes on the role of capital manager for new KGAL Group funds in the asset classes of real estate, infrastructure (energy) and aviation.
The newly established KGAL Capital GmbH & Co. KG is responsible for placement and consultancy work for professional investors.
KGAL Investment Management obtains its capital management company permit from the German Federal Financial Supervisory Authority (BaFin) and is therefore licensed as a capital management company in accordance with Section 20 German Capital Investment Code (KAGB; Kapitalanlagegesetzbuch).
KGAL UK Ltd. is established in London.
Largest single account in the real estate division for a German investor with €2 billion equity.
Over the past 50 years, KGAL has transformed itself to one of the leading independent investment and asset managers in Europe.
New regions and investment topics are the focus of the newly established KGAL New Frontiers GmbH.
The KGAL Group is developing an online platform and investment products for retail sales.