Instone Real Estate Group, a Germany-based real estate developer, acquired S&P Stadtbau, a real estate project developer active in the Northern Bavarian region, from Sontowski & Partner Group for $82m. Through the acquisition, Instone expands its platform to a strategically important region not previously covered and adds an experienced management team with first-class development expertise. Going forward, more than 20 employees based in Erlangen will be added to the Instone platform. The integration into the Instone Group is scheduled for the third quarter of 2019.