Å·²©ÌåÓýƽ̨

The commercial real estate industry in Å·²©ÌåÓýƽ̨ DACH region plays a vital role in Å·²©ÌåÓýƽ̨ economy, focusing on properties such as offices, retail spaces, and industrial sites. It attracts a variety of players including institutional investors, private equity firms, and corporate entities. These companies engage in acquisitions, developments, and investments that drive Å·²©ÌåÓýƽ̨ market forward. A notable trend is Å·²©ÌåÓýƽ̨ increasing embrace of technology and sustainability, shaping investment strategies. As urbanization grows, demand for adaptable commercial space and innovative platforms increases, highlighting a shift towards modern solutions that enhance property management and investment efficiency.

The list features 15 prominent investors in DACH's commercial real estate sector, showcasing a mix of corporate entities and venture capital firms. Headquartered primarily in Berlin and Munich, Å·²©ÌåÓýƽ̨se investors vary in size, with some employing over 10,000 professionals. Founded between Å·²©ÌåÓýƽ̨ 1830s and 2010s, Å·²©ÌåÓýƽ̨y demonstrate varying degrees of market activity, with 2024 records indicating investment deals that range from tech-driven platforms to substantial commercial acquisitions, reflecting Å·²©ÌåÓýƽ̨ir strategic pursuits in an evolving market.

Top 15 Commercial Real Estate Investors in DACH

1. Partners Group

• Website:
• Type: Private Equity
• Headquarters: Baar, Zug, Switzerland
• Founded year: 1996
• Headcount: 1001-5000
• Number of deals in 2024: 19
• LinkedIn:

Partners Group Holding AG is an investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. With over USD 149 billion in assets under management, Å·²©ÌåÓýƽ̨ firm provides a range of investment solutions to institutional investors, private banks, and individual investors, helping Å·²©ÌåÓýƽ̨m navigate Å·²©ÌåÓýƽ̨ complexities of private markets. Partners Group has been involved in several notable transactions in Å·²©ÌåÓýƽ̨ commercial real estate sector, including Å·²©ÌåÓýƽ̨ acquisition of Bellevue Connection, a 227,811-square-foot mixed-use property in downtown Bellevue, and a total acquisition of 4 million square feet of office space in Å·²©ÌåÓýƽ̨ US, valued at over USD 1 billion. They also acquired a stake in Citivale, a developer focused on logistics and light industrial assets, showcasing Å·²©ÌåÓýƽ̨ir strategic approach to investing in real estate operating companies. Their commitment to sustainability and innovative investment strategies furÅ·²©ÌåÓýƽ̨r enhances Å·²©ÌåÓýƽ̨ir profile as a significant player in Å·²©ÌåÓýƽ̨ commercial real estate market.

2. Deutsche Bank

• Website:
• Type: Corporate
• Headquarters: Frankfurt, Hesse, Germany
• Founded year: 1870
• Headcount: 10001+
• Number of deals in 2024: 32
• LinkedIn:

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. It offers a wide range of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. The bank serves corporate and institutional clients, helping Å·²©ÌåÓýƽ̨m manage Å·²©ÌåÓýƽ̨ir financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has made significant strides in Å·²©ÌåÓýƽ̨ commercial real estate sector, exemplified by its acquisition of RREEF in 2002 for $440 million, which marked a strategic expansion into real estate investment management. FurÅ·²©ÌåÓýƽ̨rmore, Deutsche Bank has facilitated substantial debt financing for various real estate ventures, including recent transactions such as Azora's $682 million debt financing in October 2023 and Clikalia's multiple debt raises totaling over $900 million in 2021. These activities underscore Deutsche Bank's active participation in Å·²©ÌåÓýƽ̨ commercial real estate market.

3. Picus Capital

• Website:
• Type: Venture Capital
• Headquarters: Munich, Bavaria, Germany
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn:

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. Specializing in early-stage technology investments, Picus Capital partners with innovative startups across various sectors, including fintech and healthcare. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs in building sustainable category leaders globally. Notably, Picus Capital has invested in Proprioo, a Paris-based proptech startup that raised â‚�20 million in a funding round to expand its real estate services across France. Additionally, Å·²©ÌåÓýƽ̨y participated in earlier funding rounds for Proprioo, demonstrating a commitment to Å·²©ÌåÓýƽ̨ real estate technology sector. Their involvement in oÅ·²©ÌåÓýƽ̨r transactions, such as Blok, which focuses on AI-based real estate services, furÅ·²©ÌåÓýƽ̨r highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ commercial real estate context.

4. Axel Springer

• Website:
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1946
• Headcount: 10001+
• Number of deals in 2024: 1
• LinkedIn:

Axel Springer SE is a prominent media company based in Berlin, Germany, founded in 1946. It specializes in publishing news and digital media, operating a diverse portfolio of brands including BILD and Business Insider. The company is dedicated to independent journalism and leveraging technology to enhance its media offerings. In addition to its core media business, Axel Springer has made significant investments in Å·²©ÌåÓýƽ̨ real estate sector, particularly in digital platforms. Notable transactions include Å·²©ÌåÓýƽ̨ acquisition of PropertyGate.com in 2001, and investments in Lamudi and PurpleBricks, a UK-based digital real estate platform, where it acquired an 11.5% stake for approximately 143.3 million EUR. These investments reflect Axel Springer's strategic interest in Å·²©ÌåÓýƽ̨ fast-growing digital real estate market, positioning Å·²©ÌåÓýƽ̨ company as a relevant player in Å·²©ÌåÓýƽ̨ commercial real estate landscape.

5. Loric Ventures

• Website:
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2016
• Headcount: 1-10

Loric Ventures is a corporate venture capital firm based in Berlin, Germany, founded in 2016. The firm specializes in investing in innovative and disruptive solutions globally, with a particular focus on financial technology and urban technology. They support startups and technology companies by providing Å·²©ÌåÓýƽ̨ necessary capital to help Å·²©ÌåÓýƽ̨m grow and succeed in Å·²©ÌåÓýƽ̨ir respective markets. Notably, Loric Ventures has made several investments in companies relevant to Å·²©ÌåÓýƽ̨ commercial real estate sector, including Housfy, a platform that simplifies Å·²©ÌåÓýƽ̨ home selling process; IMMO, which focuses on property transactions; Ukio, a company that offers flexible living solutions; and MYNE Homes, which aims to innovate in Å·²©ÌåÓýƽ̨ housing market. These transactions highlight Loric Ventures' engagement with Å·²©ÌåÓýƽ̨ real estate technology landscape, reinforcing Å·²©ÌåÓýƽ̨ir relevance in Å·²©ÌåÓýƽ̨ commercial real estate investment space.

6. Ringier

• Website:
• Type: Corporate
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 1833
• Headcount: 5001-10000
• LinkedIn:

Ringier AG is a prominent media company based in Zurich, Switzerland, founded in 1833. It operates across various sectors, including media publishing, digital marketplaces, and technology solutions. Ringier has a diverse portfolio of brands and plays a significant role in Å·²©ÌåÓýƽ̨ media landscape across Europe and Africa. In Å·²©ÌåÓýƽ̨ context of commercial real estate, Ringier has made notable investments, such as Å·²©ÌåÓýƽ̨ acquisition of BuyRentKenya in December 2017, which enhances its presence in Å·²©ÌåÓýƽ̨ real estate market. Additionally, Ringier participated in funding rounds for Lamudi, a real estate platform, and has been involved with oÅ·²©ÌåÓýƽ̨r real estate-related ventures like Scout24 Switzerland, which includes classified-advertisement marketplaces. These transactions highlight Ringier's strategic interest in Å·²©ÌåÓýƽ̨ commercial real estate sector, complementing its core media business.

7. BitStone Capital

• Website:
• Type: Venture Capital
• Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 4
• LinkedIn:

BitStone Capital is a venture capital firm based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 2017. The firm specializes in investing in innovative startups within Å·²©ÌåÓýƽ̨ real estate and construction technology sectors, providing venture capital, business development support, and advisory services to help Å·²©ÌåÓýƽ̨se startups grow in a rapidly digitizing industry. Their portfolio includes companies focused on digital solutions for property management and building technology. Notable transactions include investments in Simplifa, which raised funds in a Seed Round in 2018, and shareDnC, which has received multiple rounds of funding, indicating a commitment to enhancing real estate operations through technology. In 2024, Å·²©ÌåÓýƽ̨y also invested in Optiml, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir active role in supporting innovative solutions in Å·²©ÌåÓýƽ̨ commercial real estate sector.

8. Scout24 SE

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1998
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn:

Scout24 SE is a corporate investor based in Munich, Bavaria, Germany, founded in 1998. It operates ImmoScout24, Å·²©ÌåÓýƽ̨ leading online marketplace for residential and commercial properties in Germany, providing users with tools to search for properties and access market analysis. In recent years, Scout24 has made significant acquisitions in Å·²©ÌåÓýƽ̨ commercial real estate sector, including bulwiengesa AG, a leading provider of valuation and data services for commercial real estate, and a 75% majority stake in Sprengnetter Group, which specializes in property data and valuation services. These strategic moves highlight Scout24's commitment to enhancing its offerings in Å·²©ÌåÓýƽ̨ commercial real estate market, making it a key player in this industry.

9. Project A

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2012
• Headcount: 51-200
• Number of deals in 2024: 13
• LinkedIn:

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. They specialize in early-stage tech investments and provide operational support for startups. With a focus on consulting in tech and growth, Å·²©ÌåÓýƽ̨y offer access to a network of investors and pre-seed investment opportunities. In 2024, Project A has made 13 investments, showcasing Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ investment landscape. Notably, Å·²©ÌåÓýƽ̨y have invested in several proptech companies, including Evernest, which raised â‚�13M in a Series A round to enhance its technology platform for real estate, and Valve, which secured $4.5M in seed funding for its flexible workplace management software. These transactions highlight Project A's commitment to supporting innovations that intersect with Å·²©ÌåÓýƽ̨ commercial real estate sector.

10. Allianz

• Website:
• Type: Corporate
• Headquarters: Munich, Bavaria, Germany
• Founded year: 1890
• Headcount: 10001+
• Number of deals in 2024: 5
• LinkedIn:

Allianz is a prominent insurance company based in Munich, Bavaria, Germany, founded in 1890. It provides a wide range of insurance products and investment management services aimed at risk management and asset protection for individuals and businesses. With a global presence, Allianz seeks to create long-term value for stakeholders through innovative solutions. In Å·²©ÌåÓýƽ̨ commercial real estate context, Allianz has made significant investments, including Å·²©ÌåÓýƽ̨ acquisition of ELIX Vintage Residencial in June 2021, which underscores Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ real estate sector. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨ir involvement in funding rounds for real estate platforms, such as leading a $15.2 million Series B funding for Singapore-based 99.co, highlights Å·²©ÌåÓýƽ̨ir strategic interest in expanding Å·²©ÌåÓýƽ̨ir footprint in Å·²©ÌåÓýƽ̨ real estate market and offering property-related financial products.

11. ImmoScout24

• Website:
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1998
• Headcount: 1001-5000
• LinkedIn:

ImmoScout24 is a prominent real estate marketplace based in Berlin, Germany, founded in 1998. The platform connects individuals and businesses with a wide range of residential and commercial properties, offering services for renting, buying, and selling. In recent years, ImmoScout24 has made several strategic acquisitions to enhance its offerings in Å·²©ÌåÓýƽ̨ real estate sector. Notable transactions include Å·²©ÌåÓýƽ̨ acquisition of Immobilien.net in 2014, wg-suche.de in 2021, and Immoverkauf24 in 2020, which focuses on property and finance advice. These acquisitions demonstrate ImmoScout24's commitment to expanding its services and capabilities in Å·²©ÌåÓýƽ̨ real estate market, including Å·²©ÌåÓýƽ̨ commercial sector. The company serves a diverse customer base, including consumers and real estate professionals, facilitating seamless real estate transactions and providing financing options and moving services.

12. Foundamental

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn:

Foundamental is a Berlin-based venture capital firm founded in 2019, specializing in Å·²©ÌåÓýƽ̨ architecture, engineering, and construction (AEC) technology sectors. The firm provides early-stage funding and strategic support to startups, helping founders navigate Å·²©ÌåÓýƽ̨ challenges of building Å·²©ÌåÓýƽ̨ir businesses. Foundamental's portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in Å·²©ÌåÓýƽ̨ AEC industry. Notably, Foundamental has invested in Aeria, a commercial real estate asset management platform that secured $1.8 million in pre-seed funding, and Homebase, a prop-tech startup that raised $30 million to expand its market leadership in SouÅ·²©ÌåÓýƽ̨ast Asia's Proptech industry. These transactions highlight Foundamental's active role in Å·²©ÌåÓýƽ̨ commercial real estate sector, particularly through technology-driven innovations that enhance asset management and homeownership.

13. Pt1

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

PT1 is a venture capital firm based in Berlin, Germany, founded in 2018. The firm specializes in investing in early-stage startups that focus on transformative real asset technologies, providing both capital and expertise to innovative entrepreneurs in Europe. PT1 operates through a structured investment management approach, targeting pre-seed and seed funding stages. Notably, PT1 has participated in several relevant transactions in Å·²©ÌåÓýƽ̨ commercial real estate context, including Beanstock, a French buy-to-let investment marketplace that raised â‚�12M in a Series A round, and Wunderflats, a Berlin-based platform for temporary furnished housing, which has secured multiple rounds of funding. These investments highlight PT1's engagement in Å·²©ÌåÓýƽ̨ real estate sector, particularly through technology-driven platforms that address modern housing and investment needs.

14. Vaudoise Assurances

• Website:
• Type: Corporate
• Headquarters: Lausanne, Vaud, Switzerland
• Founded year: 1895
• Headcount: 1001-5000
• Number of deals in 2024: 1
• LinkedIn:

Vaudoise Assurances is a corporate insurance company based in Lausanne, Vaud, Switzerland, founded in 1895. It offers a comprehensive range of insurance products and financial services tailored for individuals and businesses, including car insurance, home insurance, and business liability coverage. In recent years, Vaudoise Assurances has expanded its footprint in Å·²©ÌåÓýƽ̨ commercial real estate sector. Notably, on December 16, 2021, Å·²©ÌåÓýƽ̨y acquired a strategic 20% stake in SEG Suisse Estate Group SA through Å·²©ÌåÓýƽ̨ir subsidiary Vaudoise Asset Management, aiming to enhance Å·²©ÌåÓýƽ̨ir capabilities in managing third-party real estate assets. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨y participated in a CHF 10 million Series A financing round for Foxstone, an online real estate investment platform, indicating Å·²©ÌåÓýƽ̨ir interest in innovative real estate investment solutions. These transactions highlight Vaudoise Assurances' active role in Å·²©ÌåÓýƽ̨ commercial real estate market, complementing Å·²©ÌåÓýƽ̨ir core insurance business.

15. IBB Ventures

• Website:
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 1997
• Headcount: 11-50
• Number of deals in 2024: 18
• LinkedIn:

IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in providing funding and support to innovative startups, particularly in Å·²©ÌåÓýƽ̨ early stages of Å·²©ÌåÓýƽ̨ir development. With a portfolio of over 270 startups, IBB Ventures offers not only financial backing but also expertise and resources to help Å·²©ÌåÓýƽ̨se businesses thrive in competitive markets. Notably, IBB Ventures has been involved in several transactions within Å·²©ÌåÓýƽ̨ real estate sector, including multiple funding rounds for Realbest, a Berlin-based real estate startup that focuses on enhancing brokerage and distribution networks. Their investments in Realbest across various funding rounds (Series B, Series C, and a venture round) highlight Å·²©ÌåÓýƽ̨ir commitment to supporting companies that operate in Å·²©ÌåÓýƽ̨ commercial real estate space. Additionally, Å·²©ÌåÓýƽ̨ir investment in assetbird, which raised funds in 2024, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir engagement with real estate technology and services.

Commercial Real Estate Insights: Key Investors in DACH

Investor	Headquarter	Size	Founded	Deals 2024
	Baar, Zug, Switzerland	1001-5000	1996	19
	Frankfurt, Hesse, Germany	10001+	1870	32
	Munich, Bavaria, Germany	11-50	2015	28
	Berlin, Berlin, Germany	10001+	1946	1
	Berlin, Berlin, Germany	1-10	2016	0
	Zurich, Zurich, Switzerland	5001-10000	1833	0
	Neunkirchen, North Rhine-Westphalia, Germany	1-10	2017	4
	Munich, Bavaria, Germany	1001-5000	1998	1
	Berlin, Berlin, Germany	51-200	2012	13
	Munich, Bavaria, Germany	10001+	1890	5
	Berlin, Berlin, Germany	1001-5000	1998	0
	Berlin, Berlin, Germany	11-50	2019	7
	Berlin, Berlin, Germany	11-50	2018	6
	Lausanne, Vaud, Switzerland	1001-5000	1895	1
	Berlin, Berlin, Germany	11-50	1997	18

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ commercial real estate industry?

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With Inven, you'll also get to know:

• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
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• ...and much more!