List of the 600 Largest Real Estate Investors Germany [2023 Update]

Product Overview

Includes institutional investors, investment managers, project developers, real estate companies, REITs and pension funds that actively acquire real estate in Germany.

Excellent depth of detail: purchase profile (asset classes and regional focus), link to purchase profile and assets under management if available, contact details, management board, etc.

High-quality lists thanks to manual data maintenance by an experienced research team in Munich. Boutique research instead of unchecked crawler data.

List of 4 large real estate investors in Germany

Our research expertise goes far beyond the creation and maintenance of our databases. We deal intensively with the relevant markets and analyse the most important players in detail. To give you an impression of what kind of investors are included in the list, we present three listed companies with different sizes and with a different focus.

1. Deka Immobilien: office, retail, hotel, logistics

In our internal ranking with an A rating and over 36.3bn EUR in assets under management, Deka is one of the largest domestic property investors. More than 500 properties worldwide are managed from the headquarter in Frankfurt. Last year, the transaction volume from the property arm of the Sparkassengruppe amounted to 4.5bn EUR. The company invests in properties from 30m EUR. Office properties, retail properties, hotels and logistics properties are purchased. It is also important to Deka that the properties are energy efficient and sustainable.

Update 2022: Deka assets under management now exceed 51 billion euros. The German real estate investor continues to be an active buyer in Germany and abroad: for example, the Google Campus in Seatte was acquired in February 2022 for 718 million euros.

Update 2023: German real estate investor Deka underscored its global activity last year. Thus, at the end of 2022, numerous properties of Booking.com, including the company headquarters in Amsterdam, were acquired for over 566 million euros.

2. ADLER Real Estate AG: focus on residential properties

The listed Adler Real Estate AG from Berlin invests in residential real estate in eastern, northern and western Germany. Residential complexes with more than 200 residential units are purchased. Adler focuses on B-locations and properties with a positive cash flow. The sales factor should be a maximum of 11.5. In recent years, the Berlin-based real estate company has grown strongly. In 2014, the value of the managed properties was just over 1bn EUR. In the meantime it has risen to almost 5bn EUR. During the same period, the number of employees also grew from 102 to 828. In our internal ranking, we rate Adler with a B.

3. Quantum: residential, office, retail, parking, logistics

Hamburg-based Quantum is another active real estate investor and project developer on the German market.Its portfolio includes, for example, the Ludwigspalais in Munich with over 19,900sqm of rental space. Another property is the Adlerwerke in Frankfurt am Main, which was acquired in a club deal in 2016 and has over 78,000sqm of space.The assets under management in the investment management exceed 10 billion euros.

Update 2022: Quantum remains an extremely active investor: for example, the JAZZ urban quarter in Hamburg’s Hafencity was acquired from Patrizia with over 200 residential units.

Update 2023: Earlier this year, Quantum released its figures for the past year. Real estate assets under management rose above 11 billion euros. Most of the acquisitions took place in the residential and healthcare asset classes. For example, the “Jazz” urban quarter in Hamburg was acquired.

4. coreo AG: residential, retail and office properties

A smaller investor, rated E by us, is coreo AG from Frankfurt. The quite young company is listed on the stock exchange and manages properties to date with a value of approx. 40m EUR. Interesting detail: with 40%, Christian Angermayer’s Single Family Office is the largest investor. Coreo invests in opportunistic office, retail and residential properties. The target yield should be above 6.5%, with office properties even above 7.5%. The investment volume goes up to 10m EUR per property. So far the portfolio includes a residential property in Bad Köstritz and an office property in Mannheim.