The commercial property management industry in the DACH region, which includes Germany, Austria, and Switzerland, is dynamic and rapidly evolving. Companies here provide essential services ranging from property maintenance and leasing to strategic asset management. Technological advancements are significantly shaping the sector, with trendsetting solutions like PropTech changing how properties are managed. A push for sustainability is also emerging as key players adapt their portfolios to greener initiatives. As urbanization continues, the demand for efficient property management will grow, signaling robust growth opportunities for innovators willing to tackle new challenges in this market.


The list features 16 investors from DACH's vibrant commercial property management industry. Spanning venture capital firms, private equity players, and corporate investors, these stakeholders range from established giants like Deutsche Bank, founded in 1870, to newcomers like PT1, which launched in 2018. The group includes firms of various sizes, employing anywhere from a handful to over 10,000 staff members. In a competitive 2024, these investors engaged in numerous deals, reflecting their active participation in the sector's growth.


Top 16 Commercial Property Management Investors in DACH


1. Partners Group

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

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. Founded in 1996, the firm manages over USD 149 billion in assets and offers a range of investment solutions to institutional investors, private banks, and individual investors. Notably, Partners Group has been involved in significant transactions within the commercial property management sector, including the acquisition of Foncia, a leading property management services provider in France, where they hold a majority stake. This acquisition highlights their strategic focus on enhancing their portfolio in the property management space. Additionally, their investment in Citivale, a developer and asset manager specializing in logistics and light industrial assets, further underscores their active role in the real estate market, particularly in managing and developing commercial properties.


2. Picus Capital

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

Picus Capital is a venture capital firm based in Munich, Bavaria, Germany, founded in 2015. The firm specializes in early-stage technology investments and partners with innovative startups across various sectors, including fintech and healthcare. Notably, Picus Capital has made significant investments in the proptech sector, which is crucial for commercial property management. For instance, they participated in the seed rounds of Zazume, a Barcelona-based proptech startup focused on technology development for property management, and Morada Uno, a Mexican proptech startup aimed at streamlining the rental process. These investments highlight Picus Capital's commitment to empowering entrepreneurs in the property management space, providing not only capital but also strategic guidance and support for growth.


3. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. With over 10,000 employees, it offers a wide range of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. Deutsche Bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. Notably, Deutsche Bank has made significant strides in the commercial property sector, highlighted by its acquisition of RREEF in 2002 for $440 million, which underscores its commitment to real estate investment management. Furthermore, the bank has facilitated substantial debt financing for various real estate ventures, including $682 million for Azora in 2023 and multiple transactions for Clikalia, showcasing its active role in supporting commercial property management initiatives.


4. Axel Springer

  • Website: axelspringer.com
  • Type: Corporate
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 1946
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: axel-springer-se

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 recent years, Axel Springer has made significant investments in the real estate sector, particularly through its minority stake in PurpleBricks, a UK-based digital real estate platform, where it invested approximately 143.3 million EUR for an 11.5% share. Additionally, Axel Springer participated in funding rounds for Lamudi, a real estate platform, indicating its interest in digital solutions for property management. The acquisition of PropertyGate.com further highlights its strategic moves within the real estate market, showcasing a commitment to expanding its influence in commercial property management.


5. Loric Ventures

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

Loric Ventures is a 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. Loric Ventures supports startups and technology companies by providing the necessary capital to help them grow and succeed in their respective markets. Among their notable transactions, they have invested in IMMO, which focuses on real estate technology, and MYNE Homes, which aims to innovate in the housing market. These investments highlight Loric Ventures' engagement with the commercial property management sector, as they seek to back companies that are transforming how real estate is managed and utilized.


6. BitStone Capital

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

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 the real estate and construction technology sectors, providing venture capital, business development support, and advisory services to help these 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 Vermietet.de, a platform that simplifies property management for landlords, and Simplifa, which offers solutions for managing real estate processes. Additionally, they have invested in Doozer and Pinestack, both of which are involved in enhancing property management through technology. Most recently, they invested over $4 million in Optiml, a startup that likely contributes to the digital transformation of property management. This focus on technology-driven solutions positions BitStone Capital as a relevant player in the commercial property management sector.


7. Rocket Internet SE


Rocket Internet SE is a venture builder based in Berlin, Germany, founded in 2007. The firm specializes in incubating and investing in internet and technology companies globally, providing operational support and capital to entrepreneurs. Rocket Internet has a diverse portfolio that includes sectors such as eCommerce, PropTech, and FinTech. Notably, they have invested in Nestpick, which raised $11 million in a Series A funding round led by Rocket Internet. Nestpick has positioned itself as a key player in the property management space, listing over 21,000 homes and generating over €16 million in rental income for landlords. Additionally, Rocket Internet's investment in Goodlord, a rental platform, further emphasizes their involvement in the property management sector. These transactions highlight Rocket Internet's commitment to supporting companies that operate within the commercial property management industry.


8. Foundamental

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

Foundamental is a Berlin-based venture capital firm founded in 2019, specializing in the architecture, engineering, and construction (AEC) technology sectors. The firm provides early-stage funding and strategic support to startups, helping founders navigate the challenges of building their businesses. Their portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in the AEC industry. Notably, Foundamental has invested in Aeria, a commercial real estate asset management platform that secured USD 1.8 million in pre-seed funding, indicating their engagement in the commercial property management sector. Additionally, they have invested in Ivy Homes, a prop-tech startup, which further demonstrates their interest in technology-driven solutions within the real estate space. These transactions highlight Foundamental's relevance in the commercial property management context.


9. Project A

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

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. Their services include consulting in technology and growth, access to a network of investors, and pre-seed investment opportunities. In 2022, Project A participated in significant funding rounds for proptech companies, including Evernest, which raised €13M in Series A funding to enhance its technology platform and expand into new markets, and Valve, which secured $4.5M in seed funding for its flexible workplace management software, managing over 10,000 buildings across various cities. These transactions highlight Project A's engagement in the commercial property management sector, aligning with their investment strategy.


10. Pt1

  • Website: pt1.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: proptech1

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 significant transactions within the commercial property management context, including Beanstock, a French buy-to-let investment marketplace that raised €12M in a Series A round, and Wunderflats, a Berlin-based platform for temporary furnished housing that has raised multiple rounds of funding, including a Series C round of $21M. These investments highlight PT1's engagement in the commercial property management sector, supporting companies that enhance the real estate market.


11. High Rise Ventures GmbH


High Rise Ventures GmbH, founded in 2018 and based in Berlin, Germany, is a corporate investor and startup incubator that specializes in supporting early-stage PropTech companies. They provide consulting services to help startups define their business strategies, secure investments, and navigate the real estate technology landscape. Their offerings include workshops and training sessions aimed at fostering innovation in the PropTech sector. Notably, High Rise Ventures has been involved in several relevant transactions, including a seed investment in Wowflow, a company that develops work management and collaboration software specifically for facility management teams. This investment highlights their commitment to enhancing commercial property management through technology. Other investments include AreaOne and GoLiving, both of which are also in the PropTech space, further emphasizing their focus on real estate technology solutions.


12. Allianz

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

Allianz is a corporate investor based in Munich, Bavaria, Germany, founded in 1890. As a leading insurance company, Allianz provides a range of insurance products and investment management services aimed at risk management and asset protection. With a global presence, Allianz seeks to create long-term value for stakeholders through innovative solutions. In the context of commercial property management, Allianz has made notable investments, including the acquisition of ELIX Vintage Residencial in June 2021, which reflects their interest in managing residential properties. Furthermore, their involvement in the Series B funding round for the Singapore-based real estate platform 99.co, which raised US$15.2M, highlights their strategic focus on enhancing property-related financial products and services. These transactions demonstrate Allianz's active role in the commercial property sector, making them a significant player in property management investments.


13. Aareon Group

  • Website: aareon.com
  • Type: Corporate
  • Headquarters: Mainz, Rhineland-Palatinate, Germany
  • Founded year: 1957
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: aareon-ag

Aareon Group, founded in 1957 and based in Mainz, Germany, is a leading software company specializing in SaaS solutions tailored for the property management industry. With a workforce of 1001-5000 employees, Aareon provides a comprehensive property management system designed to streamline operations, enhance customer engagement, and promote sustainability. Their solutions are applicable to both residential and commercial sectors across Europe. In recent years, Aareon has expanded its portfolio through strategic acquisitions, including Wohnungshelden, a Munich-based company, and Fixflo, which manages repairs for approximately 1.2 million units. These acquisitions reflect Aareon's strategy to enhance its offerings in the property management space, particularly in commercial property management, by integrating innovative technologies and services that support property owners and managers.


14. Scout24 SE

  • Website: scout24.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1998
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: scout24-group

Scout24 SE, founded in 1998 and based in Munich, Bavaria, Germany, is a corporate investor and a leading digital real estate platform. The company operates ImmoScout24, the foremost online marketplace for residential and commercial properties in Germany, providing users with tools for property searches and market analysis. In recent years, Scout24 has made significant acquisitions to bolster its position in the real estate sector. Notably, in December 2024, they acquired bulwiengesa AG, a prominent provider of valuation and data services for commercial real estate, which enhances their analytical capabilities in the commercial property market. Additionally, in June 2023, Scout24 acquired a 75% stake in Sprengnetter Group, a leading provider of property data and valuation services, further solidifying their expertise in property management. The acquisition of Vermietet.de in May 2021, which focuses on property management tools for private landlords, also reflects their commitment to expanding their service offerings in the property management domain.


15. IBB Ventures


IBB Ventures is a venture capital firm based in Berlin, Germany, founded in 1997. The firm specializes in early-stage financing and has invested in over 270 startups, providing them with the necessary funding and support to thrive in competitive markets. Notably, IBB Ventures has participated in funding rounds for several proptech companies, including Wunderflats, a platform for temporary furnished housing, which raised significant capital in multiple funding rounds, and Realbest, a Berlin-based real estate startup focused on brokerage and distribution. These investments highlight IBB Ventures' engagement in the commercial property management sector, as they support innovative solutions that enhance property management and real estate services.


16. Creathor Ventures

  • Website: creathor.com
  • Type: Venture Capital
  • Headquarters: Bad Homburg, Hesse, Germany
  • Founded year: 2003
  • Headcount: 11-50
  • LinkedIn: creathor-venture

Creathor Ventures is a venture capital firm based in Bad Homburg, Hesse, Germany, founded in 2003. The firm specializes in providing funding and strategic support to startups, particularly in the technology and healthcare sectors. Over the years, Creathor Ventures has managed a diverse portfolio of companies, facilitating their growth through investment and consulting services. Notably, they have invested in Wunderflats, a Berlin-based platform for temporary furnished housing, participating in multiple funding rounds (Series A, B, and C) from 2017 to 2021. This involvement in Wunderflats highlights their interest in the proptech space, which intersects with commercial property management. Additionally, they have invested in Allthings, a German-Swiss property-tech startup, further indicating their engagement in the property management sector. However, their overall focus remains broader, primarily targeting technology and healthcare startups.



Commercial Property Management Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Partners GroupBaar, Zug, Switzerland1001-5000199619
Picus CapitalMunich, Bavaria, Germany11-50201528
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Axel SpringerBerlin, Berlin, Germany10001+19461
Loric VenturesBerlin, Berlin, Germany1-1020160
BitStone CapitalNeunkirchen, North Rhine-Westphalia, Germany1-1020174
Rocket Internet SEBerlin, Berlin, Germany201-50020070
FoundamentalBerlin, Berlin, Germany11-5020197
Project ABerlin, Berlin, Germany51-200201213
Pt1Berlin, Berlin, Germany11-5020186
High Rise Ventures GmbHBerlin, Berlin, Germany1-1020181
AllianzMunich, Bavaria, Germany10001+18905
Aareon GroupMainz, Rhineland-Palatinate, Germany1001-500019571
Scout24 SEMunich, Bavaria, Germany1001-500019981
IBB VenturesBerlin, Berlin, Germany11-50199718
Creathor VenturesBad Homburg, Hesse, Germany11-5020030


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