The real estate development industry in the DACH region revolves around the planning, construction, and management of various properties, including residential, commercial, and industrial spaces. Companies in this sector range from large corporate builders and property management firms to innovative startups focused on technology solutions in real estate. Trends indicate a significant push towards sustainability, integrating eco-friendly practices and smart technology into new developments. As urbanization accelerates, the demand for modern housing and office spaces continues to rise, prompting investors to seek opportunities amid shifting market dynamics and regulations. Strong growth forecasts for the coming years are also expected.


This list features 19 notable investors actively engaged in the DACH real estate market, showcasing a mix of corporate and private equity players. Ranging from industry giants like Deutsche Bank and Allianz headquartered in major cities to smaller venture capital firms, these investors vary in size from hundreds to thousands of employees. Founded between the 19th and 21st centuries, these firms collectively made 219 investments in 2024, indicating robust activity in the sector. Their focus on financial, technological, and construction innovations highlights the evolving nature of real estate investments in the DACH region.


Top 19 Real Estate Development 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 a prominent 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, the firm provides a range of investment solutions to institutional investors, private banks, and individual investors, helping them navigate the complexities of private markets. Recently, Partners Group has made significant strides in the real estate sector, including a strategic minority stake in Citivale Group Holdings Ltd, a developer focused on logistics and light industrial assets, and the acquisition of Bellevue Connection, a 227,811-square-foot mixed-use property in downtown Bellevue. These transactions highlight Partners Group's innovative approach and commitment to sustainability within the real estate development landscape.


2. 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 a workforce of over 10,000 employees, the bank offers a comprehensive 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 been involved in several significant transactions in the real estate sector, including the acquisition of RREEF for $440 million in 2002, which highlights its commitment to real estate investment management. Additionally, the bank has facilitated substantial debt financing for real estate-related companies, such as Azora, which raised approximately $683 million in 2023, and Clikalia, which secured over $915 million in two separate debt financing rounds in 2021. These transactions underscore Deutsche Bank's active role in the real estate development industry.


3. 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. Notable transactions include their investment in Brick&Bolt, a construction services platform that raised $2.25 million in a Series A funding round, aimed at enhancing its technological infrastructure and expanding its operations in India. Additionally, Foundamental participated in a funding round for Homebase, a Vietnam-based real estate technology platform, which raised $30 million to strengthen its market position in Southeast Asia's Proptech industry. These investments highlight Foundamental's commitment to supporting innovations that drive real estate development.


4. 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. Specializing in early-stage technology investments, Picus Capital partners with innovative startups across various sectors, including fintech, healthcare, and real estate technology. They provide not only capital but also strategic guidance and HR support to empower entrepreneurs. Notable transactions in the real estate development context include their investment in Kocomo, a Mexican proptech that raised $50M in debt financing and $6M in equity, and StrideUp, a startup focused on facilitating home purchases, which received £1.6m in Seed funding from Picus Capital. These investments highlight their engagement in the real estate sector, particularly in technology-driven solutions that support real estate development.


5. 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 corporate investor based in Berlin, Germany, founded in 1946. It is primarily known as a media company specializing in publishing news and digital media, operating a diverse portfolio of brands including BILD and Business Insider. In addition to its core media operations, Axel Springer has made strategic investments in the real estate sector, highlighting its commitment to leveraging technology and digital platforms. Notable transactions include the acquisition of Logic-Immo for €105 million, aimed at enhancing its digital presence in the French real estate market, and a significant investment in Housell, a Spanish online real estate agency, where it invested €9 million for a 20% stake. Furthermore, Axel Springer has also been involved in funding rounds for real estate platforms like Lamudi and Immonet.de, showcasing its active role in the real estate development landscape.


6. Loric Ventures

  • Website: loric.vc
  • 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. Loric Ventures supports startups and technology companies by providing the necessary capital to help them grow and succeed in their respective markets. Notably, they have invested in several companies relevant to the real estate development sector, including IMMO, which focuses on property technology, MYNE Homes, which offers innovative housing solutions, Casavo, a real estate platform, Housfy, which simplifies the home selling process, and Nested, which provides a unique approach to home buying and selling. These investments highlight Loric Ventures' engagement in the real estate development landscape, despite their broader focus on technology.


7. HV Capital

  • Website: hvcapital.com
  • Type: Venture Capital
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: hvventures

HV Capital is a venture capital firm based in Flensburg, Schleswig-Holstein, Germany, founded in 2000. With over €2.8 billion under management, HV Capital specializes in investing in digital companies and supporting entrepreneurs from seed stage to exit. They have made significant investments across Europe, helping startups navigate growth challenges. Notably, HV Capital has invested in IMMO, a company that raised over $15 million in Series A funding in 2019 and 2020, focusing on real estate solutions. Additionally, they have invested in Exporo, a PropTech company that has raised substantial funds to develop digital real estate products, including a Series C round that contributed to their total of over $91 million raised. These transactions highlight HV Capital's active role in the real estate development sector, particularly through technology-driven initiatives.


8. Holcim

  • Website: holcim.com
  • Type: Corporate
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 1912
  • Headcount: 10001+
  • Number of deals in 2024: 12
  • LinkedIn: lafargeholcim

Holcim is a leading building materials manufacturer based in Zug, Switzerland, founded in 1912. The company specializes in innovative and sustainable construction solutions, offering a wide range of products including cement, aggregates, and ready-mix concrete. Holcim caters primarily to construction companies and architects, focusing on decarbonizing building practices and driving circular construction to meet the growing demand for environmentally friendly materials. In recent years, Holcim has made strategic acquisitions to enhance its position in the real estate development sector. Notable transactions include the acquisition of HM Factory, which allows Holcim to enter the precast market and support growth in industrial and residential construction. Additionally, the acquisition of Besblock Ltd, a leading supplier of precast materials in the UK, further strengthens Holcim's sustainable building solutions. The acquisition of ZinCo GmbH, specializing in green roofing systems, aligns with Holcim's goal to increase its sustainable product offerings. These transactions demonstrate Holcim's commitment to supporting real estate development through innovative materials and solutions.


9. Ringier

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

Ringier AG is a corporate investor based in Zurich, Switzerland, founded in 1833. It is primarily a media company that operates in media publishing, digital marketplaces, and technology solutions. Despite its main focus on media, Ringier has made significant investments in the real estate sector. Notable transactions include the acquisition of Homsters in November 2022, a company that specializes in automated sales and marketing solutions for new property developments. Additionally, Ringier has invested in Lamudi, a real estate platform, and acquired Scout24 Switzerland, which includes leading classified-advertisement marketplaces. These activities demonstrate Ringier's commitment to expanding its portfolio in the real estate development space, making it a relevant player in this industry.


10. 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 a Pre-Seed investment in Optiml, which raised over $4 million in August 2024, and multiple rounds of funding for Plan4 Software, which raised approximately $4.39 million in April 2022 and an undisclosed amount in May 2021. These investments highlight BitStone Capital's commitment to fostering innovation in the real estate development space.


11. 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, addressing global challenges related to resource scarcity and sustainability. In 2022, PT1 participated in a Series A funding round for Beanstock, a French buy-to-let investment marketplace, which raised €12M to expand its platform across Europe. Additionally, PT1 has been involved in multiple funding rounds for ecoworks, a Berlin-based proptech startup, which raised significant amounts to refurbish building stock in Germany and Europe, aiming for carbon neutrality. These transactions highlight PT1's commitment to supporting innovative solutions in the real estate development sector, making them a relevant player in this industry.


12. Vonovia

  • Website: vonovia.de
  • Type: Corporate
  • Headquarters: Bochum, North Rhine-Westphalia, Germany
  • Founded year: 1998
  • Headcount: 10001+
  • LinkedIn: vonovia

Vonovia SE is a prominent private residential company based in Bochum, North Rhine-Westphalia, Germany, founded in 1998. With over 10,000 employees, Vonovia provides a wide range of housing solutions, including rental apartments and related services, primarily operating in Germany, Sweden, and Austria. The company focuses on creating livable neighborhoods and enhancing tenant services, including energy and internet provisions. Notably, Vonovia has made significant acquisitions, such as the purchase of Deutsche Wohnen for approximately $23 billion in May 2021 and Buwog for $6.1 million in December 2017, which have expanded their residential portfolio. Furthermore, their investment in the construction startup Gropyus, which raised €100 million in a Series B funding round led by Vonovia, highlights their commitment to supporting real estate development and construction initiatives, aiming to fuel long-term growth in the sector.


13. Heidelberg Materials


Heidelberg Materials is a leading building materials manufacturer based in Heidelberg, Baden-Württemberg, Germany, with a workforce of over 10,000 employees. Founded in 1873, the company specializes in producing and distributing essential products such as cement, aggregates, ready-mixed concrete, and asphalt. Heidelberg Materials serves a diverse range of customers in construction and infrastructure development, providing reliable and sustainable materials to meet the growing demands of housing and economic development. In recent years, the company has made significant acquisitions to strengthen its market position, including the purchase of Corliss Resources, a family-owned aggregates and ready-mixed concrete company in the US Pacific Northwest, and Kynningsrud Prefab, a precast contractor in Norway and Sweden. These transactions enhance Heidelberg's geographical presence and operational capabilities, further solidifying its role as a key player in the construction and real estate development sectors.


14. wienerberger

  • Website: wienerberger.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1819
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: wienerberger

Wienerberger AG, founded in 1819 and headquartered in Vienna, Austria, is a leading construction materials manufacturer specializing in bricks, roof tiles, and plastic pipes. The company serves construction businesses and contractors by providing innovative and sustainable building solutions. In recent years, Wienerberger has made significant acquisitions to strengthen its position in the market, including the acquisition of Meridian Brick for $250 million, which positions them as a leading supplier of masonry solutions in North America. Additionally, their acquisition of Terreal for approximately $644 million in January 2023 further expands their product offerings in the roofing and masonry sectors. These strategic moves reflect Wienerberger's commitment to enhancing the quality and efficiency of construction projects worldwide, making them a relevant player in the real estate development industry.


15. 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. It specializes in early-stage tech investments and provides operational support for startups. The firm has a diverse portfolio, including significant investments in the proptech sector, notably in Evernest, a German startup that raised €13 million in a Series A financing round to enhance its technology platform and expand into new markets. Additionally, Project A has participated in earlier funding rounds for Evernest, including a Seed and Pre-Seed round, showcasing its ongoing support for innovative solutions in real estate. This involvement highlights Project A's interest in the real estate development industry, particularly through technology-driven initiatives.


16. TA Ventures

  • Website: taventures.vc
  • Type: Venture Capital
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: ta-ventures

TA Ventures is a venture capital firm based in Frankfurt, Hesse, Germany, founded in 2010. The firm specializes in investing in early-stage technology startups across various sectors, including HealthTech and FinTech. With a global presence, TA Ventures provides capital and strategic support to help startups grow and succeed in competitive markets. Notably, TA Ventures has invested in June Homes, a real-estate technology startup that has raised significant funding, including a $13 million Series A round in January 2021 and a $27 million Series B round in September 2021. This involvement in real estate technology highlights TA Ventures' engagement in the real estate sector, making it a noteworthy player in the industry.


17. 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 real estate sector, Allianz has made significant investments, including the acquisition of ELIX Vintage Residencial in June 2021, which highlights their direct involvement in real estate development. Furthermore, Allianz has participated in funding rounds for real estate-related platforms such as 99.co, which raised $15.2 million to expand its services in property-related financial products. Their investment in Colonies, which raised approximately $32.3 million in December 2023, also indicates their ongoing interest in the real estate market. These transactions demonstrate Allianz's active role in the real estate development industry, complementing their broader investment strategy.


18. 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 is a corporate investor based in Munich, Bavaria, Germany, founded in 1998. The company operates ImmoScout24, the 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 to strengthen its position in the real estate sector. Notably, in June 2023, they acquired a 75% majority stake in Sprengnetter Group, a leading provider of property data and valuation services, for approximately EUR 100 million. This acquisition aligns with their strategy to enhance their offerings in the real estate market. Additionally, in December 2024, Scout24 acquired bulwiengesa AG, a prominent provider of valuation and data services for commercial real estate in Germany. These transactions highlight Scout24's commitment to expanding its influence in the real estate development space by providing essential data and valuation services that support real estate development activities.


19. LafargeHolcim

  • Website: lafargeholcim.com
  • Type: Corporate
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 1969
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: lafargeholcim

LafargeHolcim, founded in 1969 and headquartered in Zug, Switzerland, is a leading corporate investor in the building materials sector, specializing in innovative and sustainable construction solutions. The company offers a diverse range of products, including low-carbon concrete and cement, as well as circular technology for recycling materials. Their customer base primarily consists of stakeholders in the construction industry, who rely on LafargeHolcim for environmentally friendly building materials that meet modern standards. Notably, LafargeHolcim has been involved in several key transactions relevant to real estate development, including the acquisition of Somaco, a Romanian building blocks producer, which enhances their position in the local market. Additionally, their acquisitions of Lafarge and Holcim in 2015 further solidified their market presence and capabilities in providing essential materials for real estate projects. In 2024, they participated in a Series A funding round for 14Trees, a company focused on sustainable building solutions, indicating their ongoing commitment to innovation in the real estate development space.



Real Estate Development Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Partners GroupBaar, Zug, Switzerland1001-5000199619
Deutsche BankFrankfurt, Hesse, Germany10001+187032
FoundamentalBerlin, Berlin, Germany11-5020197
Picus CapitalMunich, Bavaria, Germany11-50201528
Axel SpringerBerlin, Berlin, Germany10001+19461
Loric VenturesBerlin, Berlin, Germany1-1020160
HV CapitalFlensburg, Schleswig-Holstein, Germany11-50200028
HolcimZug, Zug, Switzerland10001+191212
RingierZurich, Zurich, Switzerland5001-1000018330
BitStone CapitalNeunkirchen, North Rhine-Westphalia, Germany1-1020174
Pt1Berlin, Berlin, Germany11-5020186
VonoviaBochum, North Rhine-Westphalia, Germany10001+19980
Heidelberg MaterialsHeidelberg, Baden-Württemberg, Germany10001+18734
wienerbergerVienna, Vienna, Austria10001+18192
Project ABerlin, Berlin, Germany51-200201213
TA VenturesFrankfurt, Hesse, Germany11-5020105
AllianzMunich, Bavaria, Germany10001+18905
Scout24 SEMunich, Bavaria, Germany1001-500019981
LafargeHolcimZug, Zug, Switzerland10001+19691


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