D.V.I. Deutsche Vermögens- und Immobilienverwaltungs

What D.V.I. Deutsche Vermögens- und Immobilienverwaltungs does

D.V.I. Deutsche Vermögens- und Immobilienverwaltungs GmbH is a privately held, owner-managed German integrated real estate group founded in 2005 and headquartered in Schönefeld, Brandenburg. As of 2023 it manages approximately €3.0 billion of real estate assets, comprising 11,672 residential apartments concentrated in Berlin and Brandenburg under its Wohn-Union sub-brand, and roughly 400,000 square meters of commercial space across German secondary cities (Berlin, Erfurt, Leipzig, Dresden, Chemnitz, Schwerin, Magdeburg, Hamburg) under the Deutsche Bürohaus sub-brand. The group has been an active acquirer of participations in closed-end real estate funds on the German secondary market since 2011, with over 20,000 fund shares purchased to date.

The operating model is vertically integrated: wholly-owned subsidiaries Wohn-Union Immobilienmanagement GmbH and DBH Hausverwaltung handle day-to-day residential and commercial property management, acquisitions, and tenant relations, with additional support from D.V.I. Services GmbH as a shared-services entity. Premium new-build developments include the C1 office building at Berlin Alexanderplatz (DGNB Gold, WiredScore Platin, SmartScore Platin) and the Messingwerk Finow mixed-use quarter in Eberswalde, with the Altonaer Höfe Erfurt project also in pipeline. Over 90% of residential space carries an energy efficiency label of B, C, or A, and the Deutsche Bürohaus portfolio was switched to 100% green electricity in September 2025 under a long-term supply contract with Stadtwerke Bonn.

DVI generates revenue primarily through recurring rental income from its residential and commercial portfolio, supplemented by capital raised via listed bond issuances and the ongoing closed-end fund secondary-market acquisition program. The group accessed public debt capital markets for the first time in January 2022 with a €350 million five-year bond at 2.5% (ISIN XS2431964001), and in May 2025 placed a €350 million inaugural green bond (subsequently tapped to €400 million), both investment-grade rated BBB- (stable) by Fitch and S&P Global. The customer base is a hybrid: long-tail residential tenants across Berlin/Brandenburg, government and public-sector anchor tenants (BImA, Bundesagentur für Arbeit, Land Thüringen, European Patent Office), enterprise commercial tenants (Stadler, LucaNet, Retarus), and retail/semi-institutional fund investors purchasing fund shares since 2011.

Name

D.V.I. Deutsche Vermögens- und Immobilienverwaltungs

Legal name

D.V.I. Deutsche Vermögens- und Immobilienverwaltungs GmbH

Website

https://dvi.de

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

51–100 employees

Short description

DVI is a privately held, owner-managed German integrated real estate group founded in 2005, managing roughly €3.0 billion of assets including 11,672 Berlin-area residential apartments and ~400,000 sqm of commercial space across German secondary cities. It serves residential tenants, government and enterprise lessees, and retail/semi-institutional fund investors via its Wohn-Union and Deutsche Bürohaus subsidiaries.

Ownership category

akta.pro rank

Product category

Real Estate Investment & Property Management

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), New Multifamily Housing Construction (except For-Sale Builders) (236116), Rental and Leasing Services (532)

SIC

Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI)

Keywords

• Residential real estate
• Commercial property management
• Real estate fund acquisition
• Green bond issuance
• Integrated property investment

Headquarters

HQ city

Schönefeld

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Rental Income: Recurring rental income from a portfolio of 11,672 residential apartments and commercial properties across Germany. Residential units are located primarily in Berlin and Brandenburg; commercial properties span offices in Berlin, Erfurt, Leipzig, and other cities.
2. Fund Share Issuance: Capital raised through the issuance of fund shares to retail and semi-institutional investors. Minimum investment thresholds apply. The company has completed over 20,000 fund share purchases since 2011.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

DVI is an integrated real estate group that invests in, holds, and manages residential and commercial real estate across German secondary cities. The company operates through two main property management subsidiaries — Wohn-Union (residential) and Deutsche Bürohaus (commercial) — and also acquires participations in closed-end real estate funds on the secondary market, with over 20,000 fund shares purchased since 2011. The portfolio comprises approximately 11,672 residential apartments (primarily in Berlin/Brandenburg) and roughly 400,000 sqm of commercial space across German cities.

Product overview

D.V.I. Deutsche Vermögens- und Immobilienverwaltungs is a fully integrated real estate group that invests in residential and commercial real estate for long-term holdings. The company operates through two main property management sub-brands: Wohn-Union (managing approximately 11,672 residential apartments primarily in Berlin with strong energy efficiency profiles) and Deutsche Bürohaus (managing 30+ commercial properties with ~400,000 sqm of usable space across German cities). The company's core investment business includes acquiring shares in closed-end real estate funds on the secondary market (over 20,000 purchases since 2011) and direct property acquisitions. DVI also develops new projects including the C1 office building at Berlin's Alexanderplatz and the mixed-use Messingwerk Finow residential quarter in Eberswalde. The company is capital markets-oriented, having issued green bonds (initially €350M in 2025, expanded to €400M) to finance its acquisition strategy.

Differentiator

Problem solved

Functional benefit

Brands

• Wohn-Union: Residential brand managing 11,672 apartments in Berlin with energy-efficient properties (90%+ with energy rating B, C, or A)
• Deutsche Bürohaus
• C1 – The Midtown Office Hub
• F1 – Forum am Anger

Products and services

• Wohn-Union Residential Property Management Residential property management service for DVI's portfolio of approximately 11,672 apartments, primarily located in Berlin. Properties feature energy efficiency ratings of B, C, or A for over 90% of building space, with an average rent of €9.03 per square meter. Includes on-site caretaker offices for large residential complexes and traveling caretakers for smaller properties.
• Deutsche Bürohaus Commercial Property Management Commercial real estate management service for DVI's portfolio of 30+ properties with nearly 400,000 square meters of usable space, including office properties (~70%), two neighborhood retail centers, and three commercial parks in cities including Berlin, Erfurt, Leipzig, Dresden, Chemnitz, Schwerin, Magdeburg, and Hamburg. Serves commercial and government tenants with professional property administration.
• Closed-End Real Estate Fund Share Acquisition Acquisition service for individual participations in closed-end real estate funds on Germany's secondary market. DVI purchases fund shares primarily from private investors, having completed over 20,000 such acquisitions since 2011.
• C1 – The Midtown Office Club (Alexanderplatz) Premium office development at Berlin's Alexanderplatz. Eight-story building with approximately 12,000 sqm of flexible office space, smart building features, 100 bicycle parking spaces with E-bike charging, and EV charging stations. Joint venture with Formac Consult Real Estate GmbH and Sascha Gechter Management GmbH. Holds DGNB Gold, WiredScore Platin, and SmartScore Platin certifications.
• Neues Messingwerk Finow Mixed-use residential quarter under development in Eberswalde on a nearly 80,000 sqm historic site of a former brass factory. Will include approximately 400 residential units (rental and owner-occupied), co-working spaces, gastronomy, tourist offerings, and public squares. Joint venture with PWR Development. Heritage buildings including the Knüppelgießhalle, Drahthütte, and Kurzwalmdach-Haus will be renovated.
• Altonaer Höfe Urban mixed-use quarter under development in Erfurt's Johannesvorstadt district on an approximately 11,600 sqm site at Altonaer Straße/corner of Schlachthofstraße. Includes roughly 100 residential units (20% social housing) and approximately 10,000 sqm of gross floor area for offices and non-disruptive commercial use.
• DVI Green Bond Listed corporate green bond issued by DVI for green finance purposes. Total volume of €400 million (initial €350M ISIN XS2431964001 issued January 2022, plus €50M follow-on under ISIN XS3151671834). The initial bond has a 5-year term and 2.5% annual coupon. Proceeds finance the acquisition of energy-efficient residential and commercial real estate in German cities with positive economic dynamics. Sustainable Fitch rated the Green Finance Framework 'Exzellent' (Excellent).

Quantifiable outcome

• 11,672 residential apartments managed across Germany
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• PWR DevelopmentcoreStrategic or Co-development PartnerCo-development partnership for the 'Neues Messingwerk Finow' project in Eberswalde, Germany. PWR Development serves as the development partner for this significant mixed-use real estate development project in a German secondary city.
• Westbridge AdvisorycoreStrategic or Co-development PartnerEnergy consulting partner for the Deutsche Bürohaus commercial property project. Westbridge Advisory provides specialized energy efficiency and sustainability expertise for the commercial building development.
• SWB Energie- und Wasser (Stadtwerke Bonn)minorStrategic or Co-development PartnerEnergy supply partnership for DVI commercial properties. SWB Energie- und Wasser (Stadtwerke Bonn) provides reliable energy supply as a utility partner for commercial buildings in the DVI portfolio.
• Formac Consult Real Estate GmbH (F.C.R.E.)coreStrategic or Co-development PartnerCo-development partner for the C1 commercial building project. F.C.R.E. serves as a strategic co-development partner, contributing real estate development expertise and local market knowledge to the project.
• Sascha Gechter Management GmbHcoreStrategic or Co-development PartnerCo-development partner for the C1 commercial building project. Sascha Gechter Management GmbH contributes development management expertise and strategic oversight to the C1 building co-development.
• CLAUS UnternehmensgruppecoreStrategic or Co-development PartnerJoint investment partnership in hotel property. CLAUS Unternehmensgruppe and DVI entered into a joint investment arrangement for a hotel property, combining capital resources and hotel sector expertise.
• GOLDBECK Ost GmbHcoreImplementation/ SI/ Consulting PartnerConstruction partner for property conversion projects. GOLDBECK Ost GmbH serves as the general contractor and construction partner for commercial and residential property conversion projects in DVI's development pipeline.
• BWFD GmbHminorImplementation/ SI/ Consulting PartnerAdvisory partner on the Falkensee real estate project. BWFD GmbH provides advisory services for the Falkensee development, contributing local market expertise and project management support.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Vonovia SE: Germany's largest residential real estate company with ~500,000 apartments nationwide. Comparable to DVI as a long-term holder and operator of German residential portfolios, but at much larger scale and with broader geographic diversification across Germany and Austria.
• LEG Immobilien SE: NRW-focused residential real estate company with ~166,000 apartments. Comparable to DVI as a regional residential operator with integrated property management, though concentrated in western Germany rather than Berlin/East Germany.

Direct peers

• Deutsche Wohnen SE: Berlin-focused residential real estate company managing ~140,000 units, the most direct geographic overlap with DVI's 11,672 Berlin apartments. Comparable business model of long-term residential holding with integrated property management, though at substantially larger scale.
• TAG Immobilien AG: Hamburg-based residential real estate company focused on secondary German cities (Northern Germany, Saxony, Thuringia), directly comparable to DVI's East German secondary city strategy. Both operate value-add residential portfolios in non-top-7 markets with similar capital structures.
• Grand City Properties SA: Berlin-headquartered residential real estate company focused on B-/C-class German cities with ~65,000 units. Closely comparable to DVI's strategy of holding residential properties in German secondary cities with value-add potential and strong occupancy.
• Aroundtown SA: Luxembourg-based commercial real estate company focused on office, hotel, and mixed-use properties in German and European cities. Comparable to DVI's Deutsche Bürohaus commercial portfolio strategy in German secondary cities, with similar investment-grade credit profile.
• alstria office REIT-AG: Hamburg-based office REIT focused on German office properties, directly comparable to DVI's Deutsche Bürohaus subsidiary. Both hold office assets across German cities with similar tenant profiles (government, large enterprises).
• Adler Group SA: Berlin-headquartered residential real estate company with diversified portfolio across Germany. Comparable to DVI as a German residential investor with integrated property management, though currently undergoing restructuring.

Emerging players

• Instone Real Estate Group AG: Frankfurt-listed residential developer active in German metropolitan regions. Comparable to DVI's development activities (C1, Messingwerk Finow, Altonaer Höfe) but focused on new-build for-sale condominiums rather than rental development.
• PATRIZIA SE: Augsburg-based real estate investment manager with ~€50B AUM across European residential and commercial properties. Comparable to DVI in German real estate investment and asset management, but operates as a third-party investment manager rather than principal investor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about D.V.I. Deutsche Vermögens- und Immobilienverwaltungs