Demire
DEMIRE is a publicly listed German commercial real estate company that acquires and manages office, retail, and hotel properties in Germany's secondary cities and emerging metropolitan peripheral locations, serving government agencies and international and regional commercial tenants under long-term leases.
- Company typePublic
- Founded2013
- HeadquartersLangen, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Demire does
DEMIRE Deutsche Mittelstand Real Estate AG is a publicly listed German commercial real estate company headquartered in Langen (Hesse) that acquires, holds, and actively manages a portfolio of office, retail, and hotel properties located in Germany's secondary cities and emerging peripheral locations of metropolitan areas. The strategy targets the German Mittelstand economic base, offering tenants access to quality commercial space at below top-tier-city entry prices while pursuing long-term value creation through active asset management. As of September 30, 2025, the portfolio comprised 46 properties with approximately 573,000 square meters of rental space and a market value of approximately EUR 0.9 billion, including the proportionally acquired Cielo property in Frankfurt/Main.
The company generates revenue primarily through long-term rental agreements with a diversified tenant base that includes government agencies (Federal agency Meckenheim, Federal State of Hesse, Police Essen), international corporations (Amazon, Deutsche Telekom, Brother), regional businesses (IMOTEX, toom, FrontWell, StudiumPlus, NEW YORKER), and hospitality operators (Premier Inn). FY 2025 rental income (Mieterträge) was EUR 53.5 million (down from EUR 65.3 million in FY 2024), with FFO I of EUR 10.1 million. The company maintains EPRA Gold certifications for both financial and sustainability reporting, has extended ESG data collection across nearly the full portfolio, and is executing a decarbonization roadmap.
DEMIRE is majority owned (~90% combined) by Apollo Global Management (via fund vehicle AEPF III 15 Sarl) and Wecken & Cie. Apollo also provided up to EUR 100 million of debt funding in 2024 as part of a restructuring that included a EUR 209 million bond buyback and bond extension to end-2027. In June 2026, the two major shareholders initiated a structured sale process for their combined stake, advised by Rothschild & Co., with no certainty of a transaction and no current plans for a stock exchange sale. Leadership transitioned in early 2026, with Dr. Dirk Rüffel appointed CEO succeeding Frank Nickel, and Ralf Bongers departing the Management Board at end-March 2026, while CFO Tim Brückner's contract was extended to June 30, 2028.
Demire firmographics
Firmographics- Name
- Demire
- Legal name
- DEMIRE Deutsche Mittelstand Real Estate AG
- Website
- https://demire.ag
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DEMIRE is a publicly listed German commercial real estate company that acquires and manages office, retail, and hotel properties in Germany's secondary cities and emerging metropolitan peripheral locations, serving government agencies and international and regional commercial tenants under long-term leases.
- Ownership category
- akta.pro rank
Demire industry classification
Industry- Product category
- Commercial Real Estate
- NAICS
- Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)
- akta.pro secondary industry
- Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)
Keywords
Where Demire is headquartered
LocationHeadquarters
- HQ city
- Langen
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Demire business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Revenue model
- Commercial Property Rental Income: Primary revenue stream from leasing office, retail, and hotel properties to commercial tenants across Germany's secondary cities and emerging metropolitan peripheral locations. Rental income generated through long-term lease agreements with solvent tenants. The 2025 Key Figures show Mieterträge of EUR 53.5 million, down from EUR 65.3 million in the prior year, reflecting portfolio disposals. FFO I (Funds from Operations I, after taxes, before minorities and interest on shareholder loans) was EUR 10.1 million for 2025, compared to EUR 26.2 million the prior year.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Demire product offering
Product offeringCore offering
DEMIRE Deutsche Mittelstand Real Estate AG acquires, holds, and actively manages a portfolio of commercial real estate — primarily office properties with a mix of retail and hotel assets — located in Germany's secondary cities and emerging peripheral locations of metropolitan regions. The company leases these properties directly to commercial tenants under long-term agreements and engages in active asset management, including tenant retention, lease optimization, ESG data collection, and selective portfolio acquisitions and disposals to maximize FFO.
Product overview
Demire Deutsche Mittelstand Real Estate AG operates as a commercial real estate company that acquires and holds properties in secondary cities and emerging peripheral locations of metropolitan regions throughout Germany. The company focuses on a portfolio of office properties with a mix of retail and hotel assets, targeting value-oriented investments with development potential and attractive entry prices. The core product is the commercial real estate portfolio management service, which includes active property management, tenant relations, and asset optimization. Key properties include Cielo Frankfurt/Main (flagship office building), Bad Vilbel properties, LogPark Leipzig (logistics), and Kurfürstengalerie Kassel (retail). The company aims for long-term rental contracts with solvent tenants and focuses on FFO-strong assets while divesting non-strategy-conforming properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Portfolio Management DEMIRE's core commercial real estate portfolio management offering: acquisition, holding, and active management of office, retail, and hotel properties in Germany's secondary cities and emerging peripheral metropolitan locations. As of 30 September 2025, the portfolio comprised 46 properties totaling approximately 573,000 sqm of rental space with a market value of approximately EUR 0.9 billion, leased to a mix of international corporations, regional Mittelstand businesses, and government tenants under long-term agreements.
- Cielo Frankfurt/Main Flagship office property at Theodor-Heuss-Allee 100/104, Frankfurt am Main, Hesse, with approximately 37,000 m² of rental space; included in DEMIRE's commercial real estate portfolio.
- Bad Vilbel Properties Commercial properties in Bad Vilbel, leased to tenants such as Brother, FrontWell (~1,900 sqm), the Federal State of Hesse, and StudiumPlus university (~1,000 sqm).
- LogPark Leipzig Logistics park in Leipzig with tenants including Amazon (leased 20,000 sqm with distribution center development) and momox (growing tenant).
- Kurfürstengalerie Kassel Retail gallery in Kassel achieving full occupancy, with tenants including the Premier Inn hotel at Kurfürsten Galerie.
- Active Asset Management Services Active asset management services covering leasing, tenant retention, ESG data collection, transaction execution, and asset optimization for DEMIRE's directly-held commercial real estate portfolio.
Quantifiable outcome
- 2.6% reduction in Scope 1 and Scope 2 emission intensity per lettable area in 2025
- +3 more outcomes
Companies that use Demire
Customer profileNamed customers14 records
Segments1 record
Ideal customer profiles1 record
Demire technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Demire partnerships and signals
Strategic signalScale indicators14 records
Recent moves8 records
Expansion highlights3 records
Demire competitors and assessment
Company assessmentDirect peers
- alstria office REIT-AG: German publicly listed office REIT focused on German office properties with active asset management. Directly comparable to DEMIRE on asset class (office), geography (Germany), and listed-REIT structure, though alstria is concentrated in larger metropolitan markets.
- Hamborner REIT AG: German listed REIT holding a portfolio of office and retail properties across German metropolitan and regional locations. Comparable to DEMIRE on asset mix (office + retail), German mid-market focus, and listed-REIT governance structure.
- DIC Asset AG: German commercial real estate company with a focus on office properties in secondary cities and regional centers, combined with investment management for institutional investors. Closely comparable to DEMIRE on niche focus (German secondary locations) and office-heavy commercial strategy.
- Deutsche Konsum REIT-AG: German listed REIT focused on retail and commercial real estate in German secondary cities and rural areas. Comparable to DEMIRE on the secondary-city commercial real estate niche, though with greater retail weighting and smaller scale.
Broad incumbents
- Aroundtown SA: One of the largest German commercial real estate companies, focused on office and hotel properties across European gateway and secondary cities. Broader, more diversified, and larger scale than DEMIRE, but overlapping in German office and hotel exposure.
Emerging players
- publity AG: German commercial real estate company active in German office property investment and asset management. Smaller and earlier-stage than DEMIRE, but with overlap in German office CRE and active asset management orientation.
Others
- Patrizia SE: German real estate investment manager with strong exposure to German commercial and residential assets. Comparable via its German commercial real estate investment activity, but operates principally as an asset/ investment manager for third-party capital rather than as a principal holder.
Regional players
- TAG Immobilien AG: German listed real estate company primarily focused on residential real estate in German secondary cities and northern Germany. Comparable via the German secondary-city niche but distinct asset class focus (residential rather than office/commercial).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
Demire social profiles
Digital presenceDemire compliance and trust
Trust signalCompliance4 records
Demire financial estimates
Financial estimateRevenue estimate
Valuation estimate
Demire leadership team
Management profileNumber of profiles
Profiles3 records
Demire subsidiaries and ownership
Company hierarchySubsidiaries1 record
Demire funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Demire M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Demire
What does Demire do?
DEMIRE Deutsche Mittelstand Real Estate AG acquires, holds, and actively manages a portfolio of commercial real estate — primarily office properties with a mix of retail and hotel assets — located in Germany's secondary cities and emerging peripheral locations of metropolitan regions. The company leases these properties directly to commercial tenants under long-term agreements and engages in active asset management, including tenant retention, lease optimization, ESG data collection, and selective portfolio acquisitions and disposals to maximize FFO.
Is Demire a public or private company?
Demire is a public company. It is classified as public and is currently operating.
When was Demire founded?
Demire was founded in 2013. It employs 11 to 50 people.
Where is Demire based?
Demire is headquartered in Langen, Germany, in the Europe region.
How does Demire make money?
One revenue line is on record: commercial Property Rental Income.
Who are Demire's main competitors?
Direct peers on record are alstria office REIT-AG, Hamborner REIT AG, DIC Asset AG and Deutsche Konsum REIT-AG. Aroundtown SA is listed as a broad incumbent. publity AG is listed as an emerging player. Patrizia SE is listed as an others. TAG Immobilien AG is listed as a regional player.
Does Demire have an API?
No public API is recorded for Demire.
What industry is Demire in?
Demire's product category is Commercial Real Estate. Its primary akta.pro industry code is BPAJAMAK, Real Estate Investment Management (Acquisitions & Dispositions), with a secondary code of FSAEAJAB, Commercial Real Estate Brokerage (Leasing & Sales). Its NAICS code is 531120 and its SIC code is 6532.