White Star Real Estate

What White Star Real Estate does

White Star Real Estate is a privately-held Central & Eastern European real estate services firm founded in 1997 and headquartered in Prague, Czech Republic, with primary operational presence in Warsaw and active projects across Poland, Hungary, Czech Republic, Romania, Slovakia, and Italy. The company, which reports 101–250 employees, delivers an integrated suite of real estate services to institutional investors, developers, and third-party property owners, organized around three core service lines: Development (land acquisition, zoning optimization, permitting, design management, construction coordination, leasing, and disposal), Property Management (asset management, property management, facility management, leasing coordination, accounting/bookkeeping, construction/project management, energy management, and consulting), and specialized retail management via a Tenant Care program featuring bespoke tenant-engagement software. Its portfolio spans 30+ distinct properties totaling several hundred thousand square meters across office, industrial/logistics, retail, entertainment, residential, and mixed-use asset classes, with flagship assets including Elektrownia Powiśle (Warsaw), Florenc Office Center (Prague, anchored by KPMG), Metronom (Prague, 34,000 m2), Galeria Słoneczna (Radom, 43,000 m2), Fiano Logistics Park (Rome, 60,000 m2), and the 2025-completion Liberty Technology Park (Cluj, 71,600 m2).

The business model combines recurring managed-services revenue (property, facility, asset, and energy management retainers on owned and third-party assets) with episodic professional-services fees tied to development mandates and transaction-based development/disposal fees. White Star differentiates on deep local market knowledge, a 27+ year track record of 50+ completed projects, in-house multidisciplinary teams covering the full property lifecycle, and multi-country delivery capability. Go-to-market is enterprise field sales, targeting institutional investors, developers, and third-party owners through direct engagement and relationships; pricing is bespoke and not publicly disclosed. Marketing is content-driven via the company website's portfolio case studies, downloadable board presentations (including 2025 investor materials), and a Polish-language blog on property management topics.

Core technology is traditional rather than technology-driven: no AI/ML capabilities, proprietary platforms, or APIs are disclosed, and the only bespoke software referenced is the Tenant Care tenant-engagement tool used at Galeria Słoneczna. The company has no disclosed funding rounds, no parent company, no subsidiaries, no public listing, and no recorded mergers, acquisitions, or leadership changes, consistent with a founder- or privately-held operator. Recent strategic activity centers on the 2025 launch of Liberty Technology Park in Romania, publication of 2025 investor-facing materials, and a partnership positioning with the Uzbekistan government for the New Tashkent 20,000-hectare greenfield urban development, signaling an intent to broaden the geographic and capital-base footprint.

Name

White Star Real Estate

Legal name

White Star Real Estate

Website

https://whitestar-realestate.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

White Star Real Estate is a privately-held Central & Eastern European real estate services firm founded in 1997, delivering integrated development, property management, and asset management services to institutional investors, developers, and third-party owners across 30+ properties in Poland, Hungary, Czech Republic, Romania, Slovakia, and Italy.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Real Estate Property Managers (53131), Other Activities Related to Real Estate (53139), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Operative Builders (1531)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Commercial real estate development
• Property management services
• Asset management services
• Facility management solutions
• Real estate investment services

Headquarters

HQ city

Praha

HQ country

Czechia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Development Services: Coordinating land acquisition, zoning optimization, permitting, design, construction, leasing and disposal processes for development projects across office, industrial, retail, entertainment and residential sectors.
2. Property Management Services: In-house services including Asset Management, Property Management, Facility Management, Leasing Coordination Services, Accounting/Bookkeeping Services, Construction/Project Management, Energy Management, and Consulting for development partners and third-party owners.
3. Development and Management Fees: Fees generated from managing and developing properties for clients, including both ongoing management retainers and transaction-based development fees upon project completion or disposal.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

White Star Real Estate provides integrated real estate development and property management services across Central and Eastern Europe. The company coordinates the full development lifecycle — land acquisition, zoning optimization, permitting, design, construction, leasing and disposal — for office, industrial, retail, entertainment and residential properties, and delivers ongoing asset, property, facility and energy management for development partners and third-party owners.

Product overview

White Star Real Estate is a real estate services firm operating across Central and Eastern Europe since 1997, having completed 50+ projects. The company operates a portfolio of 30+ distinct property developments spanning office, residential, retail, logistics/industrial, and multi-use categories across Poland, Hungary, Czech Republic, Romania, Slovakia, and Italy. Their services are organized into Development (land acquisition, zoning, permits, design, construction, leasing, disposal), Property Management (asset management, property management, facility management, leasing coordination, accounting/bookkeeping, construction/project management, energy management, consulting), and specialized retail management with Tenant Care programs featuring bespoke software for tenant communication and analytics.

Differentiator

Problem solved

Functional benefit

Products and services

• Development Services End-to-end real estate development service coordinating land acquisition, zoning optimization, permits, design, construction, leasing and disposal for office, industrial, retail, entertainment and residential properties. Targeted at property investors, developers and third-party owners in Central and Eastern Europe.
• Asset Management Services Comprehensive asset management service for commercial real estate portfolios, covering strategic planning, performance optimization and value enhancement for property owners and investors.
• Property Management Services In-house property management integrating facility management, leasing coordination, accounting/bookkeeping, construction/project management, energy management, and consulting for development partners and third-party owners.
• Facility Management Facility management service providing on-site technical staff, 24-hour emergency response, subcontractor supervision, fire protection, environmental and health safety compliance, and energy management advisory for managed properties.
• Leasing Coordination Services Leasing coordination service supporting office, retail and warehouse leasing activities and tenant coordination for managed properties.
• Energy Management Energy management advisory and optimization service provided to development partners and third-party owners to improve building energy performance and reduce operating costs.
• Real Estate Consulting Consulting services covering real estate strategy, market analysis and advisory for property investors, developers and third-party owners across Central and Eastern Europe.

Quantifiable outcome

• Over 50 projects completed across Europe since 1997
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• New Tashkent Project (Uzbekistan Government)minorStrategic or Co-development PartnerWhite Star Real Estate is positioning New Tashkent (20,000-hectare greenfield urban development in Uzbekistan) as an investment opportunity, with the state assuming baseline infrastructure risk. White Star's role appears to be marketing the project to international investors at events like the Tashkent International Investment Forum.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Group: Global commercial real estate services firm offering investment sales, leasing, valuation, and property management. Overlaps with White Star across property management mandates and development services for institutional owners in CEE, but operates at vastly greater scale and global breadth.
• JLL: Global real estate services firm with capital markets, advisory, and property management businesses. Comparable to White Star for institutional property and asset management mandates in Central & Eastern Europe, though much broader in service scope and geography.
• Cushman & Wakefield: Global real estate services firm providing property and facility management, valuation, and capital markets. A direct competitor for third-party property management mandates across CEE, with broader corporate service offerings.
• Knight Frank: International real estate consultancy offering commercial and residential property services, including property management and development advisory. Comparable to White Star in mid-market European property and development services, especially across CEE markets.
• Colliers International: Global real estate services and investment firm with strong presence in CEE through Colliers International Poland and Hungary. Competes directly for development advisory, property management, and tenant representation mandates across the same geographies White Star serves.
• Savills: Global real estate services firm with property management, valuation, and capital markets offerings. Comparable institutional property management and development advisory service overlay across European markets.
• Skanska Commercial Property Development: European developer-investor with CEE offices and operations across Poland, Czech Republic, Hungary, and Romania. Competes with White Star for institutional office development and ongoing property management, though at significantly larger scale.

Regional players

• AFI Europe: CEE-focused real estate developer and investor (part of AFI Properties group, related to Africa Israel). Directly comparable to White Star's development JV and management model in CEE residential, office, and retail projects.
• Globe Trade Centre (GTC): CEE-focused commercial real estate developer and operator with offices, retail, and residential assets across Poland, Hungary, Romania, and Serbia. Comparable mid-scale CEE developer-investor competing with White Star for institutional mandates in overlapping geographies.
• Echo Investment: Polish real estate developer with offices, retail, and residential projects across Poland and Romania. Comparable to White Star's Polish development and property management franchise, particularly in mixed-use and retail (Galeria Słoneczna category).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/whitestarrealestate
• LinkedInlinkedin.com/company/white-star-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 White Star Real Estate