What Metro Properties does

Metro Properties is the real estate company of METRO AG, the international wholesale and food retail group, and was established in 2013 to consolidate all of METRO's real estate expertise under one entity. Headquartered in Düsseldorf, Germany, the company operates through two business units: Wholesale Real Estate, which develops strategic locations supporting METRO's wholesale business and sCore growth strategy (including Food Service Distribution, energy management, and urban district projects), and Mall & Highstreet, which manages retail and non-wholesale properties leased to third-party tenants in Germany, Poland, and Turkey with the objective of value-optimized exit. The portfolio spans wholesale stores, logistics facilities, high-street retail, and mixed-use urban developments, with notable projects including the 225,000 m² Marl logistics centre developed with Goodman Germany, the Albertussee office-to-residential conversion (sold to PANDION AG in 2018), the Be7 innovative office concept, and the flagship ONE METRO Campus — a 9.2-hectare mixed-use district transformation in Düsseldorf.

The company's revenue model combines recurring rental income from leasing wholesale and retail properties, one-time proceeds from property transactions (such as the 2025 Belgian portfolio exit), and professional asset management services covering location search, investor selection, project development, construction management, and lease negotiations. Customers include METRO AG itself as the anchor internal tenant, logistics operators such as Goodman Germany, retail and HoReCa tenants in the Mall & Highstreet portfolio, and investor/developer partners such as PANDION AG. Distribution is conducted through direct enterprise leasing and property partner networks, with no app-based or self-serve channel; marketing leans on corporate communications, press coverage, and urban design competitions. Metro Properties is a private business unit and does not separately disclose its financials, operating within the METRO AG corporate umbrella.

Name

Metro Properties

Legal name

METRO AG

Website

https://metro-properties.de

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

251–500 employees

Short description

Metro Properties is the real estate division of METRO AG, developing and managing wholesale and retail properties through two business units: Wholesale Real Estate (strategic METRO locations) and Mall & Highstreet (third-party retail assets in Germany, Poland, and Turkey).

Ownership category

akta.pro rank

Headquarters

HQ city

Düsseldorf

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Rental Income: Rental income from leasing wholesale and retail properties to tenants including METRO stores and third-party tenants in the Mall & Highstreet portfolio.
2. Property Transactions: Sale of repositioned or developed properties to generate returns, such as the Albertussee sale to PANDION AG in 2018 and Belgian portfolio exit in 2025.
3. Asset Management Services: Comprehensive real estate services including location search, investor selection, project development, construction management, acquiring building permissions, and lease agreement negotiations for METRO and partners.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

METRO PROPERTIES is the real estate company of METRO AG, pooling all of METRO's real estate expertise to develop and manage modern wholesale and retail locations. It operates through two business units: Wholesale Real Estate (strategic locations supporting METRO's wholesale business and sCore growth strategy, including Food Service Distribution, energy management, and urban district developments) and Mall & Highstreet (retail and non-wholesale properties leased to third-party tenants in Germany, Poland, and Turkey, with a value-optimised exit strategy).

Product overview

Metro Properties is the real estate company of METRO AG, organized into two distinct business units: Wholesale Real Estate and Mall & Highstreet. The Wholesale Real Estate unit focuses on METRO's core wholesale business strategy including Food Service Distribution, location acquisitions, and urban developments with hospitality concepts. The Mall & Highstreet unit manages retail and non-wholesale properties in Germany, Poland, and Turkey for value-optimized exit. Key projects include the innovative Be7 office concept, the large-scale METRO Campus urban development in Düsseldorf, the Albertussee office-to-residential conversion, and the Marl logistics centre.

Differentiator

Problem solved

Functional benefit

Brands

• Be7: Innovative office concept offering state-of-the-art working environment for METRO PROPERTIES employees, featuring flexible workspace design with shared desk model and hybrid working options.
• ONE METRO Campus

Products and services

• Wholesale Real Estate Business unit focused on strategic real estate for METRO's wholesale business and sCore growth strategy, including Food Service Distribution infrastructure, delivery solutions, future-oriented location acquisitions, innovative energy management, and urban district developments with gastronomy and hospitality concepts.
• Mall & Highstreet Independent business unit combining all retail and non-wholesale real estate activities of METRO in Germany, Poland, and Turkey. Operates a portfolio of high-quality properties leased to third-party tenants with a value-optimised exit strategy.
• METRO Campus Large-scale mixed-use urban development in Düsseldorf transforming the METRO headquarters area into a 9.2-hectare district with residential units, offices, retail, restaurants, educational facilities, parks, and mobility hubs. Planned for 4,000+ future residents.
• Be7 Office Concept Innovative non-territorial office concept with shared desk model, flexible workspace configurations, hybrid working support, activity-based working zones, and an in-house workplace booking app. Recognized among top 3 entries at the ZIA Office Award 2021 in the Space Concept category.
• Albertussee Office property in Düsseldorf-Heerdt transformed from a conservative office building into a vibrant digital campus with the 'Living at Albertussee' residential concept. Achieved 100% occupancy before successful sale to PANDION AG for residential development.
• Marl Logistics Centre Largest retail logistics park in Germany developed in partnership with Goodman Germany, consisting of two buildings (83,000 m² and 152,000 m²) totalling approximately 225,000 m² of warehouse space, with 12m hall height, 28,000 m² refrigeration space, and 406 loading gates.

Quantifiable outcome

• 100% occupancy achieved at Albertussee property before successful sale
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor and core.

• GREEN FORTUNE ABminorStrategic or Co-development Partner · 2 May 2025Vertical greening experts who adapted native plant composition of seven hanging gardens to specific climatic conditions of ONE METRO Campus atrium location, considering light, temperature, and air circulation.
• FRAMELESS STUDIO (Berlin)minorStrategic or Co-development Partner · 6 March 2025Berlin-based artists who sprayed the 8,000 color pixel artwork onto approximately 2,000 m² of the atrium façade for ONE METRO Campus, creating the distinctive food-inspired design motif.
• Landeshauptstadt DüsseldorfcoreStrategic or Co-development Partner · 1 June 2021Collaboration on 2-phase urban design competition for METRO Campus future vision. Joint commitment to collaborative processes, participation, and acceptance of all stakeholders in urban development of the Grafenberg district.
• ACME (London-based architects)coreStrategic or Co-development Partner · 1 June 2021Urban design for ONE METRO Campus transformation, creating an urban, mixed-use neighbourhood with distinctive architectural and spatial structure. Partnered with Stadt Land Fluss (Berlin) and Kieran Fraser Landscape Design (Vienna).
• Goodman Germany GmbHcoreStrategic or Co-development Partner · 1 January 2018Goodman Germany developed and remains the long-term owner of the 225,000 m² Marl logistics centre. METRO PROPERTIES was responsible for location search and investor selection. The partnership represents a model for future logistics property collaborations.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ECE Group: ECE is one of Germany's largest shopping centre developers and operators, with a managed retail real estate portfolio across Europe — directly comparable to Metro Properties' Mall & Highstreet unit in scope, geography, and tenant mix.
• Deutsche EuroShop: Deutsche EuroShop is a German-listed pure-play shopping centre investor holding European retail properties, closely matching Metro Properties' Mall & Highstreet third-party retail leasing and value-optimised exit strategy.
• Klépierre: Klépierre is a leading pan-European shopping centre operator and investor with a continent-wide retail real estate portfolio, directly comparable to Metro Properties' multi-country Mall & Highstreet operations in Germany, Poland, and Turkey.
• Hamborner REIT: Hamborner REIT is a German real estate company focused on retail properties in central locations across Germany and select European markets — closely comparable to Metro Properties' Mall & Highstreet highstreet and shopping centre assets.
• Goodman Group: Goodman is a global logistics and business-park real estate specialist, partner-owner of the Marl retail logistics park with Metro Properties — directly comparable in large-scale logistics real estate development and long-term institutional ownership models.
• Atrium European Real Estate: Atrium European Real Estate owns and operates a portfolio of retail properties across Central and Eastern Europe, comparable to Metro Properties' Mall & Highstreet operations in Poland and broader European retail exposure.

Broad incumbents

• Unibail-Rodamco-Westfield: URW is the largest publicly listed retail real estate operator globally, owning flagship shopping destinations across Europe and the US — a broad incumbent that competes for tenants, investors, and capital in the same European retail real estate space as Metro Properties.
• SEGRO: SEGRO is a major European logistics and light-industrial real estate investor and developer, comparable to Metro Properties' logistics segment (Marl) in asset class, customer base, and long-term partner ownership model.
• CBRE Group: CBRE is the world's largest commercial real estate services and investment firm, overlapping with Metro Properties on asset management, transactions, and project development services for wholesale and retail real estate clients across Europe.

Others

• JLL: JLL is a global real estate services and investment management firm providing advisory, valuation, and asset management services that overlap with Metro Properties' asset management and transaction competencies in European retail and logistics real estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/METRO_News

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Metro Properties