R&S Immobilienmanagement

What R&S Immobilienmanagement does

R&S Immobilienmanagement GmbH is a Munich-based, wholly-owned subsidiary of Rohde & Schwarz GmbH & Co. KG, founded in 1999 to deliver integrated real estate services for the parent group. The company manages approximately €1.7 billion in assets and 280,000 m² of leased space, including roughly 100,000 m² of self-operated specialized R&D, cleanroom, office, and exhibition buildings for Rohde & Schwarz at the Munich site. Beyond the captive mandate, it acts as an external landlord and service provider to enterprise occupiers and institutional counterparties.

The core product is the iCampus im Werksviertel, one of Munich's largest office quarters, spanning approximately 120,000 m² of gross floor area across ten buildings (i1–i10). Notable technical components include the i8 building — Munich's first timber-hybrid (Holz-Hybrid) office building, developed with C.F. Møller Architects, using ~1,700 m³ of BauBuche beech timber that reportedly binds over 2,300 tons of CO₂ and targets LEED Platinum certification with an approximately 50% CO₂ reduction versus conventional construction. The portfolio also includes the heritage-renovated i1 Rhenania Villa, the i5–i7 House of Communication (anchored by Serviceplan Group), the mixed-use i9 Plaza (retail, fitness, hotels), and the planned i10 hotel/office complex.

The business model combines recurring rental income from managed properties (approximately €90 million annually) with fee-based integrated services covering project development, construction management, asset and property management, finance and controlling, and both infrastructural and technical facility management (including data centers and cleanrooms). Distribution is direct: captive mandates from Rohde & Schwarz and direct enterprise leasing at iCampus and other projects in Munich, Singapore (Changi Business Park, completed 2014), and forthcoming developments such as Arrival im Löwitz Quartier in Leipzig. Marketing relies on the company's website, LinkedIn presence, and earned media from industry awards including Deutscher Städtebaupreis 2023, ZIA Office Award, German Design Award 2026, and a MIPIM Awards 2026 shortlist.

Name

R&S Immobilienmanagement

Legal name

R&S Immobilienmanagement GmbH

Website

https://rusim.de

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

R&S Immobilienmanagement GmbH is a Munich-based, wholly-owned subsidiary of Rohde & Schwarz that delivers integrated real estate development, asset/property management, and facility management for the parent and external enterprise occupiers across ~280,000 m², anchored by the 120,000 m² iCampus quarter.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Management

NAICS

Real Estate Property Managers (53131), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Operators Of Nonresidential Buildings (6512), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Asset & Lifecycle Management (CapEx Planning, Reliability) (BPABAAAI)

akta.pro secondary industry

Space & Occupancy (MAC, Space Planning, Move Management) (BPABAAAG)

Keywords

• Commercial real estate management
• Property development
• Facility management services
• Asset and property management
• Sustainable office leasing

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Rental Income from Managed Properties: R&S Immobilienmanagement generates approximately €90 million in annual rental income from its managed property portfolio of approximately 280,000 m² of leased space across Munich and other locations.
2. Integrated Real Estate Services (Facility, Property, Asset Management): Provides full-service real estate management including project development, construction management, facility management, and property management to Rohde & Schwarz and external clients, generating service-based revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

R&S Immobilienmanagement GmbH is a wholly-owned subsidiary of Rohde & Schwarz that develops, owns, and operates commercial real estate. The company provides integrated real estate services including project development, construction management, asset and property management, technical/infrastructural/commercial facility management, and finance and controlling. Its flagship is the iCampus in Munich's Werksviertel, spanning approximately 120,000 m² across ten buildings, with highlights including Munich's first timber-hybrid office building (i8) and the mixed-use i9 Plaza. Additional managed properties include technology centers, offices, mixed-use, and residential assets in Munich, plus the Changi Business Park project in Singapore serving as the Asia-Pacific headquarters.

Product overview

R&S Immobilienmanagement GmbH is an integrated real estate service provider and property developer offering a comprehensive portfolio of properties and services. The company's core offering centers on the iCampus im Werksviertel, one of Munich's largest office quarters with approximately 120,000 m² across ten buildings (i1-i10). The property portfolio includes diverse building types: heritage renovation (i1 Rhenania Villa), modern loft offices (i2, i3, i4), House of Communication (i5-i7 with 40,000 m²), the groundbreaking timber-hybrid i8 (20,000 m², LEED Platinum target), mixed-use i9 Plaza (25,500 m²), and planned i10 hotel/office complex. Beyond iCampus, the portfolio encompasses technology centers (Technologiezentrum I & II), Mü15, Bau 11, Tassilo Loft, Wohnen am Park, RS-T (planned), plus international projects in Singapore and Leipzig. Supporting services cover the entire real estate value chain: project development, asset/property management, finance & controlling, infrastructural and technical facility management, construction management, and commercial facility management. The company operates as a wholly-owned subsidiary of Rohde & Schwarz, managing approximately 100,000 m² of self-operated space for over 5,000 employees at the Munich site, with additional properties totaling around 280,000 m² of rented space.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Development (Projektentwicklung) End-to-end real estate project development service encompassing conception and planning of real estate projects, project management and controlling regarding costs, qualities and schedules, project marketing, and construction supervision, for Rohde & Schwarz and external clients.
• Asset and Property Management Strategic real estate management at company and object level, providing operative commercial and technical support of the R&S real estate portfolio, tenant care and lease management, marketing and renting, and object-budget responsibility and controlling.
• Finance and Controlling (Finance und Controlling) Ongoing accounting for 13 companies, preparation of annual financial statements, budget planning and variance analysis, liquidity planning and cash flow analysis, risk management and compliance reporting.
• Technical Facility Management (Technisches Facility Management) Conception and planning of technical systems, maintenance and servicing of technical systems, comprehensive DGUV inspection, planning and implementation of modern media technology, sustainable optimization of energy consumption, and technical operation of data centers and clean rooms.
• Infrastructural Facility Management (Infrastrukturelles Facility Management) Services including catering, fleet management, facility services, relocation services, and waste management for the R&S real estate portfolio.
• Construction Management (Baumanagement) Conception and planning for conversion measures in existing buildings, maintenance and servicing of structural facilities, documentation and maintenance of building plans, and implementation of new work concepts.
• Commercial Facility Management (Kaufmännisches Facility Management) Commercial cross-sectional function for facility management, including commercial controlling of FM, ensuring fail-safe operations, and quality assurance of organizational structures and processes.
• i8 (Holz-Hybrid Office Building) Munich's first timber-hybrid office building (Holz-Hybrid-Bürogebäude) offering approximately 20,000 m² of office, commercial, and gastro space, designed by C.F. Møller Architects with LEED Platinum certification targeting and a generous atrium, available for commercial lease.
• i9 – Plaza (Mixed-Use Complex) Mixed-use complex with approximately 25,500 m² offering retail (dm, Rewe, VinzenzMurr), fitness and leisure (Health Loft, Boulderwelt München Ost), and hotel accommodations (Moxy Hotel, Residence Inn by Marriott), with colorful louvered facades and direct connection to Ostbahnhof.
• i5, i6, i7 – House of Communication Three functionally connected buildings at iCampus with approximately 40,000 m² of modern office space developed for Serviceplan Group as primary tenant, featuring open loft floor plans, light-flooded atriums, and generous rooftop terraces with Alpine views.
• i4 Compact standalone building with approximately 3,100 m² of office and commercial space at the entrance of iCampus, featuring clear architectural lines, efficient floor plans, and modern building technology targeting LEED Gold certification.
• i2 & i3 Architecturally coordinated duo (i2: 8,800 m², i3: 9,200 m²) totaling approximately 18,000 m² of modern loft office, commercial, and gastro spaces at iCampus, designed by HENN Architekten with generous glass facades, light-flooded lofts, and rooftop terraces.
• Bau 11 Core-renovated office and exhibition building with approximately 13,500 m² for Rohde & Schwarz's own use, featuring technically sophisticated equipment and flexible interior spaces, completed under continued cleanroom operations.
• Technologiezentrum II Technology center with approximately 9,100 m² of modern office and exhibition spaces for around 600 R&S employees, featuring dynamically greened balconies and louvered facade for light regulation.
• Technologiezentrum I Central technology center on the Rohde & Schwarz factory site with approximately 16,300 m² of gross floor area for office and exhibition spaces, designed by ABH Architekturbüro Heese.
• Mü15 Modern office and canteen building with approximately 15,000 m² of gross floor area at Rohde & Schwarz's eastern factory site, featuring clear lines and high-quality technology.
• Changi Business Park, Singapore Modern office project in Singapore's Changi Business Park with approximately 13,000 m² of office and commercial space, serving as Rohde & Schwarz's Asia-Pacific regional headquarters, designed by Forum Architects.
• Arrival im Löwitz Quartier, Leipzig Six-story office building with approximately 18,000 m² of flexible units for open space, private offices, and meeting rooms near Leipzig's main train station, featuring recycling concrete, brick facade, and generous rooftop gardens.
• iCampus im Werksviertel (Master Development) Integrated mixed-use urban quarter in Munich's Werksviertel district spanning approximately 120,000 m² across ten buildings (i1–i10), combining offices, retail, hospitality, leisure, and public realm, co-winner of the Deutscher Städtebaupreis 2023.

Quantifiable outcome

• 50% reduction in CO₂ emissions compared to conventional construction using Holz-Hybrid approach (i8 building)
• +3 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Nice Dining GmbHcoreOthers · 1 July 2025Nice Dining GmbH is a gastronomy company operated by five long-time friends and business partners, who operate the restaurant NICE in the i8 building at the iCampus. NICE serves as the social heart of the i8, offering 'Nice Dining' from morning coffee to evening menus, targeting building tenants and surrounding neighborhood guests. The restaurant seats 98 indoors and 62 outdoors, integrating sustainability values shared with R&S Immobilienmanagement's Holz-Hybrid building ethos.
• Gensler (Munich)coreImplementation/ SI/ Consulting PartnerGensler, a leading global architecture and design firm, was commissioned by tenant Synopsys to design the interior office concept for its i8 leased spaces. Gensler developed a biophilic interior concept continuing the Holz theme with modular furniture, zoned lighting, and hospitality-oriented architecture. Gensler reported that the design contributed to a 50% increase in office attendance at Synopsys after the move.
• C.F. Møller ArchitectscoreStrategic or Co-development PartnerC.F. Møller Architects (Denmark) designed the award-winning i8 Holz-Hybrid office building. The architectural concept combined Danish design sensibility with Munich's industrial heritage at the Werksviertel, creating a building with a distinctive facade referencing DB601 iron mica color and approximately 1,700 m³ of BauBuche timber binding over 2,300 tons of CO₂.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Bosch Real Estate GmbH: Real estate subsidiary of Robert Bosch GmbH providing integrated real estate services including project development, construction, and facility management for Bosch properties globally. Closely matches R&S Immobilienmanagement's captive corporate RE model.
• Bayer Real Estate GmbH: Corporate real estate arm of Bayer AG, managing Bayer's global property portfolio. Operates as a captive real estate subsidiary combining development, asset management, and facility services — same integrated captive model as R&S Immobilienmanagement.

Broad incumbents

• Hochtief AG: Germany's largest construction company and parent of Turner Construction, with significant real estate development activities through HOCHTIEF Projektentwicklung. A broader incumbent across construction and commercial real estate development in Germany.
• CA Immobilien Anlagen AG: Austrian-listed real estate investment company specializing in office properties in Germany, Austria, and Eastern Europe. Comparable DACH-region focus and similar institutional-grade office positioning to R&S Immobilienmanagement.
• ECE Group GmbH & Co. KG: One of Germany's largest real estate developers and operators, primarily focused on shopping centers but expanding into offices and mixed-use. A broader incumbent in German commercial real estate with greater scale and portfolio diversification than R&S Immobilienmanagement.
• Art-Invest Real Estate Management GmbH & Co. KG: German commercial real estate developer and asset manager with a significant office and mixed-use portfolio. Comparable to iCampus in scale and asset class, operating as a broader independent incumbent in German premium office development.
• GEG German Estate Group AG: Frankfurt-based German real estate developer and asset manager focused on premium office and mixed-use properties. A regional incumbent in the German commercial real estate development market with comparable scale to R&S Immobilienmanagement's Munich portfolio.

Others

• STRABAG Real Estate GmbH: Real estate development arm of STRABAG SE, one of Europe's largest construction groups. Active in German-speaking office and mixed-use development, comparable to R&S Immobilienmanagement's project development arm and large-scale urban district delivery.
• Gegenbauer Holding GmbH & Co. KG: Berlin-based integrated property and facility management services company serving commercial and institutional clients across Germany. Comparable in integrated FM and property management services to R&S Immobilienmanagement's IFM/TFM operations.
• Bilfinger SE: German industrial services and facility management provider with comparable technical facility management capabilities (data centers, cleanrooms, complex technical facilities). Adjacent to R&S Immobilienmanagement's technical FM service line at Rohde & Schwarz sites.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInde.linkedin.com/company/r-&-s-immobilienmanagement-gmbh

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 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 R&S Immobilienmanagement