LIST Gruppe

What LIST Gruppe does

LIST Gruppe is a privately held, fourth-generation German construction and real estate group headquartered in Nordhorn and operating from 13 regional offices across Germany. Founded in 1901, the company ranks among the top 50 of more than 80,000 German construction firms and delivers integrated real estate services across the full lifecycle: development, consulting and planning, revitalization, and turnkey construction. Its asset-class coverage spans logistics and industrial, production, hospitality, residential, office, healthcare and social real estate, public buildings, trade and retail, cold storage, and data centers.

The group's operating model is built on a multi-subsidiary matrix: LIST Develop (Commercial, Social, Residential) for project development, LIST Eco for sustainability consulting, LIST Ingenieure and intecplan for engineering, seven regional LIST Bau general contractor entities for self-performed construction, and LIST BiB (Bauen im Bestand) for revitalization. Underlying technology centers on BIM-based digital planning integrated with DGNB, LEED, and BREEAM sustainability certification workflows, life cycle cost analysis, and EU taxonomy compliance assessment, with demonstrated outcomes including DGNB Platinum certification for the FIEGE Ecologistics Park Greven.

LIST Gruppe generates revenue through project-based contracts as general contractor and developer, primarily via direct enterprise sales to corporate clients, real estate investors, and institutional logistics developers (Goodman, FIEGE, GARBE, VERDION, Fraport, Dietz AG, VW Immobilien, Infineon, REWE, Deichmann) and through competitive and negotiated public tenders for municipalities (cities of Krefeld, Recklinghausen, GMH Hamburg). Pricing is project-specific with no published tiers. The company is family-owned with no external parent, is not publicly traded, and has not disclosed revenue. Leadership consists of CEO Dirk Rehaag, CFO Markus Figenser, and Supervisory Board Chairman Gerhard List.

Name

LIST Gruppe

Legal name

LIST AG

Website

https://list-gruppe.de

Company type

Private

Founded year

1901

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LIST Gruppe is a German family-owned construction and real estate group offering integrated development, planning, revitalization, and turnkey construction across logistics, industrial, residential, hospitality, office, healthcare, and public-sector asset classes.

Ownership category

akta.pro rank

Headquarters

HQ city

Nordhorn

HQ country

Germany

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Construction Services (Bau): General contractor services for turnkey construction of commercial, industrial, residential, and public buildings. Revenue generated through project-based contracts as main contractor (Generalunternehmer) delivering ready-to-use properties.
2. Real Estate Development (Entwickeln): Property development services including land acquisition, project conception, planning, and realization for various asset classes including logistics, hospitality, residential, and commercial.
3. Consulting and Planning (Beraten + Planen): Advisory services for real estate projects including sustainability consulting, ESG orientation, certification support (DGNB, LEED, BREEAM), and technical building equipment planning.
4. Revitalization (Revitalisieren): Building retrofit and existing stock renovation services including energy-efficient modernization, building during operations, and subsidy-optimized renovation concepts.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

LIST Gruppe is a full-service construction and real estate development company offering end-to-end services across the entire property lifecycle: developing, consulting/planning, revitalizing, and building. The company acts as general contractor delivering turnkey commercial, industrial, logistics, residential, hospitality, healthcare, and public buildings across Germany through 13 regional offices.

Product overview

LIST Gruppe is a German construction and real estate development group offering comprehensive services across the entire real estate lifecycle. The portfolio consists of multiple specialized sub-brands: LIST Develop (Commercial, Social, Residential) for project development; LIST Eco for sustainability consulting; LIST Ingenieure for engineering; LIST Bau Holding for corporate development; and regional construction companies (LIST Bau Nordhorn, Bielefeld, Leipzig, Köln, Rhein-Main, Stuttgart, München) for turnkey construction. LIST BiB specializes in building in existing structures (renovation/revitalization). Services span develop, advise/plan, revitalize, and build. Asset classes include logistics, industry/production, hospitality, residential, office, healthcare/social, public buildings, cold storage, data centers, and trade/commercial.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development (Entwickeln) Property development services including land acquisition, project conception, planning, and realization for logistics, hospitality, residential, office, healthcare/social, retail, industrial, and public-sector asset classes. Targeted at corporate clients, investors, and public entities.
• Consulting and Planning (Beraten + Planen) Advisory and engineering planning services covering sustainability consulting, ESG orientation, certification support (DGNB, LEED, BREEAM), technical building equipment planning, and integral BIM-based engineering. Targeted at developers, investors, and corporate real estate owners.
• Revitalization (Revitalisieren) Turnkey building retrofit and renovation services for existing real estate stock, including energy-efficient modernization, construction during ongoing operations, and subsidy-optimized renovation concepts (e.g., KfW programs). Targeted at property owners, investors, and public entities with existing building portfolios.
• Turnkey Construction (Bauen) General contractor (Generalunternehmer) services delivering ready-to-use commercial, industrial, logistics, residential, hospitality, healthcare, public, and data center buildings. Delivered through regional subsidiary companies including LIST Bau Nordhorn, Bielefeld, Leipzig, Köln, Rhein-Main, Stuttgart, and München.

Quantifiable outcome

• DGNB Platinum certification achieved for FIEGE Ecologistics Park Greven through comprehensive sustainability planning
• +2 more outcomes

Named customers20 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered core and flagship.

• Fraport AGcoreStrategic or Co-development PartnerLIST Bau is constructing the LogiSpace logistics park in Kelsterbach for LogiSpace GmbH & Co. KG, a joint venture between Fraport AG and MB Park Deutschland. The project leverages proximity to Frankfurt Airport for logistics operations.
• MB Park DeutschlandcoreStrategic or Co-development PartnerJoint venture partner with Fraport in LogiSpace GmbH & Co. KG for logistics park development near Frankfurt Airport.
• FOUR PARX GmbHcoreStrategic or Co-development PartnerLIST Bau Nordhorn is constructing Light Industrial halls in Dreieich near Frankfurt Airport for FOUR PARX, featuring 100% timber structural frame for sustainability.
• AVENTOS Tau Objektgesellschaft mbHcoreStrategic or Co-development PartnerLIST Bau is realizing a new commercial park in Mannheim for AVENTOS Tau Objektgesellschaft mbH (~29,500 sqm).
• FIEGE Logistik Stiftung & Co. KGflagshipStrategic or Co-development PartnerLIST Eco developed sustainability concepts including biodiversity planning, taxonomy compliance, and DGNB Platinum certification for the FIEGE Ecologistics Park Greven - described as a blueprint for sustainable logistics within the FIEGE group.
• GoodmancoreStrategic or Co-development PartnerGlobal real estate company that has commissioned multiple logistics center projects from LIST Bau, including facilities in Mönchengladbach, Halle/Saale, and Pforzheim.
• Transgourmet Deutschland GmbH & Co. OHGcoreStrategic or Co-development PartnerLIST Bau transformed a cold storage facility in Hamburg for Transgourmet while maintaining continuous operations and supply chain stability.
• VerdioncoreStrategic or Co-development PartnerLIST Bau delivered AirPark Berlin, a turnkey logistics park near Berlin's new airport, for European property developer Verdion (~81,700 sqm).
• GARBEcoreStrategic or Co-development PartnerReal estate developer that commissioned LIST Bau Nordhorn for the GARBE IndustrialQuarter in Langenhagen (~16,500 sqm) and research/laboratory building in Warstein (~13,000 sqm).
• Dietz AGcoreStrategic or Co-development PartnerOne of Germany's largest private real estate owners with interests in offices, retail, logistics, and air cargo logistics. Commissioned LIST Bau for logistics center in Bochum (~32,800 sqm).
• CM Immobilien-Entwicklung GmbHcoreStrategic or Co-development PartnerClient for LIST Bauen im Bestand apartment complex project in Münster, converting commercial office space to 25 residential units.
• LIST + WILBERS Projectontwikkeling GmbHcoreStrategic or Co-development PartnerJoint project development partnership for senior residence in Rheine with 62 care units.
• Devario Objekt Darmstadt Havelstraße GmbH & Co. KGcoreStrategic or Co-development PartnerCommissioned LIST Bau for turnkey student housing in Darmstadt with 193 apartments (7,720 sqm).
• Sepa-Activ Mosbach GmbH & Co. KGcoreStrategic or Co-development PartnerDeveloper client for Quartier an der Bachmühle in Mosbach, a mixed-use development with retail and office space (~16,500 sqm).

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Goldbeck GmbH: German family-owned turnkey construction and real estate service company focused on commercial, industrial, logistics, and office buildings with integrated planning and system-building. Closest comparable to LIST given its full lifecycle service model, BIM-based approach, and similar sustainability emphasis in the German market.
• Zech Group SE: German family-owned construction and real estate group covering development, planning, construction, and operation across office, hotel, residential, and logistics assets. Comparable structure to LIST with multiple operating subsidiaries and a focus on integrated real estate solutions in Germany.
• Max Bögl: Large German family-owned construction company offering turnkey building construction and infrastructure projects across commercial, industrial, residential, and public sectors. Comparable mid-to-large German construction family business with broad asset-class coverage.
• Köster GmbH: German general contractor with integrated consulting and engineering for office, commercial, residential, and industrial projects. Closely comparable as a German turnkey construction specialist targeting enterprise and institutional clients with a multi-region presence.
• Leonhard Weiss GmbH & Co. KG: Major German family-owned construction company covering building construction, civil engineering, and road construction across Germany. Comparable German family-owned mid-to-large general contractor serving enterprise and public clients.
• Depenbrock Bau GmbH & Co. KG: German family-owned general contractor with similar regional multi-office structure (Headquarters Niedersachsen plus branches across Germany). Comparable turnkey construction, revitalization, and development service model targeting enterprise and public clients.
• Wolff & Müller Holding GmbH & Co. KG: German family-owned construction group with building construction, civil engineering, and real estate development divisions serving public and enterprise clients. Comparable family-owned structure and German multi-region operating model to LIST.

Broad incumbents

• Hochtief AG: Germany's largest publicly listed construction group with global infrastructure and building operations, including commercial and logistics development. A broader incumbent operating in much of the same German construction space but at meaningfully larger scale and with global reach.
• Strabag SE (incl. Züblin): European construction market leader with extensive German operations through Züblin, covering commercial and industrial buildings, civil engineering, and real estate development. A broad incumbent with overlapping German building-construction capabilities but a vastly larger project portfolio.
• BAM Deutschland AG: German subsidiary of Royal BAM Group offering turnkey construction of commercial, logistics, and public buildings across Germany. Comparable scope in turnkey commercial construction but operating as part of a larger international group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/listgruppe

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries19 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 LIST Gruppe