LBBW Immobilien Management

What LBBW Immobilien Management does

LBBW Immobilien Management GmbH is the real estate subsidiary of Landesbank Baden-Württemberg (LBBW), one of Germany's largest banks, and operates as a full-lifecycle real estate platform across four divisions: Asset Management (portfolio, asset, and property management plus administration of real estate special funds for institutional investors), Development (residential and commercial project development from land acquisition through completion, acting as both equity investor and service provider), Investment Management (fund concept development and management of indirect real estate investments), and Kommunalentwicklung (municipal development services including urban renewal, conversion, and land development under regulated Sanierungs-, Entwicklungs-, and Erschließungsträger roles). The Kommunalentwicklung subsidiary, founded in 1972, is self-described as the market leader in Baden-Württemberg and is co-owned by the municipal associations (Gemeindetag, Städtetag, Landkreistag) and Sparkassenverband Baden-Württemberg alongside LBBW. The group employs approximately 400 staff across more than ten offices, with headquarters in Stuttgart and regional locations in Munich, Frankfurt, Berlin, Karlsruhe, Heilbronn, Freiburg, Ulm, and Donaueschingen.

The company's technology stack is sustainability-oriented rather than AI-native: ESG benchmarking via the ECORE scoring model (joined June 2021), the QUANTREFY platform for property- and portfolio-level ESG performance indicators, Smart Metering for consumption transparency, EU Taxonomy alignment verification on projects such as Vier Giebel Stuttgart and SHFT Berlin, and DGNB Gold certification (10 projects since 2011 DGNB membership). It has completed more than 10,000 projects cumulatively, including landmark programs such as Bahnstadt Heidelberg (~116 ha, ~3,700 apartments, 365 passive-house units), the Bad Kreuznach military site conversion (50.8 ha), and Schlossgartenquartier Stuttgart (45,000 tonnes of CO2 retained in existing building fabric).

Revenue is generated through subscription/recurring fees (Asset Management, Investment Management), one-time development economics (Development), and professional-services/mandate fees (Kommunalentwicklung). Pricing is project-negotiated and not publicly disclosed. Distribution is exclusively direct sales — through the company's own regional offices and the LBBW banking group's institutional client network — with no third-party reseller or marketplace channels. Customers include German municipalities (especially in Baden-Württemberg), institutional investors, private developers, commercial tenants (e.g., Transgourmet Deutschland at Gewerbepark R.I.E.D.), and fund investors. Recent 2026 activity includes the Schlossgartenquartier groundbreaking, Marina B and PARK TRIO Hain topping-out ceremonies, and a planned leadership transition at KE (Georg Bernat succeeding Martin Riedißer as Managing Director on July 1, 2026).

Name

LBBW Immobilien Management

Legal name

LBBW Immobilien Management GmbH

Website

https://lbbw-immobilien.de

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

LBBW Immobilien Management is the real estate subsidiary of Landesbank Baden-Württemberg, providing full-lifecycle real estate services — asset management, project development, investment management, and municipal development — to institutional investors, German municipalities, and private developers primarily across Baden-Württemberg and Germany.

Ownership category

akta.pro rank

Product category

Real Estate Management & Development

NAICS

Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Real Estate (531), Real Estate and Rental and Leasing (53)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), General Bldg Contractors - Nonresidential Bldgs (1540), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

Keywords

• Real estate development
• Asset management
• Municipal development
• Property investment
• Project development

Headquarters

HQ city

Stuttgart

HQ country

Germany

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Asset Management: Management of own real estate portfolio and third-party portfolios including portfolio management, asset management, property management, and management of real estate special funds.
2. Development (Project Development): Development and realization of residential and commercial real estate projects, from land acquisition through development to completed properties, as both own investor and service provider.
3. Investment Management: Development of individual fund concepts and investment strategies for indirect real estate investment assets, managing real estate special funds.
4. Kommunalentwicklung (Municipal Development): Municipal development services including strategic consulting, urban renewal, land development and marketing, construction land mobilization and development, acting as Sanierungs-, Entwicklungs-, and Erschließungsträger. Revenue through project fees, development mandates, and land transaction facilitation.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

LBBW Immobilien Management provides comprehensive real estate services across the full lifecycle of properties through four business divisions: Asset Management (portfolio, asset, and property management plus real estate special funds), Development (residential and commercial project development from land acquisition to completion), Investment Management (indirect real estate investments and fund concepts), and Kommunalentwicklung (urban development, urban renewal, conversion, and land development for municipalities). The company serves as investor, project developer, and service provider for institutional investors, public-sector municipalities, and private developers across Germany.

Product overview

LBBW Immobilien is a comprehensive real estate company operating four interconnected business divisions: Asset Management (portfolio, asset, and property management plus special fund administration), Development (project development for residential and commercial real estate), Investment Management (indirect real estate investments and fund concepts), and Kommunalentwicklung (municipal development services). The municipal development division serves as a specialized competence center for urban development, urban renewal, conversion projects, and land development, operating as the market leader in Baden-Württemberg. The company also offers ESG and sustainability management tools including ECORE, Quantrefy, Smart Meter, and Green FM/Lease, along with DGNB certification services for sustainable building. A semi-annual KE-Report newsletter disseminates industry knowledge to municipal clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Asset Management Comprehensive management of real estate portfolios, individual assets, property management, and administration of real estate special funds for institutional investors.
• Development Real estate development services spanning from land acquisition through planning and construction to completion of residential and commercial properties, serving both as equity investor and service provider.
• Investment Management Indirect real estate investment management including development of fund concepts, investment strategies, and management of real estate investment assets.
• Kommunalentwicklung (Municipal Development) Urban development services including city renewal, conversion projects, land development, and municipal infrastructure development - the leading service provider in Baden-Württemberg for municipal development.
• Municipal Strategies and Planning Municipal strategies including urban development plans, citizen participation processes, environmental and climate planning, and feasibility studies for municipalities.
• Urban and Village Renewal Urban renewal services including redevelopment measures, urban development concepts, and management of federal and state funding programs.
• Land Mobilization and Development Land mobilization and development services including strategic advisory, land acquisition, development responsibility, and project management for residential and commercial land development.
• Property Development and Marketing Property development and marketing including feasibility studies, stakeholder participation, economic assessments, master planning, marketing strategies, and investor selection procedures.

Quantifiable outcome

• 45,000 tonnes of CO2 saved through retention of existing building mass at Schlossgartenquartier Stuttgart (grey energy savings)
• +6 more outcomes

Named customers12 records

Segments5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• LBBW Immobilien Management GmbH (Parent Company)coreOthersLBBW Immobilien Management GmbH is the parent company of the LBBW Immobilien group, which encompasses Asset Management, Development, Investment Management, and Kommunalentwicklung divisions. All divisions operate under the umbrella of the LBBW (Landesbank Baden-Württemberg) banking conglomerate.
• Gemeindetag Baden-WürttembergcoreStrategic or Co-development PartnerMunicipal association (municipalities' association) and shareholder of LBBW Immobilien Kommunalentwicklung GmbH. Represents the interests of municipalities in Baden-Württemberg and provides governance oversight and strategic alignment.
• Städtetag Baden-WürttembergcoreStrategic or Co-development PartnerCities' association and shareholder of LBBW Immobilien Kommunalentwicklung GmbH. Represents urban municipalities in Baden-Württemberg and provides governance oversight and strategic alignment.
• Landkreistag Baden-WürttembergcoreStrategic or Co-development PartnerCounty/district association and shareholder of LBBW Immobilien Kommunalentwicklung GmbH. Represents county governments in Baden-Württemberg and provides governance oversight and strategic alignment.
• Sparkassenverband Baden-WürttembergcoreStrategic or Co-development PartnerSavings banks association and shareholder of LBBW Immobilien Kommunalentwicklung GmbH. Links Kommunalentwicklung with the extensive Sparkassen (savings bank) financial network in Baden-Württemberg.
• ECORE (European Corporate Real Estate)coreTechnology or IntegrationECORE is a branch standard that unifies regulatory, legal, and ESG criteria for corporate real estate. LBBW Immobilien joined ECORE in June 2021 and uses its scoring model to represent sustainability performance of properties.
• ICG (Institut für Corporate Governance)minorStrategic or Co-development PartnerICG is a non-profit organization promoting corporate governance best practices. LBBW Immobilien supports ICG as a Gold Partner, contributing to governance standards development and professional exchange.
• Gewerbezweckverband Großraum Nürtingen (Trade and Industry Association)minorStrategic or Co-development PartnerMulti-municipality commercial development association (members: Nürtingen, Frickenhausen, Beuren, Kohlberg, Großbettlingen, Oberboihingen, Unterensingen, Wolfschlugen, Neuffen) partnered with Kommunalentwicklung for the 'Großer Forst' commercial area project (~28.5 ha total).
• Kreisbaugruppe Rems-MurrminorStrategic or Co-development PartnerLocal housing construction group in Rems-Murr district and joint venture partner in the Kernen Hangweide project. Owns approximately 630 residential units development site alongside LBBW KE and Gemeinde Kernen within a project company.
• BKEG - Bad Kreuznacher KommunalentwicklungsgesellschaftminorStrategic or Co-development PartnerBKEG is the municipal development company of Bad Kreuznach. LBBW Immobilien Kommunalentwicklung provided overall project management and corporate task execution with financial controlling for the conversion of four US military sites (50.8 ha total) into residential and commercial areas.

Scale indicators17 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• DIC Asset AG: German commercial real estate manager and investor offering asset management, fund management, and development services. Directly comparable to LBBW Immobilien's Asset Management and Investment Management divisions in target market (German commercial real estate), institutional investor client base, and integrated platform model.
• Patrizia SE: German-headquartered real estate investment manager with vertical integration across investment management, asset management, and real estate development. Comparable to LBBW Immobilien across the institutional investor value chain and German/European real estate focus.
• Helaba Immobilien / DSK Deutsche Stadt- und Grundstücksentwicklung: Subsidiary of Landesbank Hessen-Thüringen (Helaba) providing municipal development services as Sanierungs- and Entwicklungsträger across Hessen. Closest comparable peer for LBBW Immobilien's Kommunalentwicklung division — also a Landesbank-affiliated municipal development specialist operating under a similar public-private governance model.

Broad incumbents

• Vonovia SE: Europe's largest residential real estate company with development, asset management, and property management operations across Germany. Much larger scale than LBBW Immobilien but operates in overlapping residential development and asset management segments in the same German market.
• Union Investment Real Estate: One of Germany's largest open-ended real estate fund managers, part of the DZ Bank/Genossenschaftliche Finanzgruppe. Comparable to LBBW Immobilien's Investment Management division for institutional fund products and German/European real estate exposure, with similar banking-group affiliation.
• Deka Immobilien: Real estate investment arm of DekaBank (Sparkassen group) managing open- and closed-ended real estate funds globally. Comparable to LBBW Immobilien's Investment Management division in fund product design and institutional investor base, with comparable banking-group sponsorship through the Sparkassen network.
• Commerz Real: Real estate investment manager and developer affiliated with Commerzbank, managing open-ended real estate funds and project developments across Germany and Europe. Comparable to LBBW Immobilien for institutional fund products and project development in the German market with banking-group backing.

Regional players

• NRW.URBAN: North Rhine-Westphalia's state-owned municipal development and urban regeneration company. Closely comparable to LBBW Immobilien's Kommunalentwicklung division in service offering (Sanierungs-, Erschließungsträger) and public-sector ownership model, but operates regionally in NRW rather than Baden-Württemberg.
• BayernGrund (Bayerische Hausbau Real Estate): Bavarian-focused real estate subsidiary of Stadtsparkasse München with development, asset management, and municipal-related real estate activities. Comparable to LBBW Immobilien's integrated platform model within a regional German banking group, though with primary geographic focus on Bavaria rather than Baden-Württemberg.

Emerging players

• BPD Immobilienentwicklung (Bouwfonds): European residential and mixed-use project developer active in Germany with sustainability focus. Comparable to LBBW Immobilien's Development division for residential project development and ESG-aligned building practices, though smaller in scale and without municipal development focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/lbbw
• YouTubeyoutube.com/channel/UCNUrhkz9b0aZ7nb9-2UfsNQ
• LinkedInlinkedin.com/company/lbbw-immobilien-gruppe

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

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 LBBW Immobilien Management