HABONA INVEST

What HABONA INVEST does

Habona Invest GmbH is a Frankfurt-based, owner-managed German investment and asset manager founded in 2009, specializing in neighborhood supply (Nahversorgung) and social infrastructure real estate. The firm acquires, develops, and manages grocery-anchored retail properties and daycare (Kita) facilities across Germany, with a managed portfolio of approximately 228 properties and assets under management of roughly EUR 1.1 billion. Its product suite comprises closed-end retail alternative investment funds (Publikums-AIFs) structured as short-duration Kurzläufer vehicles (Fonds 08 and Fonds 09), an open-ended real estate fund (Habona Nahversorgungsfonds Deutschland), institutional special fund mandates, a real estate consulting arm (Habona Invest Consulting), and a vacation property subsidiary (Pareus GmbH, Italy) acquired in 2021.

The business model is built on three revenue streams: (i) fund management fees from closed- and open-end AIFs (the closed-end Kurzläufer series typically targets EUR 50 million equity and EUR 95 million total investment volume per vehicle, with minimum subscriptions of EUR 10,000), (ii) institutional special fund and advisory mandates (notably a co-launched vehicle with Deka), and (iii) transaction-driven and consulting fees. Distribution combines a network of independent financial advisors (Vertriebspartner), a small direct sales team headquartered in Frankfurt, and digital self-service channels via fund-specific microsites. Tenant relationships are concentrated among Germany's five largest food retailers—REWE, EDEKA/Netto, Lidl, and Aldi—who serve as long-term anchor tenants under typically 15+ year inflation-indexed leases.

Since founding, Habona has launched 15 funds, placed roughly EUR 390 million in equity across eight predecessor Kurzläufer vehicles with over 11,400 private investors, and completed transactions totaling EUR 2 billion. In 2025 alone, the firm acquired 28 properties for EUR 155 million (approximately 86% off-market), and in January 2026, a planned leadership transition occurred with Hans-Christian Schmidt handing over to Matthias Weißbäcker. Most significantly, in July 2026 the open-ended Habona Nahversorgungsfonds Deutschland suspended share issuance and redemption due to insufficient liquid funds, reflecting sector-wide liquidity stress affecting German open-ended real estate funds.

Name

HABONA INVEST

Legal name

Habona Invest GmbH

Website

https://habona.de

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Habona Invest is a Frankfurt-based, owner-managed German asset manager founded in 2009, specializing in German neighborhood supply and social infrastructure real estate. It manages approximately EUR 1.1 billion across 228 grocery-anchored and daycare properties via closed-end AIFs, an open-ended fund, and institutional mandates.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Real Estate Property Managers (53131), Open-End Investment Funds (52591)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Closed-end real estate funds
• Neighborhood supply properties
• Asset management services
• Food retail real estate
• Institutional real estate funds

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Closed-End Fund Management: Habona Invest generates revenue by structuring, launching, and managing closed-end real estate funds (geschlossene Publikums-AIFs). The company acts as emission house (Emissionshaus) and asset manager. Revenue comes from fund management fees and performance-related income from its investment products.
2. Open-End Real Estate Fund Management: The company manages the Habona Nahversorgungsfonds Deutschland, an open-ended real estate fund, generating ongoing management fees from the fund's asset base.
3. Advisory and Consulting Services: Through Habona Invest Consulting, the company provides advisory services to financiers, institutional investors, and family offices across the value chain, generating fee income for bespoke consulting mandates.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Habona Invest is a Frankfurt-based investment and asset manager that structures, launches, and manages German real estate funds focused on neighborhood supply (Nahversorgung) properties such as supermarkets and daycare centers. The company offers closed-end retail AIFs (Kurzläufer series) and an open-ended real estate fund for private investors, alongside institutional special funds, commercial real estate consulting, and vacation real estate through its Pareus subsidiary.

Product overview

Habona Invest Gruppe operates as an investment and asset manager specializing in neighborhood and basic needs supply real estate. The product portfolio consists of closed-end retail AIFs (Fonds 08 and 09) structured as Kurzläufer (short-duration) funds investing in German food retail and discount properties, an open-ended real estate fund (Nahversorgungsfonds Deutschland) for broader access, consulting services (Habona Invest Consulting), and vacation real estate via the Pareus subsidiary. The closed-end funds acquire properties let to major tenants such as REWE, EDEKA, Netto, Lidl, and Aldi, targeting stable cash flows from recession-resistant food retail. Since founding in 2009, 15 funds have been launched with EUR 1.1 billion in assets under management and EUR 2 billion in completed transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Habona Nahversorgungsfonds Deutschland: Open-ended real estate fund investing in neighborhood supply properties for private and institutional investors.
• Habona Invest Consulting
• Pareus
• Habona Deutsche Nahversorgungsimmobilien Fonds 09

Products and services

• Habona Deutsche Nahversorgungsimmobilien Fonds 09 Closed-end public AIF (Publikums-AIF) structured as a Kurzläufer (short-duration) fund with a 6-year term, investing in German neighborhood supply properties such as food retail and discount markets leased to creditworthy tenants. Targets retail and institutional investors with a minimum investment of EUR 10,000 plus 5% agio.
• Habona Deutsche Nahversorgungsimmobilien Fonds 08

Quantifiable outcome

• Assets under management exceed EUR 1.1 billion across 228 neighbourhood supply properties
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Pareus GmbHminorStrategic or Co-development PartnerSubsidiary company of Habona Invest Gruppe that operates the Pareus Beach Resort with 58 apartments and villas on the Italian Adriatic coast. Extends product portfolio to vacation real estate since 2021.
• KUTTER GmbH & Co. KGminorStrategic or Co-development PartnerProject developer based in Memmingen that sold multiple neighbourhood supply properties to Habona funds, including Netto markets in Gschwend and Nordendorf (REWE).
• G&R Projektentwicklung GmbHminorStrategic or Co-development PartnerBerlin-based project developer that sold a Netto property in Berlin-Altglienicke to Habona Fonds 08.

Scale indicators8 records

Direct peers

• Hahn Gruppe: German retail-real-estate asset manager and fund issuer with a comparable closed-end AIF product line for retail investors. Operates in similar grocery-anchored and retail-park sub-segments and competes head-on with Habona for both acquisitions and Vertriebspartner distribution.
• DEKA Immobilien: Deka Bank's real estate investment arm, one of Europe's largest open-ended real estate fund managers and Habona's institutional co-launch partner for the Nahversorger 02 (Inst.) special fund. Directly comparable on German institutional open-ended real estate fund management.
• Union Investment Real Estate: German institutional open-ended real estate fund manager with an extensive retail-institutional product suite and significant German food-retail and city-center exposure. Closely comparable to Habona's open-ended fund and institutional mandate offerings.
• PATRIZIA: Germany-headquartered, European-wide real estate investment manager operating both open-ended and closed-end funds for retail and institutional investors. Highly comparable business model and target customer segments to Habona, with overlapping focus on grocery-anchored retail.
• Catella Real Estate: European real estate fund manager with German residential and commercial retail offerings distributed via independent advisors. Same Vertriebspartner-style retail AIF distribution model as Habona, with overlapping institutional client base.
• KanAm Grund: German real estate fund manager specializing in open-ended and closed-end real estate funds for private investors. Comparable institutional-grade fund product line and advisor-led distribution approach to Habona's Kurzläufer series.
• Real I.S. Asset Management: German real estate asset manager with open-ended and closed-end institutional and retail AIF products, with significant grocery-anchored and social infrastructure exposure. Directly comparable specialist real estate fund manager.

Broad incumbents

• Swiss Life Asset Managers (Germany): European asset manager with German real estate institutional fund products. Larger and more diversified than Habona but overlaps on the institutional real estate fund mandates that Habona is targeting with its Deka co-launch.
• Savills Investment Management (GLL): Global real estate investment manager with open-ended and closed-end funds including a significant German retail book. Competes with Habona for institutional capital but with broader geographic and sector coverage.
• BMO Real Estate Partners: European real estate fund manager with German institutional and retail fund products under the BMO and previous品牌的 brands. Broader and larger than Habona but serves the same institutional capital pool targeting German core retail assets.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Habona.Invest.Gmbh
• LinkedInlinkedin.com/company/habona-invest-gmbh
• Instagraminstagram.com/habona_invest
• Xx.com/habona_invest

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 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 HABONA INVEST