KENSTONE

What KENSTONE does

KENSTONE GmbH, operating as KENSTONE Real Estate Valuers, is a German professional services firm specializing in independent real estate valuation. Founded in 2006 and headquartered in Eschborn near Frankfurt, the company delivers market value and mortgage lending value determinations, portfolio valuations with SWOT analyses, third-party appraisal plausibility checks, construction status reports, real estate ratings, agricultural and forestry valuations, energy consulting, and general advisory services. Its work is grounded in German regulatory frameworks (BelWertV, ImmoWertV, IAS/IFRS) and performed by HypZert F/M-certified appraisers, including F-credentialed specialists with university degrees in agriculture and forestry for the agricultural practice.

The firm operates through a nationwide German network of eight offices — Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Leipzig, München, Münster, and Stuttgart — providing local coverage for property inspections and client engagement. KENSTONE is 100% owned by Atlas Vermögensverwaltungsgesellschaft mbH and is part of the Commerzbank Group, as evidenced by a supervisory board staffed entirely by Commerzbank executives. Cross-border capability is enabled through the firm's membership in the European Valuers Alliance (EVA), which spans three asset classes across fifteen countries and fifty cities.

KENSTONE earns revenue through project-based professional service fees billed to enterprise B2B clients, principally banks and institutional investors (with corporate clients as a secondary segment), and through multi-year contracts. Go-to-market is enterprise field sales supported by industry events (MIPIM, EXPO REAL, QUO VADIS, the annual KENSTONE Immobilientag), PR in outlets such as Immobilien Zeitung, and a LinkedIn presence. Pricing is quote-driven and not publicly disclosed. A planned leadership transition in July 2026 will move Dr. Florian Pollmann into technical/operational management, succeeding Dr. Michael Brandl, while Martinus Kurth continues to lead commercial management.

Name

KENSTONE

Legal name

KENSTONE GmbH

Website

https://kenstone.de

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

KENSTONE is a Germany-based professional real estate valuation firm serving banks, institutional investors, and corporates with HypZert-certified appraisal, portfolio analysis, and advisory services delivered through eight nationwide offices as part of the Commerzbank Group.

Ownership category

akta.pro rank

Product category

Real Estate Valuation Services

NAICS

Offices of Real Estate Appraisers (53132), Other Activities Related to Real Estate (531390)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)

akta.pro primary industry

Real Estate Valuation & Appraisal (BPAHANAC)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Real Estate Valuation Review & Litigation/Dispute Support Advisory (BPAJANAK)

Keywords

• Real estate valuation
• Property appraisal services
• Mortgage lending value
• Portfolio valuation
• Agricultural property appraisal

Headquarters

HQ city

Eschborn

HQ country

Germany

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Valuation Services: Professional valuation services for market values, mortgage values, portfolios, agricultural properties, and energy consulting. Revenue generated through project-based professional service fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

KENSTONE provides professional real estate valuation and consulting services in Germany, covering market and mortgage lending value determinations, portfolio and agricultural property valuations, construction status reports, real estate ratings, and energy consulting. The firm delivers these services through a nationwide network of eight offices staffed by HypZert-certified valuers and accredited by leading German and European valuation bodies.

Product overview

KENSTONE Real Estate Valuers is a professional real estate valuation services company offering a comprehensive portfolio of valuation and consulting services. The core offering centers on Markt- und Verkehrswertermittlung (market and market value determination) for all property types, complemented by specialized services including Beleihungswertermittlung (mortgage lending value), Portfoliobewertungen und SWOT-Analysen (portfolio valuations), and Landwirtschaftliche Bewertungen (agricultural valuations). Additional services include Plausibilisierung von Fremdgutachten (external appraisal validation), Bautenstandsberichte (construction status reports), Immobilienrating (real estate rating), Energetische Beratung (energy consulting), and general Consulting. The company operates primarily as a professional services firm rather than a software platform, with services delivered through an interdisciplinary team across eight German offices.

Differentiator

Problem solved

Functional benefit

Products and services

• Market and Mortgage Lending Value Determination (Markt- und Beleihungswertermittlung)
• Portfolio Valuations and SWOT Analyses (Portfoliobewertungen)
• Real Estate Consulting (Consulting)
• External Appraisal Verification (Plausibilisierung von Fremdgutachten)
• Construction Status Reports (Bautenstandsberichte)
• Real Estate Rating (Immobilienrating)
• Agricultural Property Valuations (Landwirtschaftliche Bewertungen)
• Energy Consulting (Energetische Beratung)

Quantifiable outcome

• 3 Assetklassen, 15 Länder, 50 Städte coverage through European Valuers Alliance

Named customers2 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

Feature4 records

Partnerships

One partnership is on record.

• European Valuers Alliance (EVA)coreStrategic or Co-development PartnerKENSTONE is a member of the European Valuers Alliance (EVA), a network providing European real estate market reports covering 3 asset classes, 15 countries, and 50 cities. EVA enables cross-border valuation services and market intelligence sharing among European property valuation firms.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• bulwiengesa AG: bulwiengesa is a German real estate research and consulting firm providing market analysis, valuation, and advisory services to investors, banks, and public sector clients. It is the closest direct domestic peer to KENSTONE, sharing the same B2B client base of banks and institutional investors and overlapping in portfolio analysis and valuation services.
• VALUE AG (Hypoport subsidiary): VALUE AG is a major German property valuation firm owned by Hypoport, providing market value, mortgage lending value, and portfolio valuations for banks and institutional clients. It directly competes with KENSTONE in the German HypZert-certified valuation market and serves a similar bank-led B2B customer base.

Broad incumbents

• Savills Germany: Savills operates a German valuation, investment, and advisory business serving institutional clients and lenders. It is comparable to KENSTONE in offering HypZert-aligned bank valuation work but is a broad incumbent with global capabilities across investment, capital markets, and property management.
• Knight Frank Germany: Knight Frank's German practice covers valuation, capital markets, and advisory for institutional and private clients. It competes with KENSTONE in providing professional valuations to banks and investors, but as part of a global residential and commercial real estate brand rather than a German pure-play specialist.
• Deloitte Real Estate (Germany): Deloitte's German Real Estate practice offers valuation, consulting, and transaction advisory services to banks, institutional investors, and corporates. It is comparable to KENSTONE in serving bank and institutional clients with portfolio valuation and real estate advisory work, but as part of a Big Four professional services franchise with a much broader service mix.
• BNP Paribas Real Estate (Germany): BNP Paribas Real Estate provides valuation, advisory, and transaction services in Germany as part of a European CRE platform. It is comparable to KENSTONE in delivering institutional-grade real estate valuation and advisory to financial clients, but operates as a broader pan-European real estate services franchise with cross-border delivery.
• JLL Germany (Valuation & Advisory): Jones Lang LaSalle operates a major German valuation, capital markets, and advisory business serving financial institutions and real estate investors. It is comparable to KENSTONE in providing HypZert-style valuation services to banks and institutional clients, but as part of a global full-service CRE platform rather than a German specialist.
• Colliers International Germany: Colliers provides valuation, investment, and advisory services in Germany to institutional investors, banks, and corporate occupiers. It overlaps with KENSTONE in B2B real estate valuation mandates but competes as a diversified global CRE services platform rather than a specialized domestic valuation firm.
• Cushman & Wakefield Germany: Cushman & Wakefield runs valuation, advisory, and capital markets services in Germany for banks and institutional investors. It overlaps with KENSTONE in B2B valuation mandates but is a broad incumbent offering valuation alongside brokerage, asset management, and consulting services across a global platform.
• CBRE Valuation & Advisory Services (Germany): CBRE is a global commercial real estate services firm with a substantial German valuation and advisory practice serving banks, institutional investors, and corporates. It is a broader incumbent peer to KENSTONE, offering valuation as part of a wider capital markets, advisory, and property management portfolio rather than as a specialized pure-play.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kenstone

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 KENSTONE