Markstein

What Markstein does

Markstein AG is a privately held Swiss real estate services group headquartered in Baden, Aargau canton, with a secondary office in Zürich, operating under the Markstein Holding AG parent since founding in 2002. The company delivers a vertically integrated suite of real estate services across two primary client segments: private individuals (Wohn(t)räume) seeking to buy, sell, rent, or value residential properties, and institutional/private investors and developers (Anleger und Bauherren) requiring portfolio management, transaction management, construction trustee services, and new construction project marketing. Its core operating entities are Markstein AG (main brokerage), Markstein Advisory AG (institutional asset and portfolio management), and Markstein AG Zürich (regional coverage).

The firm's institutional arm, Markstein Advisory AG, manages approximately CHF 1 billion in real estate assets across four proprietary investment vehicles: ImmoVision1 AG (CHF 239M portfolio, growth/development focus), ImmoVision2 AG (CHF 214.5M, dividend-distribution focus), ImmoVision3 AG (CHF 39M, growth focus), and Vertina Anlagestiftung (CHF 186.4M GAV, projected CHF 350M post-completion, residential-only foundation). Revenue is generated through four streams: transaction commissions on residential and investment property sales (transaction fees), recurring portfolio and asset management fees on the captive investment vehicles (subscription/recurring), construction trustee (Bautreuhand) professional services for development oversight, and property valuation and due diligence fees.

Markstein employs over 40 professionals across portfolio management, transactions, construction trust, marketing, and administration, with team members holding specialized Swiss credentials (Eidg. dipl. Immobilientreuhänder, MAS in Real Estate Management, Executive MBA HSG). The company positions itself as one of the five leading real estate service providers in Switzerland, operating primarily in the Deutschschweiz region with concentration in the Aargau and Zürich cantons. Distribution is hybrid: consultative field sales through two physical offices for institutional and private transactions, complemented by self-service digital tools including a property search portal, newsletter subscriptions, and the Suchabo search-alert service.

Name

Markstein

Legal name

Markstein AG

Website

https://markstein.ch

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Markstein AG is a privately held Swiss real estate services group headquartered in Baden with offices in Baden and Zürich, serving private individuals and institutional investors across the Deutschschweiz region with residential brokerage, portfolio management (CHF 1B AUM across ImmoVision and Vertina vehicles), transaction management, and construction trustee services.

Ownership category

akta.pro rank

Product category

Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (531210), Offices of Real Estate Appraisers (53132)

SIC

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

akta.pro primary industry

Seller Representation & Listing Services (BPAJAAAK)

akta.pro secondary industries

Buyer Representation Services (BPAJAAAJ), Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ), Transaction Services (Financial, Tax & Commercial Due Diligence) (BPAHAOAB)

Keywords

• Real estate services
• Property management
• Portfolio management
• Real estate transactions
• Property valuation

Headquarters

HQ city

Baden

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Transaction Commissions: Commissions earned on the purchase and sale of residential and investment properties. The company facilitates transactions for private clients (buying/selling homes) and investors (multi-family buildings, portfolios).
2. Portfolio and Asset Management: Ongoing fees for managing real estate portfolios for institutional investors and investment companies (ImmoVision 1, 2, 3, Vertina). Services include strategy development, property management oversight, and performance reporting.
3. Construction Trust (Bautreuhand): Project management and fiduciary services for construction and development projects, overseeing development from planning through completion.
4. Property Valuation Services: Fees for comprehensive property valuations for investment properties, portfolios, and development land, including due diligence services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Markstein AG is a Swiss real estate services company that operates two main service divisions. "Wohn(t)räume" provides residential brokerage, rental, sales, and valuation services for private individuals buying, selling, or renting homes and apartments. "Anleger und Bauherren" provides portfolio/asset management, transaction management, construction trustee (Bautreuhand), and new-construction project marketing services for institutional and private investors and developers. The company additionally manages investment vehicles (ImmoVision 1, 2, 3 and Vertina Anlagestiftung) through Markstein Advisory AG.

Product overview

Markstein AG is a Swiss real estate services company offering a comprehensive suite of services for both private individuals and institutional investors. The company operates through two main divisions: Wohn(t)räume (residential services for private buyers, sellers, and renters) and Anleger und Bauherren (investment and development services). The investment arm includes three ImmoVision AG investment vehicles and the Vertina Anlagestiftung, all managed by Markstein Advisory AG. Additional services include property valuations, transaction management, portfolio management, construction trustee services, and new project marketing. The company also offers digital subscription services for property alerts and newsletters.

Differentiator

Problem solved

Functional benefit

Brands

• Vertina Anlagestiftung: Real estate investment foundation managed by Markstein Advisory AG, focused exclusively on residential properties in Switzerland, with GAV of CHF 186.4 million as of March 2026
• ImmoVision

Products and services

• Wohn(t)räume — Residential Real Estate Services for Private Individuals End-to-end residential real estate services for private individuals, including buying, selling, renting, and valuation of homes, apartments, and single-family houses. Served by dedicated teams at the Baden and Zürich offices, with self-service property search and Suchabo alerts available online.
• Anleger und Bauherren — Investment and Development Services Comprehensive service package for investors and developers including portfolio/asset management, transaction management, construction trustee (Bautreuhand) services, and marketing of new construction projects.
• Portfoliomanagement / Asset Management Ongoing portfolio and asset management for investment property holdings, including strategy development, property management oversight, and performance reporting for institutional investors and investment foundations.
• Transaktionsmanagement Transaction management services for buying and selling multi-family houses, commercial properties, residential development projects, and real estate portfolios. Includes deal sourcing, due diligence support, and execution.
• Bautreuhand (Construction Trustee) Fiduciary construction trustee service that oversees real estate development projects on behalf of owners and investors, from planning through completion, including project management and quality control.
• Vermarktung Neubauprojekte (New Construction Marketing) Sales and marketing services for new construction real estate projects, including pre-sale campaigns, project presentations, and buyer matching for developers and investors.
• Bewertungen (Property Valuations) Comprehensive property valuation services for single properties, multi-family houses, and entire real estate portfolios, including detailed market assessments and due diligence reviews.
• ImmoVision1 AG Thesaurating real estate investment company managed by Markstein Advisory AG, focused on residential portfolios with growth through new construction. Portfolio market value: CHF 239 million.
• ImmoVision2 AG Real estate investment company managed by Markstein Advisory AG that distributes annual dividends to investors. Portfolio market value: CHF 214.5 million (including four properties of subsidiary Swiss Immoconsult AG).
• ImmoVision3 AG Thesaurating real estate investment company managed by Markstein Advisory AG, growth-oriented and active in acquiring and developing properties. Portfolio market value: CHF 39 million.
• Vertina Anlagestiftung Swiss real estate investment foundation managed by Markstein, focused exclusively on residential properties. Total assets under management (GAV) of CHF 186.4 million as of March 31, 2026; portfolio market value of CHF 350 million after completion of pipeline projects; achieved 4.40% annualized return in FY 2025/2026. Capital increase in progress targeting CHF 60-80 million.
• Suchabo Property Alert Subscription Free search alert subscription service that notifies subscribers via email when new real estate listings matching their saved search criteria become available on the market.

Quantifiable outcome

• 4.40% annualized return for Vertina Anlagestiftung in FY 2025/2026, exceeding target band
• +4 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Chrono Immobilien AGcoreStrategic or Co-development Partner · 1 January 2026Chrono Immobilien AG commissioned Markstein's Zürich team to handle the marketing of the 'am Regensberg' development project in Dielsdorf. Markstein is responsible for sales and marketing of 12 Eigentumswohnungen (condominiums) in this new construction project.
• Züst Gübeli GambettiminorOthers · 1 January 2026Architecture firm responsible for designing the 'am Regensberg' project in Dielsdorf. The firm designed two elegant multi-family buildings with 12 exclusive condominiums harmoniously integrated into the existing single-family home neighborhood.
• nordstern agminorOthers · 1 January 2026General contractor responsible for construction of the 'am Regensberg' project. nordstern ag handles the realization and construction of the residential development in Dielsdorf.
• ImmoVision1 AGcoreStrategic or Co-development PartnerMarkstein Advisory AG has managed ImmoVision1 AG for many years. This investment company focuses on growth through new construction projects. Current portfolio: CHF 239 million in market value. Active projects include Müligasse in Döttingen (31 apartments) and Steigacher in Untersiggenthal (106 apartments in right-of-superstructure).
• ImmoVision2 AGcoreStrategic or Co-development PartnerMarkstein Advisory AG manages ImmoVision2 AG, a real estate investment company with a focus on distributing annual dividends. Portfolio value: CHF 214.5 million. The company has completed portfolio optimization through strategic acquisitions and disposals.
• ImmoVision3 AGcoreStrategic or Co-development PartnerMarkstein Advisory AG manages ImmoVision3 AG, a growth-oriented real estate investment company. Portfolio value: CHF 39 million. Active in acquiring and developing properties, including Niderwis project in Untersiggenthal (50 apartments) and property acquisition in Zürich-Wiedikon.
• Vertina AnlagestiftungcoreStrategic or Co-development PartnerVertina Anlagestiftung is a real estate investment foundation managed by Markstein. GAV: CHF 186.4 million (March 2026), portfolio market value after completion: CHF 350 million. Focus on residential properties in Switzerland with 4.40% annualized return. Capital increase in progress: CHF 60-80 million target volume.
• Swiss Immoconsult AGminorStrategic or Co-development PartnerSubsidiary company of ImmoVision2 AG with four additional properties in its portfolio. Markstein Advisory provides portfolio management services for this entity as part of the broader ImmoVision2 mandate.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Switzerland: CBRE is a global real estate services firm with a significant Swiss presence offering investment sales, valuation, and advisory. It competes with Markstein on institutional transaction mandates and valuation work, but at far greater scale and across multiple property types.
• Cushman & Wakefield Switzerland: Cushman & Wakefield offers investment sales, valuation, and strategic real estate advisory in Switzerland. It competes with Markstein's transaction management services for mid- and large-cap portfolio deals in the Swiss market.
• JLL Switzerland: Jones Lang LaSalle provides capital markets, valuation, and advisory services across Swiss real estate. It overlaps with Markstein's transaction management and institutional advisory capabilities and competes for similar pension fund and listed-company mandates.
• Colliers Switzerland: Colliers provides real estate advisory, transaction, and valuation services with a Swiss team covering institutional and private clients. Comparable to Markstein's investor-facing transaction and advisory offerings across the broader Swiss geography.

Direct peers

• Livit AG: Livit is one of Switzerland's largest real estate management companies, providing brokerage, property management, and valuation services. It overlaps with Markstein on residential brokerage and portfolio management, competing for institutional mandates across Switzerland.
• Engel & Völkers Schweiz: Engel & Völkers operates a residential-focused brokerage network across Switzerland. It is a direct competitor to Markstein's Wohn(t)räume private-residential brokerage business, particularly in the premium and middle-market segments in Zürich and Aargau.
• Privera AG: Privera is a major Swiss property management and brokerage firm with deep institutional relationships. Comparable to Markstein's portfolio/asset management and residential transaction services, though Privera is larger and more geographically diversified.
• Wüest Partner: Wüest Partner is a leading Swiss real estate consultancy offering valuation, advisory, and data services across residential and commercial property. It is a direct peer to Markstein's Bewertungen (valuation) and Markstein Advisory portfolio services, competing for the same Swiss institutional mandates.

Emerging players

• Allreal Holding AG: Allreal is a Swiss real estate company combining development, investment, and selected services. While primarily a developer/investor, it intersects with Markstein's investor-and-developer offering in the Zürich/Aargau region, occasionally commissioning or competing for the same mandates.

Regional players

• Mobimo Holding AG: Mobimo is a Swiss-listed real estate company with development and investment activities concentrated in German-speaking Switzerland. While primarily a principal, its portfolio and development activity overlap with Markstein's investor and construction-trust services in the same catchment area.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/markstein_ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries7 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 Markstein