Captiva
Captiva is a Hamburg-based independent real estate investment and asset manager serving German institutional investors (insurers, pension funds, savings banks, sovereign wealth funds) across grocery retail, healthcare, DIY, office, and logistics real estate via regulated Spezial-AIF funds and bespoke investment vehicles.
- Company typePrivate
- Founded2001
- HeadquartersHamburg, Germany
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Captiva does
Captiva Investment Management GmbH is a Hamburg-based, privately held real estate investment and asset manager founded in 2001, serving institutional capital investors — primarily German insurance companies, pension and welfare funds, savings banks (Sparkassen) and cooperative banks, and sovereign wealth funds. The firm develops individual investment strategies for each institutional client and implements them through regulated Spezial-AIF vehicles via third-party Service KVGs (Universal-Investment, IntReal) and via Captiva Principal Investments for non-regulated, bespoke structures. Captiva invests across all major German commercial real estate asset classes — neighborhood supply and grocery retail (EDEKA, REWE, ALDI), healthcare (medical centers, MVZs, assisted living), DIY/garden centers (OBI, Hellweg, Hornbach), office, and light-industrial/logistics — covering the full risk/return spectrum from core to value-add. Operationally, the firm originates deals through a network of recurring developer and institutional seller relationships (e.g., RATISBONA Handelsimmobilien, KRE Group, MAS Real Estate, MedicalCube Gruppe, 777 Capital Partners, Tikehau Capital) and reports a portfolio occupancy of approximately 99%, average fund distributions of approximately 7%, and over €15 billion in cumulative transaction volume since inception.
Captiva firmographics
Firmographics- Name
- Captiva
- Legal name
- Captiva Investment Management GmbH
- Website
- https://captivacapital.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Captiva is a Hamburg-based independent real estate investment and asset manager serving German institutional investors (insurers, pension funds, savings banks, sovereign wealth funds) across grocery retail, healthcare, DIY, office, and logistics real estate via regulated Spezial-AIF funds and bespoke investment vehicles.
- Ownership category
- akta.pro rank
Captiva industry classification
Industry- Product category
- Real Estate Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
- akta.pro secondary industries
- Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)
Keywords
Where Captiva is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Captiva business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Asset Management Fees: Fees charged for managing real estate assets on behalf of institutional investors through investment programs and special funds.
- Performance-based Income: Captiva funds achieve approximately 7% distributions annually, suggesting performance-based income structures.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Captiva product offering
Product offeringCore offering
Captiva is a real estate investment and asset manager for German institutional investors, including insurance companies, pension funds, welfare funds, savings banks, and sovereign wealth funds. It develops individualized investment strategies together with clients and implements them through regulated Spezial-AIF funds and individually structured investment programs covering healthcare, neighborhood supply/grocery, DIY, office, light industrial/logistics, and quarter development asset classes.
Product overview
Captiva is a real estate investment and asset manager for institutional investors (insurances, pension funds, savings banks, and sovereign wealth funds). The company operates as a platform offering multiple specialized investment funds and asset management services. Core products include healthcare real estate funds (Captiva Gesundheitsimmobilien Deutschland 1 and 2), DIY retail funds (DIY Value I and II), and a retail-focused fund (Real Rendite UI). Asset classes span grocery/retail (Nahversorgung), healthcare properties, DIY stores, office, light industrial/logistics, and quarter developments. The company also offers individual investment structures through Captiva Principal Investments for non-regulated products.
Differentiator
Problem solved
Functional benefit
Products and services
- Captiva Gesundheitsimmobilien Deutschland 1 An open-ended real estate special AIF focused on healthcare properties in Germany, including medical centers, physicians' houses, and assisted living facilities. Target volume of approximately €300 million (later referenced as €310 million), administered by IntReal as Service KVG. Targeted at institutional investors.
- Captiva Gesundheitsimmobilien Deutschland 2 Second healthcare real estate fund launched in December 2020 with a target volume of €500 million, focusing on medical centers, physicians' houses, and assisted living facilities in Germany. Fully invested by 2022. Targeted at institutional investors and administered by IntReal as Service KVG.
- DIY Value I Special fund investing in DIY and home improvement store properties in Germany, managed by INTREAL as Service KVG. Invests in properties rented to major retailers such as Hellweg (97 locations in Germany and Austria). Targeted at institutional investors.
- DIY Value II Second DIY-focused special fund acquiring properties rented to OBI (Tengelmann Group) with 18-year leases. Total transaction volume of approximately €96 million for initial 7 OBI stores. Targeted at institutional investors.
- Real Rendite UI – Segment CC Retail Special fund administered by Universal-Investment focusing on retail and grocery real estate properties in Germany. Targeted at institutional investors.
- Captiva Principal Investments Platform for unregulated products and individual investment structures, focusing on value-add investments, development potential, and Core/Core+ opportunities that do not fit regulated vehicles. Used for bespoke institutional mandates and transactions such as the KAP AG production site acquisition in Fulda.
Quantifiable outcome
- Average fund distribution rate of approximately 7%
- +2 more outcomes
Companies that use Captiva
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
Captiva technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Captiva partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- THI HoldingminorTHI Holding sold the Lindenquartier new construction project in Peine to Captiva and Universal-Investment, consisting of residential/commercial and EDEKA E-Center components.
- MedicalCube GruppeminorMedicalCube Gruppe sold the MedicalCube healthcare ensemble in Rosenheim to Captiva, consisting of a medical center and service building with approximately 11,340 m² of rental space.
- 777 Capital Partnerscore777 Capital Partners sold the Oberpfalz-Arkaden neighborhood center to Captiva in a forward deal arrangement. They developed the property and will continue to be responsible for development until completion.
- HTB Hanseatische Fondshaus GmbHminorHTB sold the Alte Spinnerei health and service center in Bayreuth to Captiva, a historically significant 19th-century property converted to healthcare use.
- RATISBONA HandelsimmobiliencoreRATISBONA Handelsimmobilien sold multiple retail property portfolios to Captiva, including 10 and 9 food markets respectively. They are a Regensburg-based developer specializing in food retail and specialist retail centers.
- KAP AGminorKAP AG sold a production site in Fulda to Captiva Principal Investments. The property includes approximately 85,000 m² of rental space on 14 hectares of land.
- KRE GroupcoreKRE Group from Bamberg sold two long-term rented new construction quarters in Bavaria to Captiva as part of the Captiva Gesundheitsimmobilien Deutschland 2 fund start portfolio.
- MAS Real Estate Inc.coreMAS Real Estate Inc. sold a portfolio of 23 EDEKA-leased retail properties to Captiva. The portfolio included supermarkets, discount stores, and cash & carry markets.
- HHC (Healthcare Company)coreCaptiva and HHC collaborate on healthcare real estate, with focus on medical practices and medical care centers. The partnership leverages HHC's healthcare sector expertise.
Scale indicators15 records
Recent moves6 records
Expansion highlights6 records
Captiva competitors and assessment
Company assessmentBroad incumbents
- Union Investment Real Estate: Hamburg-headquartered institutional real estate investment arm of Union Investment Group with €50B+ real estate AUM. Large established incumbent operating across all major European CRE sectors with deep institutional relationships comparable to Captiva's LP base.
- Tikehau Capital: Paris-listed global alternative asset manager with €50B+ AUM across real estate, private debt, and private equity. Existing co-investment partner of Captiva; broader incumbent with significantly larger scale and product breadth.
- Deka Immobilien: Frankfurt-based institutional real estate manager owned by DekaBank/Sparkassen group with €40B+ real estate AUM. Very large German incumbent serving savings banks and institutional clients; represents the scaled competitor that mid-size managers like Captiva must differentiate against.
Direct peers
- DIC Asset AG: Frankfurt-listed German commercial real estate manager with ~€15B AUM across core, value-add, and opportunistic strategies. Comparable institutional CRE platform; differs in being publicly listed and having a broader office/retail focus.
- Hamburg Trust: Hamburg-headquartered German real estate investment and asset manager focused on commercial real estate for institutional investors. Direct geographic and operational peer to Captiva, also based in Hamburg, with overlapping food retail and office investment strategies.
- Art-Invest Real Estate: Cologne-based German real estate investment manager focused on commercial real estate across office, retail, hotel, and residential for institutional investors. Comparable in size, mandate, and target LP base to Captiva, with a similarly diversified asset class focus.
- Wealthcore Investment Management: Munich-based German real estate investment manager serving institutional investors with regulated funds and individual investment structures. Comparable mid-sized institutional asset manager with overlapping commercial real estate focus and fund platform model.
- KanAm Grund Group: Frankfurt-based German real estate investment manager with institutional and semi-institutional focus across European commercial real estate. Comparable mid-sized CRE platform with transatlantic reach and regulated fund structures similar to Captiva's Spezial-AIF model.
- Catella Real Estate: Stockholm-headquartered European real estate investment manager with significant German operations. Comparable institutional CRE fund manager operating across multiple European markets with pan-European institutional client base.
- Garbe Industrial Real Estate: Hamburg-based German logistics and industrial real estate investment manager. Comparable German institutional real estate platform with strong logistics focus that overlaps with Captiva's Light Industrial & Logistics asset class.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Captiva social profiles
Digital presenceCaptiva financial estimates
Financial estimateRevenue estimate
Valuation estimate
Captiva leadership team
Management profileNumber of profiles
Profiles5 records
Captiva subsidiaries and ownership
Company hierarchySubsidiaries3 records
Captiva funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Captiva M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Captiva
What does Captiva do?
Captiva is a real estate investment and asset manager for German institutional investors, including insurance companies, pension funds, welfare funds, savings banks, and sovereign wealth funds. It develops individualized investment strategies together with clients and implements them through regulated Spezial-AIF funds and individually structured investment programs covering healthcare, neighborhood supply/grocery, DIY, office, light industrial/logistics, and quarter development asset classes.
Is Captiva a public or private company?
Captiva is a private company. It is classified as management employee owned and is currently operating.
When was Captiva founded?
Captiva was founded in 2001. It employs 51 to 100 people.
Where is Captiva based?
Captiva is headquartered in Hamburg, Germany, in the Europe region.
How does Captiva make money?
Two revenue lines are on record. Asset Management Fees are the primary driver. The others are performance-based Income.
Who are Captiva's main competitors?
Broad incumbents on record are Union Investment Real Estate, Tikehau Capital and Deka Immobilien. Direct peers are DIC Asset AG, Hamburg Trust, Art-Invest Real Estate, Wealthcore Investment Management, KanAm Grund Group, Catella Real Estate and Garbe Industrial Real Estate.
Does Captiva have an API?
No public API is recorded for Captiva.
What industry is Captiva in?
Captiva's product category is Real Estate Asset Management. Its primary akta.pro industry code is BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation), with a secondary code of BPAJANAF, Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships). Its NAICS code is 523940 and its SIC code is 6282.