May & Co

What May & Co does

May & Co. is a family-owned German real estate company founded in 1983 by Michael May, headquartered in Hamburg with a secondary office in Itzehoe and operations through subsidiary Concarus Real Estate Invest GmbH in Berlin. The group operates across three integrated business lines: Development (project development of retail, logistics, hotel, residential, and office properties plus land and quarter development), Investment (acquisition of existing properties in opportunistic and value-add segments), and Asset-Management (full-lifecycle property management for both own and third-party portfolios). The company has completed more than 400 real estate investments since 1983 and currently manages 2.3 million sqm of rental space, with 1.3 million sqm of assets under management and approximately 70 hectares of developable land bank across Germany.

The business model is asset-heavy and multi-revenue-stream: rental income and capital appreciation from owned properties, development fees and value creation from project execution, and recurring asset management fees from third-party clients. Acquisition and tenant relationships are sourced through direct relationships and a long-tenured network rather than a marketing-based sales motion. Select customers are offered co-investment opportunities alongside the firm's own capital. The technology stack is anchored on Yardi Voyager S as the central property and portfolio management platform.

The customer base is anchored by credit-grade enterprise tenants including Amazon, EDEKA, Kaufland, Dirk Rossmann, Woolworth, KiK, Toom Baumarkt, Hermes, Rudolph Spedition und Logistik, Prizeotel, and LIDL, with additional municipal counterparties such as Saga Unternehmensgruppe. Long-term leases (e.g., EDEKA's 20-year commitment at Mümmelmannsberg) provide income stability. The company is governed by three generations of the May family (Michael May, Maximilian May, Alexander May) and structured under May & Co. Holding GmbH with wholly-owned operating subsidiaries covering development, logistics, retail revitalization, and property management.

Name

May & Co

Legal name

May & Co. Holding GmbH

Website

https://may-co.de

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

May & Co. is a family-owned German real estate developer, investor, and asset manager founded in 1983, serving property owners, tenants, and co-investors across retail, logistics, hotel, residential, and office asset classes in Germany.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Real Estate Property Managers (53131), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Real Estate (6500), Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Land & Development Site Brokerage (BPAJABAG)

akta.pro secondary industries

Mixed-Use Property Management (BPAJAGAE), Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB)

Keywords

• Commercial real estate development
• Real estate investment management
• Property asset management
• Logistics real estate
• Retail property development

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: May & Co. develops properties in retail, logistics, hotel, residential, and office asset classes, earning development fees and creating value through project execution.
2. Real Estate Investment: May & Co. invests in existing properties (opportunistic and value-add segments) generating rental income and capital appreciation. Offers co-investment opportunities to select customers.
3. Asset Management Services: May & Co. provides comprehensive asset management services over the entire lifecycle of properties, including cost optimization, leasing optimization, redevelopment potential, and timing for sale. Services are provided for both their own portfolio and third-party clients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

May & Co is an owner-managed project developer, investor, and asset manager that develops, acquires, and manages commercial real estate across food-anchored retail, logistics, hotel, residential, and office asset classes in Germany. The company executes transactions from its own capital base, manages 2.3 million sqm of rental space, and offers co-investment opportunities alongside selected clients. Comprehensive asset management is delivered over the full lifecycle of each property, including cost and leasing optimization, redevelopment analysis, and sale timing.

Product overview

May & Co. is a North German family-owned real estate company founded in 1983 with operations organized into three core business areas: Development (real estate project development across retail, logistics, hotel, residential, and office, plus land development), Investment (acquisition of existing properties in opportunistic and value-add segments), and Asset-Management (full lifecycle property management services powered by Yardi Voyager S). The company's portfolio includes managed properties such as the Prizeotel hotel brand (Hamburg-St. Pauli, Hamburg-City, Hannover-City, Erfurt-City), Camp Reinsehlen nature hotel, logistics centers (LOG Park Berlin Schönefeld, Amazon Sortier-Zentrum Kiekebusch, Logistikzentrum Gautzsch, Mamming, Poseidon, Ostring Gewerbepark), retail centers (Fachmarktzentrum Tor zur Stadt, Toom Baumarkt Ahrensburg, Edeka Itzehoe, Quartierszentrum Mümmelmannsberg), office buildings (Bürohaus Kiel), and solar power installations (PV-Anlage Schortens, Jarmen, Gera, Bardowick).

Differentiator

Problem solved

Functional benefit

Products and services

• Development Project development of commercial real estate across large-scale retail, logistics, hotel, residential, and office asset classes, including whole-quarter and land development projects. Provided for property owners, investors, and tenants seeking built-to-suit commercial real estate in Germany.
• Investment Acquisition of existing properties in opportunistic and value-add segments across retail, logistics, hotel, residential, office, special-use, and large-scale conversion asset classes. May & Co invests from its own capital base and offers co-investment participation to selected qualified investors.
• Asset-Management Comprehensive lifecycle property management service covering cost optimization, occupancy management, renovation and expansion potential analysis, and timing for sale, supported by the Yardi Voyager S central software platform. Delivered for both May & Co.'s own portfolio and third-party clients.

Named customers12 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Saga UnternehmensgruppecoreOthers · 28 May 2019Saga Unternehmensgruppe sold a 4,500 sqm developed property at Kandinskyallee in Hamburg Mümmelmannsberg to May & Co. for the development of a new retail quarter center.
• PflugfeldercoreStrategic or Co-development Partner · 9 April 2019Joint venture partnership for LOG Park Berlin Schönefeld project. May & Co. and Pflugfelder jointly developed a 370,000 sqm logistics park with 130,000 sqm of modern logistics space across four building sites. Pflugfelder is a real estate full-service provider from Stuttgart region with activities in residential, commercial, and logistics development.
• Allen & Overy HamburgminorImplementation/ SI/ Consulting Partner · 9 April 2019Legal advisor to the investors side for LOG Park Berlin Schönefeld transaction.
• CBREminorImplementation/ SI/ Consulting Partner · 9 April 2019Advisory role on tenant side for LOG Park Berlin Schönefeld transaction.
• Eversheds MünchenminorImplementation/ SI/ Consulting Partner · 9 April 2019Advisory role on tenant side for LOG Park Berlin Schönefeld transaction.
• YardicoreTechnology or IntegrationSoftware provider for asset management operations. May & Co. uses Yardi Voyager S as the central software and data platform for property management.
• Concarus Real Estate Invest GmbHminorStrategic or Co-development PartnerFounded by May & Co. in 2009 in Berlin, focused on revitalization of shopping centers and retail properties.
• Prize Holding GmbHminorStrategic or Co-development PartnerMay & Co. participated in Prize Holding GmbH from 2012, entering the development of economy-design hotels (prizeotel). May & Co. exited this participation successfully.

Scale indicators7 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Becken Gruppe: Hamburg-based family-owned real estate developer and investor with German-wide activities. Comparable to May & Co.'s developer-investor model, holding structure, and mixed-asset approach.
• ECE Marketplaces: Hamburg-based operator and developer of shopping centers across Europe. Directly comparable to May & Co.'s food-anchored retail and large-scale retail park development activities.
• Panattoni: European logistics real estate developer with strong German operations. Comparable to May & Co.'s large logistics park deliveries (e.g., LOG Park Berlin Schönefeld) and built-to-suit for e-commerce tenants.
• Quantum Immobilien: Hamburg-based German project developer of commercial, residential, and mixed-use real estate. Comparable to May & Co.'s mixed-use development and investment focus in Northern Germany.
• Garbe Group: German logistics and industrial real estate developer, investor, and asset manager. Closely comparable to May & Co. Logistik and the firm's logistics build-to-suit and value-add strategy.
• Ten Brinke Group: European (Dutch-German) real estate developer active in residential, commercial, and logistics development. Comparable to May & Co.'s multi-asset development portfolio and DACH geographic focus.
• Deutsche Industrie REIT: Frankfurt-listed REIT focused on German industrial and logistics real estate. Comparable to May & Co.'s industrial/logistics asset class and German geographic focus, though with a different capital structure.

Broad incumbents

• Corestate Capital: German real estate investment manager and developer covering multiple asset classes. Comparable to May & Co.'s investment and asset-management service lines, though broader in product offering.
• Hillwood: U.S.-based logistics real estate developer with European operations. Comparable to May & Co.'s e-commerce logistics focus, though at substantially larger scale and with broader geographic reach.

Emerging players

• GPEP German Property Entertainment Pool: German retail real estate investment platform focused on shopping centers and retail parks. Comparable to May & Co.'s retail concentration, though operating more as an investment platform than integrated developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/may-co-holding-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 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 May & Co