DFH
DFH Group GmbH is a Stuttgart-based real estate asset and investment manager, part of Zech Group SE, managing approximately 4.0 billion EUR across 37 office properties in Germany. It serves 53,400 private and institutional investors through asset management, fund management, investor services, and transaction management.
- Company typePrivate
- Founded1992
- HeadquartersStuttgart, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What DFH does
DFH Group GmbH is a Stuttgart-based, privately-held real estate asset and investment management firm that has operated since 1992 as part of the Zech Group SE conglomerate. The company manages approximately 4.0 billion EUR in real estate assets across 37 properties (plus 5 third-party mandates) totaling 919,000 m² of rental space in 9 German cities, including Berlin, Bonn, Hamburg, Stuttgart, and Düsseldorf. DFH's portfolio is anchored by long-duration leases to creditworthy tenants such as Allianz, AXA, Commerzbank, Mercedes-Benz, Vodafone, Fraunhofer, and various German federal and state government entities, generating approximately 180.34 million EUR in annual rental income.
DFH delivers its services through a four-pillar platform: Asset-Management (active management and value enhancement of office properties), Fondsmanagement (structuring and administering real estate funds for private and institutional investors), Investorenservice (investor relations, reporting, and communication), and Transaktions-Management (acquisitions, disposals, and due diligence). The firm serves approximately 53,400 investors across private and institutional segments and operates two wholly-owned subsidiaries — DFH PFM GmbH (facility management) and DFH ARE GmbH (real estate services) — that extend the platform into adjacent operational service lines.
The business operates on a fee-based revenue model, generating asset management fees, fund management fees, and transaction fees from approximately 4.0 billion EUR in AUM. In December 2025, DFH completed the acquisition of HGA Capital, expanding the platform; the company website is currently being revised as a result. DFH is led by two Managing Directors (Geschäftsführer), Michael Ruhl and Tobias Börsch, and is headquartered at Friedrichstraße 14, Stuttgart, Germany. No proprietary technology platform, AI/ML capabilities, patents, or external funding rounds are disclosed.
DFH firmographics
Firmographics- Name
- DFH
- Legal name
- DFH Group GmbH
- Website
- https://dfh-ag.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- DFH Group GmbH is a Stuttgart-based real estate asset and investment manager, part of Zech Group SE, managing approximately 4.0 billion EUR across 37 office properties in Germany. It serves 53,400 private and institutional investors through asset management, fund management, investor services, and transaction management.
- Ownership category
- akta.pro rank
DFH industry classification
Industry- Product category
- Commercial Real Estate Asset Management
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Discretionary Portfolio Management (DPM) (FSAAABAC)
- akta.pro secondary industry
- Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG)
Keywords
Where DFH is headquartered
LocationHeadquarters
- HQ city
- Stuttgart
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
DFH business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Asset Management Fees: Fees generated from managing real estate assets under management (AUM) for clients. DFH manages approximately 2.42 billion EUR in assets.
- Fund Management: Revenue from managing real estate funds for private and institutional investors.
- Transaction Management: Fees from managing property transactions including acquisitions and disposals.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
DFH product offering
Product offeringCore offering
DFH Group GmbH is a German real estate investment and asset management company managing approximately 4.0 billion EUR in real estate assets for private and institutional investors. The company offers four core services: Asset-Management of office and commercial properties, Fondsmanagement (investment/fund management), Investorenservice (investor relations and reporting), and Transaktions-Management (property transaction execution). DFH focuses on office and commercial real estate in Germany, with a portfolio of 37 properties totaling 919,000 m² of rental space and 180.34 million EUR in annual rental income, serving 53,400 investors across 9 German cities.
Product overview
DFH is a real estate investment and asset management company offering a unified service platform consisting of four core services: Asset-Management (Immobilien-Management), Fondsmanagement (Investment-Management), Investorenservice, and Transaktions-Management. The company manages approximately 4.0 billion euros in real estate assets across 37 properties totaling 919,000 m² of rental space, serving 53,400 investors. DFH operates as part of the Zech Group and focuses on office and commercial real estate in Germany. The company also includes two subsidiaries, DFH PFM GmbH and DFH ARE GmbH.
Differentiator
Problem solved
Functional benefit
Products and services
- Asset-Management (Immobilien-Management) Active asset management of selected office and commercial real estate at attractive German locations with creditworthy tenants, including property optimization and value enhancement services for private and institutional investors.
- Fondsmanagement (Investment-Management) Investment/fund management services for private and institutional investors, including the structuring and administration of real estate funds.
- Investorenservice
- Transaktions-Management
Quantifiable outcome
- 2.42 billion EUR Assets under Management
- +4 more outcomes
Companies that use DFH
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
DFH technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DFH partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Zech GroupcoreDFH is part of the Zech Group, functioning as the Group's real estate asset and investment management arm. This affiliation provides DFH with network access, shared resources, and strategic alignment within a larger corporate structure.
Scale indicators7 records
Recent moves4 records
Expansion highlights5 records
DFH competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
DFH social profiles
Digital presenceDFH financial estimates
Financial estimateRevenue estimate
Valuation estimate
DFH leadership team
Management profileNumber of profiles
Profiles2 records
DFH subsidiaries and ownership
Company hierarchySubsidiaries2 records
DFH funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DFH 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 DFH
What does DFH do?
DFH Group GmbH is a German real estate investment and asset management company managing approximately 4.0 billion EUR in real estate assets for private and institutional investors. The company offers four core services: Asset-Management of office and commercial properties, Fondsmanagement (investment/fund management), Investorenservice (investor relations and reporting), and Transaktions-Management (property transaction execution). DFH focuses on office and commercial real estate in Germany, with a portfolio of 37 properties totaling 919,000 m² of rental space and 180.34 million EUR in annual rental income, serving 53,400 investors across 9 German cities.
Is DFH a public or private company?
DFH is a private company. It is classified as corporate owned and is currently operating.
When was DFH founded?
DFH was founded in 1992. It employs 11 to 50 people.
Where is DFH based?
DFH is headquartered in Stuttgart, Germany, in the Europe region.
How does DFH make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are fund Management and transaction Management.
Does DFH have an API?
No public API is recorded for DFH.
What industry is DFH in?
DFH's product category is Commercial Real Estate Asset Management. Its primary akta.pro industry code is FSAAABAC, Discretionary Portfolio Management (DPM), with a secondary code of FSAHAKAG, Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF). Its NAICS code is 525 and its SIC code is 6531.