What pwr development does

pwr development GmbH is a Berlin-based real estate project development and asset management company founded in 2015 as the German operating subsidiary of Aermont Capital (which originated from Perella Weinberg Partners). The company specializes in complex inner-city urban quarter development, with a vertical integration spanning acquisition, project development, asset management, and investment management services for institutional investors. Its flagship and currently dominant project is AM TACHELES in Berlin-Mitte — a mixed-use development on the approximately 25,300 m² former Tacheles site acquired in 2014, designed under the artistic direction of Herzog & de Meuron in collaboration with Grüntuch Ernst Architekten, Brandlhuber + Muck Petzet, and Kahlfeldt Architekten.

The project delivers roughly 85,000 m² of usable space across seven residential buildings (275 condominiums ranging from 25 m² to 250 m²), three office buildings (~42,500 m² of lettable office space), and approximately 12,000 m² of retail space arranged around public squares and passages, including the 9,000 m² Aaron-Bernstein-Platz. Funding came from a €601 million project loan consortium led by DZ HYP, with major construction executed by Köster GmbH (underground), Implenia/Stump/Keller ARGE (excavation and foundations), and Hochtief Infrastructure (above-ground). The development integrates heritage elements such as the restored former Kunsthaus Tacheles (now home to Fotografiska) and adds public amenities including ~170 planted trees and ~1,200 bicycle parking spaces.

The business model combines one-time residential condominium sales (with ~90% pre-sold before completion), recurring commercial rental income from office, retail, hospitality and cultural tenants (including REWE, Rossmann, and Fotografiska), and professional services revenue from asset management and investment management for Aermont Capital–affiliated funds. Distribution is handled through direct sales, a captive subsidiary (AM TACHELES Residential Development GmbH), and a partner network including Engel & Völkers, Homebase Realestate, and Immobilien Projekt Marketing. The company employs approximately 10 people and is headquartered at Rosenthaler Straße 42, Berlin-Mitte.

Name

pwr development

Legal name

pwr development GmbH

Website

https://pwrdevelopment.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

pwr development GmbH is a Berlin-based real estate project developer and asset manager that builds mixed-use urban quarters for Aermont Capital, currently delivering the AM TACHELES development (~85,000 m², 275 condominiums, offices, retail) in Berlin-Mitte.

Ownership category

akta.pro rank

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure

Revenue model

1. Residential Property Sales: Sale of high-end residential apartments and units to individual buyers. The company sells Eigentumswohnungen (condominiums) ranging from small apartments to large city apartments. Approximately 77-90% of apartments are pre-sold before completion.
2. Commercial Property Leasing: Leasing of commercial spaces including retail, office, and hospitality spaces. The company rents approximately 41,500 m² of office space and 12,000 m² of retail space. Two-thirds of commercial spaces are already leased.
3. Asset Management Services: Active asset management services including strategic repositioning, restructuring, and optimization of properties. Focuses on improving property performance and tenant satisfaction.
4. Investment Management: Investment management services including acquisition, due diligence, development studies, structuring of acquisition companies and financing, and contract negotiations for investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

pwr development is a real estate project development company that acquires, develops, and dispositions mixed-use urban quarters in central Berlin. It sells high-end residential condominiums (Eigentumswohnungen) directly to individual buyers, leases office, retail, and cultural commercial spaces to businesses, and provides fee-based asset management and investment management services to institutional real estate investors. Its flagship project is AM TACHELES, an approximately 85,000 m² mixed-use development in Berlin-Mitte designed in collaboration with Herzog & de Meuron.

Product overview

pwr development is a German real estate project development company specializing in urban inner-city development. The company operates three main service areas: Project Development (Projektentwicklung), Asset Management, and Investment Management. The flagship project is the AM TACHELES city quarter in Berlin-Mitte, developed through its subsidiary AM TACHELES Residential Development GmbH. The company creates sustainable, user-oriented urban spaces including residential housing, retail, innovative workspaces, and hotels, managed through vertical integration from acquisition to sale.

Differentiator

Problem solved

Functional benefit

Products and services

• AM TACHELES Urban Quarter
• AM TACHELES Residential Development GmbH (Condominium Sales Service)
• Asset Management Services

Quantifiable outcome

• 90% of 275 residential apartments sold before completion
• +2 more outcomes

Named customers3 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

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Herzog & de MeuroncoreStrategic or Co-development PartnerInternationally renowned Swiss architectural firm providing overall artistic direction and urban planning concept for AM TACHELES. Responsible for the main passage building, restoration of the former Tacheles building, and ensuring architectural harmony across all building typologies.
• Grüntuch Ernst ArchitektenmajorStrategic or Co-development PartnerBerlin-based architectural firm responsible for planning the hotel on Oranienburger Straße, an adjacent residential building, and a commercial/residential building at the city square.
• Brandlhuber + Muck PetzetmajorStrategic or Co-development PartnerArchitectural partnership responsible for the building section adjacent to Johannishof, including housing and retail on ground floor, and an opposite residential building.
• Kahlfeldt ArchitektenmajorStrategic or Co-development PartnerBerlin architectural firm commissioned with the renovation of buildings at Friedrichstraße 112 a and b.
• Köster GmbHmajorImplementation/ SI/ Consulting PartnerMittelstand construction company from Osnabrück responsible for underground construction work (43,000 m² gross floor area in 5 construction phases until early 2020) and later structural work.
• Hochtief InfrastructuremajorImplementation/ SI/ Consulting PartnerRenowned construction company appointed as general contractor for above-ground construction work starting in 2019.
• Implenia, Stump, Keller (ARGE)majorImplementation/ SI/ Consulting PartnerJoint venture of construction firms responsible for excavation and foundation work including 325,000 cubic meters of excavation at depths up to 12 meters, completed in Q1 2020.
• Vogt LandschaftsarchitektenminorImplementation/ SI/ Consulting PartnerLandscape architecture firm responsible for the overall landscape planning concept including public spaces, plazas, and memorial sites.
• AM TACHELES Residential Development GmbHcoreChannel Partner/ Reseller/ DistributorWholly-owned subsidiary established to handle the specialized requirements of marketing and sales of high-quality Eigentumswohnungen. Located at Oranienburger Strasse 37, 10117 Berlin.
• Homebase Realestate GmbHminorChannel Partner/ Reseller/ DistributorReal estate sales partner based at Kurfürstendamm 103/104, 10711 Berlin, involved in property sales.
• Engel & Völkers (EuV Projekte Berlin GmbH)minorChannel Partner/ Reseller/ DistributorMajor international real estate agency participating in sales of the project properties at Joachimsthaler Straße 1, 10623 Berlin.
• Studio For Space GmbHminorStrategic or Co-development PartnerProject partner located at Oranienburger Straße 37, 10117 Berlin.
• Immobilien Projekt Marketing GmbHminorChannel Partner/ Reseller/ DistributorProject marketing company based at Hopfensack 6, 20457 Hamburg, responsible for marketing activities.

Scale indicators11 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Bauwert GmbH: Berlin-based residential and mixed-use project developer with a comparable German urban development focus. Both companies pursue premium infill development in German metropolitan markets using an integrated development approach.
• Quantum Immobilien AG: German project developer specializing in inner-city mixed-use quarters, with notable Berlin and Frankfurt projects. Comparable to pwr development in delivering architecture-led urban regeneration schemes anchored by residential, retail, and office uses.
• PANDION AG: German premium residential and mixed-use developer with a strong Berlin-Cologne presence. Comparable in targeting high-end urban residential buyers and integrating commercial uses into large German city developments.
• Euroboden GmbH: Munich-based developer of premium residential and mixed-use urban projects. Like pwr development, Euroboden pursues architecture-driven design and urban regeneration in top German metros.
• Centrum Holding GmbH: Berlin-focused real estate developer active in retail-anchored inner-city schemes. Overlaps with pwr development's AM TACHELES retail footprint and Berlin-Mitte location strategy.
• Becken Holding GmbH & Co. KG: German real estate developer and investor focused on office, hotel, and residential projects in top German cities. Operates with comparable vertical integration from acquisition through asset management.
• Aggregate Holdings Real Estate GmbH: German property developer focused on inner-city residential and mixed-use projects, including the Großmarkthalle Frankfurt. Comparable scale of master-planned urban regeneration in Germany.

Broad incumbents

• ECE Projekt GmbH & Co. KG: Large Hamburg-based developer and operator of inner-city shopping centers across Europe. Broad incumbent with overlapping inner-city commercial development expertise and an asset-management profile comparable to pwr development's commercial leasing activity.
• Tishman Speyer: Global real estate developer and asset manager with a Berlin office portfolio (e.g., Sony Center). Shares pwr development's premium mixed-use and asset-management approach at a much broader, multi-city scale.
• Hines Europe Real Estate: Global developer and fund manager with active German mixed-use and office projects. Comparable large-scale urban master-planning, asset management, and institutional investor backing model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pwr-development-gmbh

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 pwr development