PROJECT Investment

What PROJECT Investment does

PROJECT Investment AG is a Bamberg-headquartered, privately held German stock corporation (Aktiengesellschaft) operating as an external Kapitalverwaltungsgesellschaft (capital management company) under §§ 20, 22 KAGB and supervised by BaFin. Founded in 1995, the company is the holding entity of the PROJECT Investment Gruppe and structures, manages, and administers a portfolio of closed-end Alternative Investment Funds (Publikums-AIF and Spezial-AIF) that channel retail capital into German metropolitan real estate development through Immobilienentwicklungsgesellschaften and property development entities. The current AIF line-up spans roughly twenty-four named vintages across the STRATEGIE, REAL EQUITY, REALE WERTE, Wohnen, and Metropolen product families, with most earlier vintages flagged i.L. (in liquidation) and the more recent Metropolen 16–22, Wohnen 15, and Wohnen Fünf Metropolen series actively marketed.

The operating stack is built around regulatory and administrative services rather than proprietary technology. The company maintains an Anlegerportal at anleger.project-investment.de that gives registered investors digital access to fund holdings, statutory disclosures, tax result notifications, and personal data updates. Fund administration is delegated to the wholly-owned subsidiary PROJECT Fondsverwaltung GmbH, while regulatory support functions are sourced from third parties — Asservandum Rechtsanwaltsgesellschaft mbH as custodian (effective 15 February 2026), Liberty Specialty Markets Europe S.à.r.l. and W.R. Berkley Europa AG as professional liability insurers under § 25 KAGB, and Coseco GmbH as external data protection officer. Distribution is sales-led and strictly domestic, executed through regulated investor channels with mandatory prospectus delivery, investor qualification, and advice processes; no AI/ML, public marketing, or international distribution is present in the disclosed footprint.

Name

PROJECT Investment

Legal name

PROJECT Investment AG

Website

https://project-investment.de

Company type

Private

Founded year

1995

Operating status

Operating

Short description

PROJECT Investment AG is a BaFin-regulated German Kapitalverwaltungsgesellschaft managing twenty-four closed-end Alternative Investment Funds that channel retail capital into real estate development across German metropolitan regions.

Ownership category

akta.pro rank

Product category

Real Estate Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC), Project Finance Capital Raising Intermediation (FSAEALAJ)

Keywords

• Real estate funds
• Closed-end AIFs
• Fund management
• Capital management company
• Property development investment

Headquarters

HQ city

Bamberg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: As an external Kapitalverwaltungsgesellschaft (capital management company) under KAGB, PROJECT Investment AG generates revenue through management fees from administering closed-end Alternative Investment Funds (Publikums-AIF and Spezial-AIF) that invest in real estate development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

PROJECT Investment AG operates as an external Kapitalverwaltungsgesellschaft (capital management company) regulated under §§ 20, 22 KAGB by BaFin, managing closed-end Alternative Investment Funds (Publikums-AIF and Spezial-AIF) that invest in real estate development through intermediate property development companies in German metropolitan markets. The offering comprises multiple fund series — PROJECT Fonds STRATEGIE, PROJECT REAL EQUITY, PROJECT REALE WERTE, PROJECT Wohnen, PROJECT Metropolen — supplemented by a digital investor portal (Anlegerportal) for holdings management, document access, and statutory disclosures.

Product overview

PROJECT Investment AG operates as an external Kapitalverwaltungsgesellschaft (capital management company) under KAGB regulations, managing a portfolio of closed-ended Alternative Investment Funds (AIFs) focused on real estate development. The company's product portfolio consists of multiple fund series — PROJECT Fonds STRATEGIE, PROJECT REAL EQUITY, PROJECT REALE WERTE, PROJECT Wohnen, and PROJECT Metropolen — each investing in Immobilienentwicklungsgesellschaften (real estate development companies) that acquire land, plan, and execute construction projects. The offering is complemented by the Anlegerportal, a digital investor portal enabling clients to access fund holdings, update personal data, receive electronic communications and statutory disclosures, and manage their investment relationships digitally.

Differentiator

Problem solved

Functional benefit

Products and services

• PROJECT Fonds STRATEGIE
• PROJECT REAL EQUITY
• PROJECT REALE WERTE
• PROJECT Wohnen
• PROJECT Metropolen
• PROJECT Wohnen Fünf Metropolen
• Anlegerportal (Investor Portal)
• PROJECT Investment AG (Kapitalverwaltungsgesellschaft)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and support.

• Asservandum Rechtsanwaltsgesellschaft mbHcoreOthers · 15 February 2026Asservandum Rechtsanwaltsgesellschaft mbH serves as the new custodian (Verwahrstelle) for PROJECT Investment funds, effective February 15, 2026. This regulatory role involves safekeeping of fund assets as required under KAGB. No costs arise for fund participants from this custodian transition.
• Coseco GmbHsupportStrategic or Co-development PartnerCoseco GmbH provides external data protection officer (Datenschutzbeauftragter) services to PROJECT Investment AG, PROJECT Fondsverwaltung GmbH, and the Kapitalverwaltungsgesellschaft function. Located at Albertus-Magnus-Straße 2, 86836 Graben. Contact via [email protected].
• Liberty Specialty Markets Europe S.à.r.lsupportOthersLiberty Specialty Markets Europe S.à.r.l (Cologne branch) provides professional liability insurance (Berufshaftpflichtversicherung) for PROJECT Investment AG as required under § 25 KAGB to cover potential professional liability risks from fund management activities.
• W.R. Berkley Europa AGsupportOthersW.R. Berkley Europa AG (Cologne branch) co-provides professional liability insurance (Berufshaftpflichtversicherung) for PROJECT Investment AG as part of the mandatory insurance coverage required under KAGB for capital management companies.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• wealthcap: Munich-based German real estate fund manager (part of Union Investment/Genossenschaftliche FinanzGruppe) managing closed-end real estate funds for retail and institutional clients. Closely comparable AIF management business with retail distribution focus.
• Habona Invest: Frankfurt-based German capital management company focused on retail-investor AIFs investing in German real estate development. Directly comparable business model to PROJECT's Publikums-AIF strategy targeting Anleger.
• KanAm Grund Kapitalverwaltungsgesellschaft: Frankfurt-based BaFin-regulated KVG managing German real estate investment funds for retail and institutional investors. Highly comparable to PROJECT as a similarly-sized German real estate AIF manager with closed-end fund structures.
• Hansainvest Hanseatische Investment-GmbH: Hamburg-based German capital management company (part of SIGNAL IDUNA Gruppe) managing real estate and other alternative investment funds under KAGB. Comparable regulated KVG with similar retail/institutional fund structure.
• Becker & Kries Asset Management GmbH: Berlin-based German real estate investment manager operating since the 1990s, focused on development projects and closed-end real estate funds for institutional and private investors. Closely comparable mid-sized German real estate KVG.
• HIH Real Estate: Hamburg-based German real estate investment manager (formerly Warburg-HIH) managing closed and open-ended real estate funds for institutional and semi-institutional investors. Comparable AIF management structure with German focus.
• Catella Real Estate AG: German arm of Catella Group managing real estate investment funds focused on European residential and commercial assets. Comparable as a regulated KVG with multi-vintage fund offerings in the German market.
• LIP Invest GmbH: Hamburg-based specialized German logistics and real estate investment manager operating closed-end AIFs. Comparable as a mid-sized German KVG with a focused real estate fund strategy.

Broad incumbents

• PATRIZIA SE: Augsburg-headquartered, publicly-listed German real estate investment manager with €50B+ AUM across open-ended and closed-end funds. A much larger incumbent operating in the same German real estate fund management space.
• KGAL GmbH & Co. KG: Grünwald/Munich-based German asset manager with a broader alternative investments platform including real estate, infrastructure, and aviation. A larger incumbent offering real estate fund products in the German market.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/project-investment-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 PROJECT Investment