AGROB Immobilien

What AGROB Immobilien does

AGROB Immobilien AG (Börse München: AGR3; HRB 41185) is a publicly listed German real estate company that develops and manages the AGROB Medien- und Gewerbepark, a 35-hectare media and commercial campus in Ismaning, Bavaria, immediately north of Munich. The company traces its origins to 1867 as a brickworks and ceramics manufacturer; it divested its industrial operations to Deutsche Steinzeug Cremer & Breuer AG in 1992 and began repurposing its ~405,000 m² landholding as a media-oriented property starting in 1993. The park today houses approximately 100,000 m² of rental space across offices, production studios, and broadcasting/transmission facilities for media-sector tenants, with 96% occupancy reported for 2024 and an estimated 44,000 m² of additional build-out potential on existing land.

The core product is purpose-built media and broadcast infrastructure. The campus is equipped with large-dimensioned satellite systems, parabolic antennas, and fiber optic cabling — features that are difficult and capital-intensive to replicate and that directly serve the connectivity requirements of broadcasting, TV, radio, film, and streaming tenants. The disclosed tenant roster includes Antenne Bayern, Bayerischer Rundfunk, ARRI, DAZN, SPORT1, Plazamedia, HSE24, Janus TV, and Funke Zeitschriftenverlag, forming a recognized media cluster adjacent to Unterföhring. In addition to the existing built stock, AGROB is developing the SET new-build project — three buildings totaling ~10,322 m² of office, showroom, and gastro space with 135 underground parking spaces — with leasing routed through exclusive letting partner Colliers International Deutschland GmbH.

Revenue is generated almost entirely through annual rental income from direct leases with media-sector tenants. FY2024 reported revenue (Umsatzerlöse) was €12.3 million with EBITDA of €6.8 million; rental income excluding ancillary costs was approximately €10.2 million. The wider balance sheet shows total assets of €150.8 million, NAV of €177.8 million (€45.64 per share), and real estate market value of €207.8 million (2020 appraisal). Since 2022 AGROB has operated under a Beherrschungs- und Gewinnabführungsvertrag (domination and profit transfer agreement) with its majority shareholder RFR InvestCo 1 GmbH, which holds 94.25% of common shares and 73.98% of preferred shares; the company is run with 8 employees, reflecting an asset-light operating model relative to property value.

Name

AGROB Immobilien

Legal name

AGROB Immobilien AG

Website

https://agrob-ag.de

Company type

Public

Founded year

1867

Operating status

Operating

Headcount range

1–10 employees

Short description

AGROB Immobilien AG (Börse München: AGR3) develops and manages the AGROB Medienpark, a 35-hectare media and commercial campus in Ismaning near Munich, leasing office, studio, and broadcasting facilities to German media tenants under long-term rental agreements.

Ownership category

akta.pro rank

Headquarters

HQ city

Ismaning

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Office and Studio Rental Income: AGROB generates recurring rental income from tenants leasing Büros (offices), Produktionsstudios (production studios), and Sendeeinrichtungen (broadcasting facilities) across the AGROB Medienpark. Rental income (without ancillary costs) was approximately €10.2 million. This is the primary revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

AGROB Immobilien AG operates and develops the AGROB Medien- und Gewerbepark in Ismaning, north of Munich. The company leases offices, production studios, and broadcasting/transmission facilities to media companies across approximately 100,000 m² of rental space on a 35-hectare campus. It also develops new properties such as the SET new-build project offering modern office, showroom, and gastronomy space.

Product overview

AGROB Immobilien AG operates a single-property, owner-led real estate business centered on the AGROB Medien- und Gewerbepark in Ismaning, Bavaria. The portfolio consists of the core Medienpark (35 hectares, ~100,000 m² of lettable area across existing buildings housing media tenants), supplemented by the new SET construction project adding modern office/showroom/gastro space, and a rental listing service (Freie Flächen) for available units. There is no multi-product SaaS platform — the company's 'product' is its property portfolio and its management/development services.

Differentiator

Problem solved

Functional benefit

Products and services

• AGROB Medienpark (Medien- und Gewerbepark) A 35-hectare mixed-use media and commercial park in Ismaning, comprising offices, production studios, and broadcasting facilities on approximately 100,000 m² of rental space. Tenants include major German media companies such as Antenne Bayern, ARRI, DAZN, HSE24, and Bayerischer Rundfunk.
• SET (Neubau-Projekt) A new-build construction project in the south of the AGROB Medienpark consisting of three buildings: office lofts (Building 1, 7,557 m² office space), showroom/presentation space (Building 2, 2,270 m²), and a gastro pavilion (Building 3, 495 m²). Includes a 600 m² rooftop terrace and underground parking with 135 spaces.
• Freie Flächen (Available Rental Spaces) Direct-from-owner rental of available office, studio, and hall spaces within the AGROB Medienpark. Currently advertised spaces include Building 06.12 (1,810 m²), Building 22 Nord (1,790 m²), and Building 39 (380 m² office + 80 m² storage), all with standard office fittings including carpet, floor tanks, solar shading, DV cabling, kitchenettes, ceiling lights, lifts, and parking.

Quantifiable outcome

• 96% occupancy rate
• +2 more outcomes

Named customers9 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators13 records

Recent moves8 records

Expansion highlights3 records

Broad incumbents

• TAG Immobilien AG: Listed German real-estate company with residential and commercial exposure across Germany. Comparable as a German listed real-estate platform with diversified rental income, though at materially larger scale than AGROB.
• Aroundtown SA: One of Europe's largest listed real-estate companies with significant German office and hotel assets. Comparable as a major German office landlord at vastly larger scale, providing a useful reference for institutional ownership and tenant dynamics in German commercial real estate.
• alstria office REIT-AG: German office REIT with a portfolio of office properties across major German cities. Comparable as a larger German office real-estate company with an institutional tenant base and recurring rental income model.

Direct peers

• Bavaria Film GmbH: Operates the Bavaria Film Studios campus near Munich, one of Germany's largest film and TV production facilities. Directly comparable as a specialized media-campus operator anchored in the Munich media corridor.
• Studio Babelsberg AG: Operates Europe's oldest large-scale film studio campus in Potsdam-Babelsberg. Comparable as a German media real-estate operator with broadcasting/production infrastructure serving cinema, TV, and streaming customers.
• Studio Hamburg GmbH: Runs the Hamburg media campus hosting film, TV, and digital-production tenants. Comparable as a major German media hub offering specialized infrastructure for production and broadcasting companies.

Emerging players

• Hamborner REIT AG: German REIT focused on retail and office properties. Comparable as a small-to-mid-cap German listed real-estate company with a recurring rental income model and German tenant base.
• Deutsche EuroShop AG: Listed German retail-property company owning shopping centers across Germany and Europe. Comparable as a German listed real-estate investor with a long-duration rental income stream, though asset class differs.
• DIC Asset AG: Listed German commercial real-estate company with office and logistics assets. Comparable as a small-to-mid-cap German listed real-estate operator focused on tenant relationships and asset repositioning.

Regional players

• CA Immobilien Anlagen AG: Austrian commercial real-estate company with German DACH exposure. Comparable as a regional Central European listed commercial real-estate operator with office and mixed-use assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/agrob-immobilien-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 AGROB Immobilien