LUWIN Real Estate

What LUWIN Real Estate does

LUWIN Real Estate (legal entity: LUWIN Real Estate Managers GmbH) is a Frankfurt am Main-based, partner-operated real estate investment and asset management firm founded in 2018 by Manuel DeVigili, with Maximilian Schneidler joining as Co-Founder and Managing Partner in October 2021. The firm provides two core services: Real Estate Investment Management (strategy development, transaction management, and deal sourcing) and Asset Management (portfolio analysis, proactive asset management, tenant relations, and custom reporting) for institutional and semi-institutional investors across Germany and select European markets. The firm manages a diversified portfolio of more than EUR 2.6 billion in office, retail, residential, and logistics assets, including trophy properties such as ONE Goetheplaza (Frankfurt), OBRKSSL/HSBC headquarters (Düsseldorf), BE MAX (Berlin), and No. 1 Dublin Landings.

The go-to-market is relationship-driven, targeting German pension funds (notably Bayerische Versorgungskammer, Versorgungswerke administered via Universal Investment Group), insurance groups (Konzern Versicherungskammer), and increasingly international institutional investors such as France's CDC Investissement Immobilier. Revenue derives from three streams: (1) recurring asset management fees on mandates, typically structured as a percentage of AUM under multi-year contracts; (2) transaction-based investment management fees on acquisitions and dispositions; and (3) performance-related incentive fees. Mandate investment volumes range from EUR 1-20 million (semi-institutional) to EUR 60-500+ million (institutional), with focus on core to value-add risk profiles in Germany's top 7 cities and selected B-cities.

The firm is differentiated by the founders' and senior team's combined prior transaction volume exceeding EUR 20 billion across PATRIZIA, TRIUVA, IVG, GEG, Quantum, Principal Real Estate, and Barings, which underpins privileged access to off-market deal flow and repeat institutional mandates. The business model is asset-light: a ~30-person team across Frankfurt, Munich, Hamburg, and Berlin manages institutional capital without balance-sheet exposure, holds the required German GewO §34c and §34f permits, and is a member of TechQuartier Frankfurt for PropTech/FinTech exposure. The firm is privately held with no disclosed external equity capital; control rests with the managing partners.

Name

LUWIN Real Estate

Legal name

LUWIN Real Estate Managers GmbH

Website

https://luwin.de

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

LUWIN Real Estate is a Frankfurt-based, partner-operated investment and asset management boutique managing more than EUR 2.6 billion in office, residential, retail, and logistics assets on behalf of German and European institutional and semi-institutional investors, with core services in real estate investment management and asset management.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment & Asset Management

NAICS

Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131), Activities Related to Real Estate (5313)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

akta.pro secondary industries

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB), Real Estate Debt & Mortgage Strategies (FSAAAKAC)

Keywords

• Real estate investment management
• Commercial asset management
• Institutional real estate
• Portfolio management services
• Real estate advisory

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Fees earned for managing real estate assets on behalf of institutional investors under mandate arrangements
2. Investment Management Fees: Fees for acquisition, transaction management, and investment advisory services for institutional mandates
3. Performance-related Fees: Incentive fees tied to asset performance outcomes for institutional investors

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

LUWIN Real Estate provides real estate investment management and asset management services to institutional and semi-institutional investors across Germany and select European markets. Services span strategy development, transaction management, deal sourcing (including off-market), portfolio analysis, proactive asset management, tenant relations, and customized reporting for office, retail, residential, and logistics real estate mandates.

Product overview

LUWIN Real Estate is a specialized real estate investment and asset management company offering two core services: Real Estate Investment Management (strategy development, transaction management, market access) and Asset Management (portfolio analysis, strategy development, proactive implementation, tenant relations, custom reporting). The company manages a diversified portfolio of over EUR 2.6 billion across eight primary properties including WEO (Hamburg), BE MAX (Berlin), ONE Goetheplaza (Frankfurt), K195 (Berlin), No. 1 Dublin Landings (Dublin), OBRKSSL (Düsseldorf), Ma'Ro (Frankfurt), and Marienplatz 20 (Munich). These managed properties span office, retail, and residential use types across prime European locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Management
• Asset Management
• Portfolio Management Management of diversified real estate portfolios valued at over EUR 2.6 billion, comprising office, retail, residential, and logistics properties across Germany and Europe, predominantly core assets in prime locations.

Quantifiable outcome

• Assets under management grew from EUR 2.0 billion (2020) to EUR 2.8 billion (2023)
• +3 more outcomes

Named customers22 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

Feature1 record

Partnerships

Five partnerships are on record, tiered minor and core.

• Westbridge AdvisoryminorImplementation/ SI/ Consulting Partner · 14 November 2024Energy and sustainability consultant advised LUWIN on Power Purchase Agreements for renewable electricity procurement across approximately 200,000 sqm of rental space, expected to save 3,180 tonnes of CO2 annually.
• Lang & Cie.coreStrategic or Co-development Partner · 6 July 2022Project developer for Frankfurt Oststern quarter development. LUWIN acquired two office buildings (17,900 sqm) from Lang & Cie. as investment manager for BVK's specialized real estate fund. BNP Real Estate acted as consultant on the transaction.
• May & Co.coreStrategic or Co-development Partner · 22 June 2022Developer that sold Amazon last-mile logistics center in Nuremberg to LUWIN. The property (approx. 8,300 sqm warehouse + 1,200 sqm office) is located in Grundig-Park with long-term Amazon lease.
• Medcap Real EstatecoreStrategic or Co-development Partner · 1 May 2021Spanish real estate investor and developer partnered with LUWIN to acquire and revitalize Goethestrasse 2 in Frankfurt. Medcap and LUWIN are undertaking a value-add project with comprehensive refurbishment, with LUWIN providing investment and asset management expertise.
• STRABAG Real Estate GmbH (SRE)coreStrategic or Co-development Partner · 19 February 2020Major European real estate developer partnered with LUWIN on multiple transactions: Kuhlio residential project in Frankfurt-Bockenheim (63 flats forward deal) and OBRKSSL office building in Düsseldorf (new HSBC headquarters).

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• DIC Asset AG: Listed German commercial real estate manager operating institutional and opportunistic investment vehicles with a focus on German office properties. Direct overlap with LUWIN's office asset management approach and institutional client base; LUWIN's Jörn Karwiese previously led DIC's Cologne/Düsseldorf office portfolio.
• PATRIZIA AG: One of Europe's largest real estate investment managers with deep German institutional roots. Multiple LUWIN founders and senior team previously held senior roles at PATRIZIA (Manuel DeVigili, Pasquale Harsy, Susanne Junkers, Mario Elbert), making it the closest comparable in business model and target customer base.
• DEMIRE Deutsche Mittelstand Real Estate AG: German commercial real estate company focused on office, retail and logistics properties in secondary and B-locations, with a value-add approach. LUWIN's Felix Bothmann previously served as Senior Technical Asset Manager at DEMIRE; comparable in mid-market German commercial real estate asset management.
• GEG German Estate Group AG: Frankfurt-based real estate investment manager specializing in German commercial real estate for institutional investors. Highly comparable in geographic focus and institutional client orientation; LUWIN's Jonathan Ludwig previously led German-wide acquisitions at GEG with EUR 1.9B+ in transaction volume.
• Quantum Immobilien Gruppe: German real estate investment and asset manager focused on institutional capital. LUWIN co-founder Maximilian Schneidler joined Quantum as Managing Director prior to LUWIN; Quantum shares LUWIN's relationship-driven, German institutional mandate model.
• TRIUVA Kapitalverwaltungsgesellschaft mbH: German real estate investment and asset manager (formerly IVG Institutional Funds). Several LUWIN executives (DeVigili, Paulus, Harsy, Junkers, Elbert, Schröder) previously worked at TRIUVA, and the firm shares the same institutional investor focus and core+ asset profile.
• Catella Investment Management GmbH: European investment manager with a German residential and commercial real estate practice serving institutional clients. Direct counterparty to LUWIN on the Berlin-Neukölln residential transaction; comparable in mandate-based investment management for European institutional capital.

Broad incumbents

• Union Investment Real Estate: One of Germany's largest real estate investment managers (part of the DZ Bank Group). Seller to LUWIN on the Düsseldorf Ludenberg residential transaction and broader competitor for institutional German real estate mandates; far larger AUM but comparable institutional client base.
• Commerz Real AG: German real estate asset manager (Commerzbank subsidiary) operating open-ended real estate funds for institutional and retail capital. LUWIN's Rogier van Veen previously served as Senior Asset Manager at Commerz Real; comparable in institutional German asset management with a broader product range.
• Principal Real Estate Europe (Internos / Covivio): European real estate investment and asset management platform. Marcus Salinger led Principal's German asset management business before joining LUWIN, indicating direct functional overlap in German commercial real estate asset management for institutional clients.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInde.linkedin.com/company/luwin

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 LUWIN Real Estate