DN Real Estate

What DN Real Estate does

DN Real Estate SRL, commercially known as the Dalle Nogare Group, is a privately held Italian real estate developer and construction company founded in 1969 by Bortolo Otello Dalle Nogare and headquartered operationally in Trento with a registered office in Milan. The company builds and sells residential real estate — apartments, villas, chalets, and complex developments — across Trentino (Trento, Rovereto, Val di Fiemme, Val di Fassa, Folgaria, Pinzolo, San Martino di Castrozza), Lake Garda, Bolzano, and Sardinia, having delivered nearly 3,000 units over more than 55 years. Its core technical differentiator is specialization in Passive House (PassivHaus) and Active House construction protocols, with over 50 Passive House-certified units and NZEB-compliant projects such as Parco dei Ciliegi where each unit produces more energy than it consumes.

The product portfolio is segmented into branded sub-concepts: Passive House and Active House (sustainability philosophies), Trentino Life Style and Garda Life Style (premium property concepts launched from 2023), Liberi nel verde (eco-friendly dwelling brand), and Buy To Let (an investment product under which the firm acts as sole tenant and guarantees a 3% net annual return on the property purchase price). The company also sells building lots (Lotti Edificabili) in multiple Trentino municipalities and Lago Maggiore.

The business operates a direct-to-consumer model: properties are sold without intermediaries through the firm's website, the Trento operational office, and a multilingual (Italian, English, German) sales process. Revenue is primarily transactional through one-off property and lot sales, with a recurring managed-services component from the Buy To Let tourism management contracts. The firm remains family-controlled, with founder Bortolo Otello Dalle Nogare as President and his son Nicola Dalle Nogare as CEO, supported by a CFO, sales and marketing leadership, an in-house technical department, and 51-100 employees in total.

Name

DN Real Estate

Legal name

DN REAL ESTATE SRL

Website

https://dallenogare.it

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

51–100 employees

Short description

DN Real Estate (Dalle Nogare Group) is a family-owned Italian real estate developer founded in 1969 in Trento, building and selling energy-efficient residential properties — apartments, villas, and chalets — across Trentino, Lake Garda, Bolzano, and Sardinia, with over 50 Passive House-certified units and a Buy To Let investment program offering a 3% guaranteed net annual return.

Ownership category

akta.pro rank

Headquarters

HQ city

Trento

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Property Sales: Direct sales of newly constructed and renovated residential properties in Trentino, Lake Garda, and Sardinia. Revenue is generated from the sale of residential units, second homes, and commercial properties.
2. Buy To Let Management: Tourism management services for holiday properties with guaranteed annual income of 3% net. The company acts as tenant and manages all maintenance, utilities, and condominium expenses while owners receive rental income.
3. Building Lot Sales: Sale of building plots and lots to developers or individuals for construction purposes.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

DN Real Estate (Dalle Nogare) is a family-owned Italian real estate construction and development company that builds and sells residential properties — including apartments, villas, chalets, and residential complexes — in Trentino, Lake Garda, and Sardinia. The company also sells building lots and operates a Buy To Let investment program in which it guarantees investors a 3% net annual rental income on holiday properties it manages.

Product overview

DN Real Estate (Dalle Nogare) is a real estate construction and development company founded in 1969, operating primarily in Trentino, Lake Garda, and Sardinia. The company offers a portfolio of residential properties including apartments, villas, chalets, and complex developments, complemented by specialized sub-brands: Passive House and Active House (sustainable construction philosophies), Trentino Life Style and Garda Life Style (premium property concepts), Buy To Let (investment service), and Liberi nel verde (eco-friendly dwelling brand). The company has built nearly 3,000 units over 55+ years and is certified in Passive House construction with over 50 certified units.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Properties Portfolio Portfolio of newly built and renovated residential real estate units — apartments, villas, chalets, and residential complexes — located in Trento, Rovereto, Val di Fiemme, Val di Fassa, Folgaria, Pinzolo, San Martino di Castrozza, Lake Garda, and Sardinia. Targeted at families and individuals purchasing primary residences or second homes.
• Passive House Construction (La Casa Passiva) Sustainable building concept in which properties obtain energy from natural sources (sun, ground, outside air) via optimized building envelope, triple-glazed windows, high air tightness, and mechanical ventilation with heat recovery. Reduces heating energy consumption from 95 Kwh/mq to 15 Kwh/mq. Over 50 units have obtained Passive House certification.
• Active House Construction (La Casa Attiva) Construction protocol prioritizing sustainability, comfort, and positive environmental impact. Evaluated through a radar model across living comfort, sustainability, and energy efficiency. Active House buildings achieve heating, cooling, and water costs approximately 5 times lower than traditional construction.
• Trentino Life Style Exclusive real estate concept for high-end properties in prestigious Trentino locations, encompassing renovations, new constructions, and radical transformations of existing buildings into high-quality homes.
• Garda Life Style Brand dedicated to exclusive real estate initiatives in the Lake Garda area, combining design and style with efficiency and quality through sustainable construction techniques and innovative materials for maximum perceived comfort.
• Buy To Let Investment Program Investment formula for holiday apartments in which buyers sign lease and tourist management agreements with the Dalle Nogare Group. The Group acts as sole tenant, guaranteeing annual rental income of 3% net (6% gross) of the total investment value regardless of occupancy, while covering management, ordinary and extraordinary maintenance, water, electricity, and condominium expenses.
• Liberi nel verde (Green Dwelling) Brand concept for environmentally sustainable living using renewable energy sources (photovoltaic systems, pellet heating), reducing greenhouse gas emissions by at least 80% compared to traditional construction. Features residential complexes with safe avenues, parks, fenced gardens, and reduced traffic.
• Building Lots (Lotti Edificabili) Building plots available for purchase in Malé, Croviana, Roncegno, Martignano, Villazzano, Spini di Gardolo, Pomarolo, Trambileno, and Lago Maggiore with various intended uses including artisanal-commercial and residential development. Documented under the Trentino tavolare system.

Quantifiable outcome

• Passive house construction reduces heating energy consumption from 95 Kwh/mq to 15 Kwh/mq (approximately 90% reduction)
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Günther GantiolercoreStrategic or Co-development PartnerScientific director of Active and Passiv Haus Italia. Long-term consultant for the construction of Passive House and Active House certified buildings. Has been collaborating with Dalle Nogare for years on achieving Passive House certification standards.
• Filippo Peterlongo (Martinelli Arreda)minorStrategic or Co-development PartnerInterior designer who curated furniture projects for Villa Magnolia properties. Partner and administrator of Martinelli Arreda, an established furniture company since 1967 representing major Italian design brands.
• Daniele BrunoniminorStrategic or Co-development PartnerPrestigious architect who designed 7Villas – the golf lodge project on Lake Garda. Known for private villa projects in the Verona and Mantua areas with a distinctive style blending external and internal spaces.
• Politecnico di Milano (Design&Health Lab)minorStrategic or Co-development PartnerAcademic research collaboration referenced in articles about the relationship between living environment and health. Professor Stefano Capolongo's research group from the Department of Architecture, Engineering of Construction and Built Environment.
• University of Genoa (DINOGMI)minorStrategic or Co-development PartnerAcademic research collaboration with Professor Mario Amore from the Department of Neuroscience, Rehabilitation, Ophthalmology, Genetics and Maternal-Child Sciences on studies related to living quality and psychological well-being.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Risanamento S.p.A. Milan-listed Italian real estate development company operating across residential and commercial projects in northern Italy. Comparable to DN Real Estate as a domestic Italian developer with a diversified property portfolio and direct-to-buyer sales model.
• Borio Mangiarotti: Milan-based Italian residential real estate developer focused on high-quality urban apartments and mixed-use developments. Comparable to DN Real Estate as a similarly-sized domestic Italian developer selling directly to end buyers in northern Italy.
• Lionard Luxury Real Estate: Italian real estate firm specializing in luxury, historic, and premium vacation properties across Italy. Comparable to DN Real Estate's premium positioning in Trentino Life Style and Garda Life Style sub-brands, particularly in the high-end second-home segment.
• Vitali S.p.A. Bergamo-based Italian construction and real estate firm involved in residential, commercial, and infrastructure projects across northern Italy. Comparable to DN Real Estate as a mid-size Italian construction/development company with direct sales of own-built residential properties.

Broad incumbents

• Engel & Völkers: Germany-headquartered international real estate firm with a strong Italian franchise focused on premium residential, vacation, and waterfront properties. Comparable to DN Real Estate on the premium second-home buyer segment (especially German-speaking clients targeting Lake Garda), though Engel & Völkers operates as a brokerage network rather than developer.
• Webuild Group: One of Italy's largest construction and engineering groups with global operations in infrastructure, buildings, and concessions. Comparable to DN Real Estate as a domestic Italian construction firm, though significantly larger in scale and focused on infrastructure and large commercial rather than residential development.

Others

• Italian Real Estate (Engel & Völkers licensee network): International real estate brokerage network with deep Italian operations in luxury residential and vacation segments. Listed separately because while its brokerage business is comparable on the sales side, DN Real Estate is a developer while Engel & Völkers is an intermediary.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 DN Real Estate