x.project

What x.project does

x.project AG is a Frankfurt-based, privately held German real estate services company founded in 2000 that provides technical due diligence, technical asset management, monitoring, ESG/energy audits, area certifications, and documentation services for institutional real estate investors, fund managers, and portfolio owners across Europe. The company combines engineering expertise with a proprietary cloud platform called DOREE+ (Digital Optimization for Real Estate Experts), which is organized into five modules — TDD+ (Technical Due Diligence), VDR+ (Virtual Data Room), MON+ (Monitoring), TAM+ (Technical Asset Management), and ESG+ — and which functionally links property data with source references rather than treating documents as standalone artifacts. The platform supports AI-based full-text search, AI-tagged photo and video documentation, panoramic/360-degree virtual walk-throughs, and structured GIF-format data exports for integration with external portfolio management systems, with hosting in an ISO-certified German data center.

The company monetizes through a hybrid model: project-based professional services for TDD, monitoring, ESG audits, and area certifications, paired with a recurring subscription layer for DOREE+ platform access (monthly billing, monthly cancellation, 14-day free trial via shop.doree.plus). A strategic cooperation with international law firm King & Spalding LLP produces joint technical-legal EU Taxonomy Compliance Reports for Article 8/9 SFDR funds, and a new photovoltaic (PV) systems advisory segment was launched in late 2023. The customer base spans named institutional accounts such as Principal Real Estate, EDMOND DE ROTHSCHILD REIM, KanAm Grund, Domicil Real Estate, CapMan, Catella, and Wertgrund, with active operations across Germany, Austria, Denmark, Finland, and Spain. Since founding, the company reports having inspected more than 6,000 properties and over 100 million square meters, with a team of 50+ permanent and freelance specialists led by founder/CEO Holger R. Weber, CCO Jens Dehnbostel, and COO Henry Fritzsche.

Name

x.project

Legal name

x.project AG

Website

https://x-project-ag.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

x.project AG is a Frankfurt-based real estate services firm founded in 2000 that delivers technical due diligence, asset management, monitoring, ESG audits, and area certifications to institutional investors and fund managers across Europe via its proprietary DOREE+ cloud platform and a hybrid services-plus-subscription business model.

Ownership category

akta.pro rank

Product category

Real Estate Due Diligence & Asset Management

NAICS

Computer Systems Design Services (541512), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Web Search Portals, Libraries, Archives, and Other Information Services (519)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Real Estate Transaction Advisory & Due Diligence (FSAEAJAJ)

akta.pro secondary industries

Asset & Maintenance Management (EAM/CMMS) Platforms (HDAEAEAM), Digital Asset Management (DAM) (HDAEAGAE), Enterprise Architecture & IT Operating Model (BPAHAEAB)

Keywords

• Technical due diligence
• Real estate data room
• Property asset management
• Construction monitoring services
• ESG property compliance

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Technical Due Diligence (TDD) Services: Professional services for technical due diligence during real estate transactions, including vendor due diligence (VDD), ESG due diligence, and pre-TDD indication reports. Primarily project-based engagements for institutional buyers and sellers.
2. DOREE+ Platform / SaaS Subscription: Subscription-based access to the DOREE+ cloud platform including VDR+, TDD+, MON+, TAM+, and ESG+ modules. Platform offers monthly-cancellable plans via the DOREE+ shop (shop.doree.plus).
3. Virtual Data Room (VDR+) Access: Data room services billed on a monthly subscription model with monthly cancellation option. Includes full platform access with data room, AI search, Q&A, and reporting features.
4. Monitoring and Construction Quality Control: Project monitoring services for construction quality assurance, delivered as professional services tied to specific projects or as part of ongoing portfolio management.
5. Technical Asset Management (TAM): Ongoing technical asset management support services, including contract reviews, maintenance tracking, Capex planning, and ESG optimization for existing portfolios.
6. Area Certification Services: Space/area measurement and certification services for both national (DIN, GIF, IPMS) and international standards (IPMS, Boma, NEN, AEO).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

x.project AG provides technical real estate services including Technical Due Diligence (TDD), Technical Asset Management (TAM), construction Monitoring, ESG/energy audits, area certifications, and documentation for institutional real estate investors. These services are delivered and supported by DOREE+, the company's proprietary cloud-based digital platform (formerly x.DD) that functionally links all technical property data, provides AI-powered search and tagging, and serves as a true Virtual Data Room (VDR+) for property transactions and ongoing portfolio management.

Product overview

x.project AG offers a platform-plus-modules architecture centered on the DOREE+ (Digital Optimization for Real Estate Experts) cloud platform. The core platform provides functional linking of all technical real estate data with partially and fully automated processes. Four integrated modules operate within DOREE+: TDD+ for Technical Due Diligence, VDR+ for the Virtual Data Room, TAM+ for Technical Asset Management, and MON+ for Monitoring. The ESG+ module, developed with law firm King & Spalding, provides EU Taxonomy compliance assessments. Beyond the platform, x.project provides standalone technical consulting services including Due Diligence, Technical Asset Management, Monitoring, ESG/Energy Audits, Area Certificates, Documentation, and Bauzustandsprüfung (Site Condition Checks), as well as a new Photovoltaic Systems consulting service. The company was founded in 2000, employs over 50 specialists, and has inspected over 6,000 properties with over 100 million square meters across Europe.

Differentiator

Problem solved

Functional benefit

Brands

• DOREE+: Digital Optimization for Real Estate Experts - cloud-based platform for technical real estate services including TDD+, VDR+, TAM+, MON+ modules

Products and services

• DOREE+ Platform Central cloud-based digital collaboration platform for technical real estate services. Combines modules for due diligence, monitoring, asset management, ESG, and data room functionality with AI-oriented programs and partially/fully automated work processes. 14-day free trial available via shop.doree.plus.
• VDR+ (Virtual Data Room+) First real data room (not document room) with functional linking of all technical property information via the digital platform. Features AI-based full-text search, Q&A tool, factsheet with quality-assured core data, personalized watermarks, detailed logging, and monthly cancellation. Hosted in ISO-certified German data center.
• TDD+ (Technical Due Diligence+) Digitally linked and quality-assured Technical Due Diligence module with source references for traceability. Cloud-based with 24/7 access to object data, Q&A functions, panoramic images, 360-degree photos, videos, cost recording with maintenance backlog and Capex representation.
• TAM+ (Technical Asset Management+) Technical Asset Management module supporting building condition improvement, documentation completion, energy optimization, and ESG evaluation. Tracks contracts, building conditions, Capex, maintenance history, generates monthly/annual reports, and includes budget controlling for cost, schedule, and quality control.
• MON+ (Monitoring+) Construction quality monitoring module for project development with phased and random inspection. Features complete photo documentation, fully linked regular monitoring reports, ticket system for defect traceability with standardized workflow, and Q&A function.
• ESG+ Module ESG (Environmental, Social, Governance) sustainability module with extensive audit options and EU Taxonomy compliance confirmations aligned with EU Taxonomy Regulation, GRESB, and SFDR requirements. Developed in cooperation with King & Spalding law firm.
• Due Diligence Services Technical Due Diligence (TDD), Vendor Due Diligence (VDD), ESG Due Diligence, and Pré-TDD indication reports for property acquisition and sales transactions. Targeted at institutional buyers and sellers during real estate transactions.
• Technical Asset Management Services Ongoing technical asset management support services for existing portfolios, including document updates, technical condition reports, optimization strategies, contract renegotiation, cost optimization, contract reviews, maintenance tracking, Capex planning, and ESG optimization.
• Monitoring Services International technical monitoring of construction projects and ongoing projects based on local specifics and purchase contract agreements. Project monitoring services for construction quality assurance tied to specific projects or ongoing portfolio management.
• ESG / Energy Audits ESG assessments based on GRESB methodology including CO2 footprint optimization, energy efficiency, indoor quality, resilience, biodiversity, and Green Building Certificate verification. Supports EU Taxonomy Regulation, GRESB, and SFDR reporting requirements.
• Area Certificates (Flächenzertifikate) Space/area measurement and certification services for both national standards (DIN, GIF, IPMS) and international standards (IPMS, BOMA, NEN, AEO, gross standards). Includes rentable area optimization and lease verification.
• Documentation Services Complete documentation including file inspection at building authorities, data consolidation, plan data processing as registered Autodesk developer, and data room setup.
• Bauzustandsprüfung (Site Condition Check) Condition assessment of building and equipment systems with budget definitions for 2, 5, and 10 years. Includes investment backlog reports and facility management audits.
• PV Systems Consulting Photovoltaic systems consulting and implementation for commercial properties, including technical and legal advice. Developed in cooperation with King & Spalding law firm.

Quantifiable outcome

• Inspected approximately 1,200 properties with over 5 million square metres in Europe since 2019
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Feature7 records

Partnerships

One partnership is on record.

• King & Spalding LLPcoreStrategic or Co-development Partner · 1 March 2023x.project AG and international law firm King & Spalding LLP have developed a joint Compliance Report for EU Taxonomy Regulation verification. x.project's engineers conduct technical reviews (energy-efficient building structure, technical building equipment, consumption values, raw materials); King & Spalding lawyers perform legal reviews. The result is the first external confirmation of EU Taxonomy compliance for real estate portfolio holders and investment fund companies. The partnership serves Article 8 and Article 9 SFDR funds and also addresses photovoltaic (PV) system advisory and implementation. The cooperation also covers green lease and ESG reporting innovations.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ansarada: Virtual data room and transaction-management platform with strong presence in M&A and asset transactions. Competes with x.project's VDR+ in real estate and corporate deals, with overlapping AI and document-intelligence capabilities.
• Drooms: European-headquartered virtual data room provider for M&A, real estate and corporate transactions. Directly comparable on VDR functionality for real estate deals; x.project has hired multiple staff from Drooms (e.g., Michael Fischer, Stefanie Glomp), underlining the technical and market overlap.
• Drees & Sommer: German-based international real estate consulting, engineering and project management firm with strong TDD, monitoring and digital real estate practices. Highly comparable to x.project's advisory services; Leopold Weinsheimer joined x.project from Drees & Sommer.

Broad incumbents

• Savills: International real estate advisory firm covering valuation, investment, asset management and ESG consulting across European markets. Comparable on TDD and ESG advisory for institutional real estate, with much broader geographic footprint.
• Arcadis: Global design, engineering and asset management consultancy with a strong real estate and sustainability advisory practice. Comparable to x.project on technical due diligence, asset management and EU Taxonomy/ESG reporting for institutional real estate.
• CBRE Group: Global commercial real estate services and investment firm offering valuation, advisory, asset services and technology platforms (including data and ESG tools). Overlaps with x.project on TDD, valuation and portfolio advisory, but at vastly larger scale and breadth.
• Intralinks (SS&C Intralinks): Global virtual data room and secure document exchange platform owned by SS&C Technologies. Competes with x.project's VDR+ for real estate transaction data rooms at significantly larger scale and broader enterprise reach.
• JLL (Jones Lang LaSalle): Global real estate investment and advisory firm providing valuation, capital markets, ESG advisory and technology solutions for institutional investors. Comparable to x.project on TDD, ESG advisory and institutional client base, but operating at global scale.
• BNP Paribas Real Estate: European real estate advisory arm of BNP Paribas providing valuation, transaction, consulting and property management services. Overlaps with x.project on European institutional TDD, ESG and transaction advisory.
• Knight Frank: Global real estate consultancy offering valuation, advisory, asset management and ESG services. Comparable on European institutional real estate advisory and TDD-type services, but at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Compliance3 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 x.project