Consus
Consus Real Estate AG is a Berlin-based German property developer and wholly-owned subsidiary of ADLER Group S.A., focused on acquiring, developing, and selling residential and commercial real estate projects across German metropolitan markets.
- Company typePrivate
- Founded2017
- HeadquartersBerlin, Germany
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Consus does
Consus Real Estate AG is a German property development company headquartered in Berlin, incorporated in 2017 and operating as a wholly-owned subsidiary of ADLER Group S.A. following ADO Properties S.A.'s acquisition of control in 2020. The company focuses on acquiring land and developing residential and commercial property projects across German metropolitan areas, then disposing of completed development projects to buyers and institutional investors through direct project sales. In 2020, Consus divested development projects with combined gross development value (GDV) of approximately EUR 4.3 billion across two separate transactions (8 projects at EUR 2.0 billion GDV and 17 projects at EUR 2.3 billion GDV), the latter coupled with a contribution-in-kind capital increase intended to deliver full ownership of subsidiary Consus RE AG.
The company experienced significant financial distress beginning in 2021, including material write-downs in its annual financial statements and a formal loss notification filed pursuant to Section 92(1) of the German Stock Corporation Act (AktG). In 2022, Consus replaced its board (Dr. Bernd Schade resigned, Sven-Christian Frank appointed), decided to delist from the Freiverkehr open-market segments of both the Frankfurt and Munich stock exchanges, and entered into a secured debt-financing arrangement with a group of bondholders of its parent ADLER Group S.A. Consus now operates as a non-listed, development-focused subsidiary within the ADLER Group portfolio rather than as an independent publicly traded entity. The company does not maintain a disclosed proprietary technology platform beyond conventional real estate development and project management operations, and its go-to-market is structured around direct project sales to enterprise and institutional counterparties.
Consus firmographics
Firmographics- Name
- Consus
- Legal name
- Consus Real Estate AG
- Website
- https://consus.ag
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Consus Real Estate AG is a Berlin-based German property developer and wholly-owned subsidiary of ADLER Group S.A., focused on acquiring, developing, and selling residential and commercial real estate projects across German metropolitan markets.
- Ownership category
- akta.pro rank
Consus industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
Keywords
Where Consus is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Markets served
Consus business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure
Distribution channels1 record
Consus product offering
Product offeringCore offering
Consus Real Estate GmbH is a German real estate development company that acquires land, develops residential and commercial properties, and sells development projects in German metropolitan areas. It operates as a property development subsidiary of ADLER Group S.A., with a development pipeline historically measured in billions of euros of Gross Development Value (GDV).
Product overview
Consus Real Estate GmbH is a German real estate development company, operating as a subsidiary of Adler Group S.A. The company focuses on residential and commercial property development projects across German metropolitan areas. Its core business involves acquiring land, developing properties, and selling development projects. The source material describes financial transactions including the sale of 8 development projects with a Gross Development Value (GDV) of EUR 2.0 billion and 17 development projects with a GDV of EUR 2.3 billion, as well as financing arrangements with bond creditors of the Adler Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Projects
Companies that use Consus
Customer profileSegments1 record
Ideal customer profiles1 record
Consus technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Consus partnerships and signals
Strategic signalScale indicators2 records
Recent moves9 records
Expansion highlights3 records
Consus competitors and assessment
Company assessmentBroad incumbents
- TAG Immobilien AG: German-listed residential real estate company with a focus on northern and eastern German markets; comparable via exposure to German residential property dynamics and a development plus portfolio holding model.
- Vonovia SE: Europe's largest residential real estate company with significant German footprint; comparable as an institutional scale German housing platform even though Vonovia is primarily an owner-operator whereas Consus is a developer-for-sale.
- LEG Immobilien AG: German residential real estate company focused on North Rhine-Westphalia and other German markets; comparable on German housing market fundamentals and portfolio-scale real estate operations.
- Aroundtown SA: European (Germany-heavy) commercial and hotel real estate company; comparable as a large real estate operator in the same geographies with overlapping investor base and similar debt-financing dynamics.
- ADLER Group S.A. Consus's parent company and a broader Luxembourg-based residential real estate platform; comparable because Consus functions as ADLER's dedicated German development arm and shares capital, governance, and financing arrangements with the parent.
- Deutsche Wohnen SE: Major German residential landlord and developer, now part of Vonovia; comparable on German housing exposure and large-scale residential portfolio development, with overlap on urban metropolitan demand drivers.
Direct peers
- Corestate Capital Holding S.A. European real estate investment manager and developer with German exposure; comparable as a mid-size European real estate platform that similarly experienced financing and restructuring pressures in 2021–2022.
- Instone Real Estate Group N.V. German-listed residential developer focused on for-sale housing in German metropolitan areas; directly comparable to Consus in terms of product (new-build residential), geography (Germany), and business model (land acquisition → development → sale to end-buyers/institutional investors).
- Patrizia AG: German real estate investment and development manager; comparable through real estate development activity in Germany and across Europe, as well as an asset-management-led business model.
Regional players
- Deutsche EuroShop AG: German real estate company focused on retail properties; partially comparable as a German-domiciled real estate listed vehicle, though product (retail shopping centers) differs from Consus's residential/commercial mix.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Consus social profiles
Digital presenceConsus financial estimates
Financial estimateRevenue estimate
Valuation estimate
Consus leadership team
Management profileNumber of profiles
Profiles1 record
Consus subsidiaries and ownership
Company hierarchySubsidiaries1 record
Consus funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Consus M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Consus
What does Consus do?
Consus Real Estate GmbH is a German real estate development company that acquires land, develops residential and commercial properties, and sells development projects in German metropolitan areas. It operates as a property development subsidiary of ADLER Group S.A., with a development pipeline historically measured in billions of euros of Gross Development Value (GDV).
Is Consus a public or private company?
Consus is a private company. It is classified as corporate owned and is currently operating.
When was Consus founded?
Consus was founded in 2017. It employs 501 to 1,000 people.
Where is Consus based?
Consus is headquartered in Berlin, Germany, in the Europe region.
Who are Consus's main competitors?
Broad incumbents on record are TAG Immobilien AG, Vonovia SE, LEG Immobilien AG, Aroundtown SA, ADLER Group S.A. and Deutsche Wohnen SE. Direct peers are Corestate Capital Holding S.A., Instone Real Estate Group N.V. and Patrizia AG. Deutsche EuroShop AG is listed as a regional player.
Does Consus have an API?
No public API is recorded for Consus.
What industry is Consus in?
Consus's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities). Its NAICS code is 236117 and its SIC code is 6552.