SICORE Real Assets GmbH

Name

SICORE Real Assets GmbH

Legal name

SICORE Real Assets GmbH

Website

https://sicore.de

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Real Estate & Infrastructure Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)

akta.pro primary industry

Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

Keywords

• Real estate investment management
• Infrastructure fund management
• Institutional asset management
• Renewable energy investments
• Property portfolio management

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Investment Management: Management and administration of real estate portfolios, including acquisition, development, refurbishment, and asset management services. The company structures and manages real estate funds for institutional investors.
2. Infrastructure Investment Management: Management of renewable energy infrastructure assets including onshore wind farms and photovoltaic installations. Services include project acquisition, operational management, and optimization of energy generation assets.
3. Property Management Services: Commercial and administrative property management including tenant relations, lease administration, and maintenance coordination for managed real estate assets.
4. Special Situations and Restructuring Services: Expertise provided to restructuring advisors and financial creditors for stabilizing, restructuring, or selling distressed real estate projects.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

SICORE Real Assets GmbH is a Hamburg-based institutional investment manager, wholly-owned subsidiary of SIGNAL IDUNA Group, managing real estate and infrastructure portfolios for institutional investors. The company structures and manages tailored real estate funds, renewable energy infrastructure investments (onshore wind and photovoltaic), and provides end-to-end services from investment management through property management. It also manages two EU SFDR Article 9 funds focused on social sustainability and logistics impact.

Product overview

SICORE Real Assets GmbH offers a comprehensive real asset and investment management platform consisting of core investment services (Immobilien Investments and Infrastruktur Investments) supported by integrated service modules covering Investment Management, Development & Construction, Asset Management, Property Management, Portfolio Management for both real estate and infrastructure, Institutional Client Solutions, ESG-Management, and Controlling. The company also manages two specialized Article 9 ESG funds: the HANSA German Social Fund and the HANSA German Logistic Impact Fund. All services are oriented toward institutional investors seeking sustainable, long-term value creation.

Differentiator

Problem solved

Functional benefit

Brands

• HANSA German Social Fund: Article 9 fund investing exclusively in property with a socially sustainable objective.
• HANSA German Logistic Impact Fund

Products and services

• Immobilien Investments (Real Estate Investments) Direct and indirect real estate investments for institutional investors across 18 European countries, with integrated service chain including investment management, asset management, property management, development & construction, portfolio management, ESG management and controlling.
• Infrastruktur Investments (Infrastructure Investments) Renewable energy infrastructure investments (onshore wind and photovoltaic) for institutional investors across 11 countries, including flagship assets such as the Witznitz Energy Park (Europe's largest solar farm) and the Storbeck Wind Farm.
• Institutional Client Solutions (Special Situations / Restructuring) Tailored mandates and special situations / restructuring advisory for institutional investors with complex real estate or infrastructure exposures requiring bespoke structuring and active intervention.
• HANSA German Social Fund EU SFDR Article 9 fund focused on social sustainability, providing institutional investors with a pooled vehicle that targets real estate investments meeting the strictest EU sustainability classification criteria.
• HANSA German Logistic Impact Fund EU SFDR Article 9 fund focused on logistics real estate with impact orientation, providing institutional investors with a pooled vehicle that targets logistics real estate investments meeting the strictest EU sustainability classification criteria.

Quantifiable outcome

• Witznitz Energy Park generates 640,000 MWh/year of renewable electricity, saving 370,000 tonnes CO2 annually
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Moveon Energy GmbHcoreStrategic or Co-development PartnerDeveloper and project company that developed and realized the Witznitz Energy Park project. SICORE acquired the completed project on behalf of SIGNAL IDUNA.
• ArchitecturestudiocoreStrategic or Co-development PartnerRenowned French architecture firm (founded 1973) with offices in Paris, Shanghai, Geneva, and Abidjan. Responsible for the refurbishment design of the Richelieu property in Paris, known for sensitive historic building revitalization.
• United Nations Principles for Responsible Investment (UNPRI)coreStrategic or Co-development PartnerSignatory to UNPRI, committing to integrate ESG principles into investment and management practices. Active participant in responsible investment initiatives.
• German Sustainable Building Council (DGNB)coreStrategic or Co-development PartnerMember of DGNB, leveraging expertise to support long-term decarbonization of the real estate portfolio. Projects including the Richelieu refurbishment pursue DGNB certification.
• German Investment Funds Association (BVI)minorStrategic or Co-development PartnerMember supporting sustainability initiatives and standards in the German investment funds industry.
• German Property Federation (ZIA)minorStrategic or Co-development PartnerMember supporting sustainability initiatives launched by the German Property Federation.
• Microsoft Ireland Operations Ltd.coreTechnology or IntegrationTechnology provider for Microsoft 365, Microsoft Teams (online meetings and collaboration), and Microsoft Bookings (appointment scheduling). Data processing agreements (Art. 28 DSGVO) in place with EU Standard Contractual Clauses for data transfers.
• Avacon (Distribution Network Operator)minorOthersRegional electricity distribution network operator for Storbeck Wind Farm grid connection at Osterburg Süd substation.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Patrizia: Listed German/European real asset investment manager with institutional and residential/real estate strategies plus infrastructure and sustainable investments — a comparable scale peer across geographies and product types.
• Commerz Real: German institutional real asset manager within the Commerzbank group offering open-ended and closed-ended real estate funds plus renewable infrastructure (wind/solar), closely overlapping SICORE's product set and target investor base.
• Generali Real Estate: In-house real estate arm of Generali Group, managing insurance balance sheet real estate across Europe with ESG-led strategies and integration into broader insurance asset allocation — analogous to SICORE within SIGNAL IDUNA.
• MEAG (Munich ERGO Asset Management): In-house asset manager of Munich Re / ERGO, managing real estate and infrastructure on an insurance balance sheet with a strong ESG orientation and direct property/asset management integration — a near-mirror of SICORE's business model.
• KGAL: Munich-based institutional asset manager with dedicated real estate and infrastructure (including renewable energy) strategies; competes for the same German institutional insurance and pension capital and offers comparable closed-end fund structures.
• Union Investment Real Estate: German institutional real estate investment manager with comparable pan-European mandate and Article 8/9 fund vehicles; operates as the in-house manager for a major insurance/pension group, similar to SICORE's role inside SIGNAL IDUNA.
• Swiss Life Asset Managers: Insurance-affiliated European real estate and infrastructure manager running core/core-plus real estate and renewable infrastructure strategies for institutional clients across DACH and Northern Europe — a directly comparable business model and footprint.

Broad incumbents

• Schroders Capital (Real Estate): Global asset manager with a dedicated Schroders Capital real estate and infrastructure platform serving institutional investors; broader portfolio but overlapping institutional client base and pan-European real asset strategy mandate.
• DWS Group: One of Europe's largest asset managers with institutional real estate and infrastructure strategies and Article 8/9 fund vehicles; competes with SICORE for institutional capital though it is a much larger, more diversified platform.

Emerging players

• Catella Real Estate / Catella Asset Management: European real asset manager with institutional fund products across the Nordics, DACH and Benelux; smaller scale but similar product mix (core, value-add, sustainable real estate) targeting comparable institutional segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sicore
• LinkedInlinkedin.com/company/sicore-real-assets

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 SICORE Real Assets GmbH