Immowert Gmbh

What Immowert Gmbh does

IMMOWERT GmbH is a privately held German Co-Living real estate developer and operator headquartered in Oberhaching near Munich, founded in 2013 and operating as a GmbH (HRB 261903, Amtsgericht München). The company is vertically integrated across four business divisions: sustainable portfolio development (converting existing apartments, e.g. 2-room units into 4-person WGs, to maximize rentable rooms per square meter), energetic renovations (claimed to reduce multi-family building energy consumption by up to 80%), sustainable new construction (including timber-hybrid buildings), and full-service asset management. Its offering is bifurcated across two customer groups: (1) individual capital investors purchasing Co-Living properties as yield-generating, inflation-protected assets with full-service management, and (2) tenants — primarily students and young professionals — renting furnished rooms in shared apartments under the "IMMOWERT Standard 2.0" quality specification (Echtholz-Parkett, integrated kitchens, modern bathrooms). The firm operates across five major German metros (Munich, Nuremberg, Erlangen, Stuttgart, Frankfurt) and has cumulatively completed 1,500+ apartments, housed 2,000+ tenants, and transacted €600M in volume.

The revenue model combines three streams: recurring rental income from individually rented rooms (subscription-style recurring revenue), managed asset management fees for investor-owned properties, and one-time development/sales revenue from new construction and renovation projects. GTM is sales-led and dual-sided: direct sales and sample-exposé inquiry forms for investors, and third-party listing platforms (WG-Gesucht) plus website applications for tenants. The company employs 11–50 staff including in-house architecture, construction project management, corporate finance, and sales backoffice functions, and is led by Managing Director Christian Zull. There is no proprietary technology platform, no disclosed AI/ML capabilities, no external funding rounds, and no parent or subsidiary structure; the company is founder-controlled and growth has been internally financed.

Name

Immowert Gmbh

Legal name

IMMOWERT GmbH

Website

https://immowert.de

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

IMMOWERT GmbH is a German Co-Living real estate developer and operator that develops, manages, and rents furnished shared apartments (WG-Zimmer) across five major cities, serving students and young professionals as tenants and individual capital investors as full-service asset management clients.

Ownership category

akta.pro rank

Product category

Co-Living Real Estate Services

NAICS

Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Co-Living / Hybrid Extended-Stay Residences (THAGAEAK)

akta.pro secondary industries

Co-Living Property Management (BPAJAFAJ), Alternative Corporate Lodging (Serviced Apartments, Extended Stay, Corporate Housing) (THACAGAL)

Keywords

• Co-living real estate
• Property investment management
• Shared apartment rentals
• Energy-efficient renovation
• Residential property development

Headquarters

HQ city

Oberhaching

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Co-Living Rental Income: Rental income from individually rented rooms in shared apartments (Wohngemeinschaften). The company generates above-average rental income by converting traditional apartments into WG configurations, maximizing the number of rentable rooms per square meter.
2. Asset Management Services: Full-service property management including tenant communication, commercial and technical property management. This provides passive investment opportunities for capital investors with minimal time investment required.
3. Property Development and Sales: Development and sale of sustainable residential properties including sustainable portfolio development, energetic renovations, and new construction projects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Immowert GmbH develops, converts, and manages co-living apartments in German cities (Munich, Nuremberg, Erlangen, Stuttgart, Frankfurt), offering fully furnished shared apartments (WG-Zimmer) to students and young professionals and packaging Co-Living real estate as an investment product with full-service asset management. The company runs four business divisions: sustainable portfolio development (Bestandsentwicklung), energy-efficient renovations (energetische Sanierungen), sustainable new construction (Neubau), and asset management. Single-room rental maximizes rental yield and minimizes vacancy risk versus whole-apartment leasing.

Product overview

IMMOWERT GmbH operates as a Co-Living property development and investment company offering a vertically integrated portfolio of services. The core offering consists of Co-Living apartments (WG-Zimmer) for tenants and Co-Living Investment opportunities for capital investors, supported by four business divisions: Nachhaltige Bestandsentwicklung (sustainable property conversion), Energetische Sanierungen (energy-efficient renovations), Nachhaltige Projektentwicklung (sustainable new construction), and Asset Management. The IMMOWERT Standard 2.0 defines the quality specification for all properties, ensuring high-quality finishes including Echtholz-Parkett flooring, modern kitchens with appliances, and smart TVs. Properties are concentrated in major German cities including Munich, Nuremberg, Erlangen, Stuttgart, and Frankfurt.

Differentiator

Problem solved

Functional benefit

Brands

• IMMOWERT Standard 2.0: The company's proprietary modernization and equipment standard that sets them apart in the market, featuring Echtholz-Parkett floors, modern kitchens with appliances, bathrooms with showers, towel radiators, and furnished bedrooms.

Products and services

• Co-Living Wohnungen (WG-Zimmer) Furnished shared apartments (Wohngemeinschaften) offering private rooms with shared communal spaces (kitchens, living areas) to students and young professionals in Munich, Nuremberg, Erlangen, Stuttgart, and Frankfurt. Features include Echtholz-Parkett floors, modern kitchens with built-in appliances, and flexible lease terms.
• Co-Living Investments Capital investment opportunities in Co-Living properties for individual investors, offering above-average rental yields through single-room rental models. Includes full-service asset management, tax optimization through property depreciation, and inflation protection via indexed rent contracts. Sample exposé (Muster-Exposé) provided on request.
• Nachhaltige Bestandsentwicklung (Sustainable Portfolio Development)

Quantifiable outcome

• Up to 80% reduction in energy consumption through energetic renovations
• +3 more outcomes

Named customers2 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

Partnerships

One partnership is on record.

• Property Management PartnerscoreImplementation/ SI/ Consulting PartnerExternal property management service providers that handle the 'rundum-sorglos' (full-service) package for property owners, including tenant communication, commercial and technical property management. These partners are integral to IMMOWERT's full-service investment offering.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Limehome: Limehome operates a digitally managed serviced apartment and short-stay portfolio across Germany and Europe. Comparable to Immowert in furnished urban accommodation for modern renters, though Limehome focuses on individual apartments rather than shared co-living configurations.
• The Social Hub (formerly The Student Hotel): The Social Hub operates hybrid hotel-co-living-student accommodation hubs across European cities. Comparable to Immowert in student/young professional target market and community-focused living concept, though TSH operates larger mixed-use properties.

Broad incumbents

• Grand City Properties: Grand City Properties is a major German residential property operator with a portfolio of tens of thousands of apartments concentrated in urban and metropolitan areas. Comparable as a broad incumbent in the same German rental market Immowert targets.
• Vonovia: Vonovia is Germany's largest residential landlord, managing over 500,000 apartments across the country. Broad incumbent operating in the same German residential rental market as Immowert, with overlap in furnished/student housing segments through subsidiaries.

Direct peers

• Habyt: Habyt is a European co-living operator offering furnished rooms and shared apartments across multiple cities including Germany. Directly comparable to Immowert in target customer (young professionals, students), furnished shared-apartment model, and German/European city presence.
• Medici Living (Quarters / Milestone): Medici Living's Quarters brand is one of Germany's largest co-living operators with locations across major German cities. Closely comparable to Immowert's WG/co-living model targeting young professionals and students in German metropolitan markets.
• numa (formerly NUMA Group): numa operates tech-enabled serviced apartments and co-living units across German and European cities. Comparable to Immowert in furnished short-to-medium stay offerings and German urban presence, though numa is more digitally oriented and broader in geographic scope.

Others

• Real I.S. / Bayernfonds:
• WG-Gesucht.de: WG-Gesucht is Germany's leading marketplace for shared-apartment (WG) listings and the primary tenant-acquisition channel for Immowert. Comparable as an ecosystem enabler that shapes competitive dynamics in the German Co-Living/WG market where Immowert operates.
• Coliving.com / COLIVE: Coliving.com is a marketplace and community for co-living operators across Europe. Comparable to Immowert in shared-living category focus; serves as both a distribution channel and a competitor aggregation point relevant to Immowert's WG-Gesucht tenant acquisition strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/immowert-investment
• Instagraminstagram.com/immowert_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Immowert Gmbh