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About Deutsche GRI 2026
Are you actively seeking investments, transactions, or project developments in the German real estate market while trying to understand what the competition is doing?
After another economically and geopolitically turbulent year, investors are trying to understand the current market stand. This is the perfect opportunity to discuss pressing matters like inflation, dealflow and investment risks in the real estate market. Join us and discover the best solutions to deal with market challenges and ensure value.
The 22nd Deutsche GRI brings together the leading real estate investors, lenders, and project developers. The discussion format provides the opportunity to interact with each other easily and break the ice. Save time in finding new business partners, expand existing business relationships, and discuss the most pressing questions in the markets with your industry colleagues.
Format
Closed-door discussions, keynote speakers, case studies, debates, presentations and insights.
Audience
Private Equity Investors, Fund Managers, Operators, LPs, Developers, Asset Owners and Lenders invested in the German real estate markets.
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Wo Knappheit, Regulierung und Kapital aufeinandertreffen
Angebot & Nachfrage — Wo ist die Wohnungsbaulücke in Deutschland am größten, und wie zeigt sie sich bei Mieten, Leerstand und Flächenabsorption?
Regulierung & Umsetzung — Wie beeinflussen Mietpreisregulierung, lokale Planungsregeln und Genehmigungsfristen, was gebaut, saniert oder angekauft wird?
Umnutzung von Büro zu Wohnen — Wo lassen sich Bürobestände realistisch in Wohnraum umwandeln, was sind die wichtigsten technischen und rechtlichen Hürden, und wie ist die Preisgestaltung im Vergleich zum Neubau?
Kosten, Finanzierung & Wirtschaftlichkeit — In welchem Ausmaß begrenzen Grundstücks-, Bau- und Fremdkapitalkosten neue Projekte und Modernisierungen, und welche Strukturen machen Transaktionen tragfähig?
Kapital & Renditen — Wo bietet Wohnen für Core-, Value-add- und opportunistische Investoren weiterhin ein attraktives Risiko-Rendite-Profil, und welche Segmente sind am besten skalierbar?
Wo Neubewertung in Deutschland zur Neuerfindung wird
Neubewertung & Liquidität — Haben sich die Werte stabilisiert, und wo gibt es im deutschen Einzelhandel echte Transaktionsnachweise?
Formate & Standorte — Was funktioniert heute am besten: Innenstädte, Fachmarktzentren oder Einkaufszentren?
Mieternachfrage — Was fordern die wichtigsten Einzelhändler in Bezug auf Flächengröße, Vertragsbedingungen und Flexibilität?
Auswirkungen des Omnichannel-Handels — Wie verändern Onlinehandel, Click-and-Collect und neue Konsumgewohnheiten die Flächenanforderungen im stationären Handel?
Repositionierung & Mischnutzung — Wann rechnet sich bei Einzelhandelsimmobilien eine Reinvestition gegenüber einer Umnutzung tatsächlich?
Kapitalallokation — Wie konkurrieren Rechenzentren in Deutschland um Kapital mit Logistik, Wohnen und klassischen Core-Assets?
Standort & Stromversorgung — Welche Regionen in Deutschland bieten noch die richtige Kombination aus Netzkapazität, Glasfaseranbindung und planungsrechtlichen Voraussetzungen?
Hyperscaler & Mieter — Wie beeinflussen Cloud- und Plattformkunden Mietvertragsbedingungen, Laufzeiten und Risikoprofile?
Entwicklung & Konversion — Wann ist es sinnvoller, neu zu bauen, und wann lohnt sich die Umnutzung bestehender Standorte oder Industrieimmobilien?
German Real Estate Debt: Terms, Risk and Capital Stacks
Who’s Lending & Where — Which lenders are active today (banks, Pfandbriefbanken, debt funds), and which sectors/strategies are they backing or avoiding?
Risk Pricing & Terms — How are margins, LTVs, covenants, amortisation and “go/no-go” criteria changing by sector, location and sponsor quality?
Refinancing Wall & Solutions — Where is refinancing pressure highest, and what tools are emerging (extensions, recapitalisations, rescue capital, amend-and-extend)?
Banks vs. Private Credit — Where do banks step back and debt funds step in—and what’s the pricing and flexibility trade-off?
Capital Stack & Security — How are senior, mezzanine, preferred equity and JV equity being combined, and how are intercreditor terms/collateral packages evolving?
Jürgen Michels serves as Managing Director, Chief Economist, and Head of Research at BayernLB, a role he has held since October 2013. Prior to joining BayernLB, he was the Chief Euro-area Economist at Citigroup in London from 2008 to 2013, having previously worked as an economist in their Investment & Research Analysis department since 2002. Michels also gained experience as an economist at Sal. Oppenheim from 1997 to 2002. He earned a doctoral degree in Economics from Goethe University Frankfurt, specializing in central bank strategies, and a Diplom degree in Economics from the University of Bonn.
Sebastian is a partner and head of the CMS practice group Real Estate & Public in Germany. Sebastian Orthmann provides advice to national and international investors and project developers on the acquisition and sale of companies as well as real estate and real estate portfolios (domestic and cross-border), both in the form of asset deals and share deals. He also focuses on advising on joint ventures, corporate structuring measures, project developments, commercial lease law and financing. His clients include institutional investors, banks, asset managers, family companies and public authorities as well as corporates from the automation, chemical, cosmetic, electrotechnical, logistics, retail, IT and manufacturing sectors.
Bernd Haggenmüller, Senior Managing Director, joined ARDIAN in August 2016 as Managing Director Real Estate in Frankfurt. Prior to this he worked 9 years as Managing Director of Shaftesbury Asset Management responsible for Acquisitions and Asset Management in Germany after 2 years as MD of Multi Asset Management BV, Gouda, The Netherlands:. Between 1997 and 2005, Bernd was with the Commerz Grundbesitz Group (Commerz Real), initially with responsibility for acquisitions on behalf of the open ended fund hausInvest and, thereafter, as Managing Director of Commerz Grundbesitz Spezialfondsgesellschaft. He started his career with ECE Projektmanagement in Hamburg and holds a Master of Science from WHU (Otto-Beisheim-Hochschule), Vallendar.
Manja Stueck is a Managing Partner at BGO. She co- founded BGO's European debt business which has invested over $6 billion of capital from institutional investors and is an active lender on commercial real estate properties located in the UK and across Western Europe. She is a member of the Investment Committee and responsible for strategic business development, fundraising, fund management, and capital markets. In her prior role Manja was European head of Lehman Brothers Global Real Estate Syndication Group.
Global Head of Investment ManagementEmpira Asset Management
Germany
n meiner Rolle als Global Head of Investment Management bei der Empira Group habe ich die Verantwortung für die Internationalisierung der Investments des Unternehmens.
Mit einer umfangreichen Berufserfahrung von über 30 Jahren habe ich zuvor als Managing Director im Bereich Immobilien und Infrastruktur bei der R+V Versicherungsgruppe ein Portfolio im Wert von 10 Milliarden Euro im Equity- und Debt-Bereich verantwortet.
Ulrich von Creytz is Chief Investment Officer of DWS’s European Real Estate business. Ulrich joined the firm in 2004 and has held several leadership positions within its real estate business. Most recently, he was Head of the Real Estate Specialist-Team in Europe. Additionally, he is a board member of DWS’s Real Estate entities since 2014. Ulrich has a First State Examination in Law from University of Freiburg; Second State Examination in Law from Superior Court of Justice Berlin; PhD in Constitutional Law from University of Freiburg; Real Estate Economist from European Business School.
Stefan Klingsöhr is Managing Partner of Klingsöhr Group, Berlin. He has more than 20 years of experience in real estate management and business administration services for institutional and private investors, covering the asset classes "residential", "commercial", and "healthcare." Prior to the formation of Klingsöhr Group, Stefan Klingsöhr headed the fund concepts division at Dr. Böckmann & Partner. Afterwards, he was head of the project development division at Rentaco AG.
ZAGA Capital Partners is a private real estate firm specializing in opportunistic and value-add investments across Europe, with a specialised focus on Germany, Austria, and Switzerland.
Christian Korak, Commercial Director at B3, has over ten years of experience in the real estate sector. His previous roles include Director and Partner at assiduus3, a strategic position alongside the CDO of Vonovia SE, and Senior Finance Director at BUWOG. In these roles, he led M&A transactions, valuations, and strategic initiatives, such as the integration of BUWOG’s development division into the Vonovia Group.
Expertise in commercial real estate investment & finance: sourcing, structuring and executing investment opportunities across Europe.
Investment, development of 20 multifamily houses & management of residential portfolio across Germany. Creating value through repositioning asset.
Build a strong network working 6 years in the European institutional market in London and expanded my network across family offices in Germany over the past 7 years.
Senior Development Director at Greystar Germany with a demonstrated history of working in the
international hospitality and residential industry – Responsible to drive Greystar’s expansion into the German and Austrian markets.
Managing Director, Real Estate | Country Head GermanyBarings
Germany
Leads Barings’ real estate equity activities in Germany, overseeing origination, portfolio execution and client engagement
- Responsible for overseeing all transaction activity across the German market as well as overseeing all asset management activities in relation to Barings’ German portfolio
- Contributes to platform strategy and supports the development of the broader European real‑estate business
Ardian ($160 of AUM) focuses on private equity investment and asset management for institutional investors. Ardian offers to its clients a diversified choice of funds (Funds of Funds, Private Debt, Private Equity Direct funds, Infrastructure, Real Estate and Real Estate Debt)
Kasimir zu Eltz serves as Director of Real Estate Debt at Barings Asset Management, a leading global investment manager. Based in the UK, he specializes in real estate debt financing and investment strategies across European markets. With extensive experience in commercial real estate finance, Kasimir focuses on originating and managing debt investments for institutional clients. At Barings, he plays a key role in the firm's real estate debt platform, leveraging deep market knowledge to identify attractive investment opportunities. His expertise spans various property sectors and debt structures, contributing to Barings' reputation as a trusted partner in real estate capital markets.
Lars joined RI Partners as CEO in 2015. RI Partners is an active investment company specialized in the value-enhancing management of real estate for institutional and semi-institutional investors. Prior to that he worked as a senior project manager in real estate investment banking at the investment bank BERENBERG. Previously to that he gained his professional experience as a consultant in transaction management focusing on corporate finance in Hamburg.
Lars received an international MBA at the International Real Estate Business School with modules at Harvard University and the University of Reading; he graduated as Real Estate Economist at the ebz Business School and as Private Equity Advisor at the European Business School.
Head of International Real Estate Finance & FundsBayernLB
Germany
Oliver Sill is Senior Director of BayernLB and serves national and international RE clients such as funds, listed RE companies and developers. He joined BayernLB in 1989 and has held a variety of specialist and sales positions in commercial RE. During his career he was responsible for all kinds of RE clients including companies with assets in residential, office, retail, hotels and hospitals. For the last 15 years he focused on international transactions including countries like the US, UK, France, Netherlands, Belgium and Poland. Also in charge of institutional international clients that focus on investing in German RE assets. At the moment he is overlooking a RE portfolio of approximately € 3 bln with his clients.
Simon Koenig founded Lakeward Holding 2013. Prior to that, he was a Managing Director at Armada Investment AG, the single Family Office of Daniel S. Aegerter. During his time at Armada he was also a CEO at Gutburg Immobilien SA, the owner and manager of a large German residential real estate portfolio. Before this he held various positions in Asset Management, Corporate Finance, Accounting/Controlling and Banking for companies like Pempa Credit Advisors (Man Investments), KPMG Corporate Finance, Credit Suisse First Boston and Schweiz. Kreditanstalt.
Simon Lutz is a partner at Peakside Capital and is responsible for acquisitions and investment management in Germany. He has been with the company since the Frankfurt office opened in 2013 and became a partner in 2020.
Danilo Hunker is responsible for managing the local office in Berlin and driving investment strategy and asset management for Germany. Danilo has over 20 years of experience in commercial real estate in Germany. He is former Head of Germany at Valad Europe /Cromwell Property Group, where he was responsible for the investment and asset management of a combined portfolio of up to €1bn, working very closely with some of the world’s largest private equity businesses. Danilo holds an MBA in International Real Estate from Bauakademie Biberach and a Bachelor of Commerce (Real Estate) from the university of applied science in Berlin and is a Member of the Royal Institution of Chartered Surveyors.
Fritz Stoessel is a Managing Partner at Peterborough Capital, a principal investment manager he co-founded. With over two decades of combined real estate investment experience across Europe, he previously served as Managing Director and Partner at Sector7 Investors, a Berlin-based property investor and developer. In this role, he was responsible for acquisitions, investment strategy, financing, partnerships, and value creation initiatives. Earlier in his career, he spent six years in the Real Estate Principal Investing Area at Goldman Sachs in London. At Peterborough Capital, Fritz is instrumental in executing a relative value strategy, focusing on real estate opportunities in key markets across Germany, France, and the UK.
Marius Koch, Managing Director. Mr. Koch joined Cerberus in 2009. Prior to joining Cerberus, Mr. Koch worked in the Real Estate Research Department of Corpus Sireo. Mr. Koch graduated from the European Business School (EBS) with a B.S. in General Management and a M.S. in Real Estate Finance and Investments. His responsibilities include the underwriting and execution of real estate and NPL transactions across Europe with a focus on Germany, Portugal, Nordics and CEE.
Executive Director | Head of TransactionsPGIM Real Estate
Germany
Dr. Olivier Cochet serves as Executive Director and Head of Transactions at PGIM Real Estate in Frankfurt, Germany. With extensive expertise in European real estate markets, he leads transaction activities across the region for one of the world's largest institutional real estate investment managers. Dr. Cochet brings deep knowledge in real estate investment, asset management, and cross-border transactions. His role encompasses identifying and executing strategic investment opportunities, managing complex deal structures, and driving PGIM Real Estate's growth initiatives in the German and broader European markets. His academic credentials and industry experience position him as a key leader in institutional real estate investment.
Director, European RE Private EquityBarings Real Estate Advisers
United Kingdom
Rob Fairfax serves as Director of European Real Estate Private Equity at Barings Asset Management, a leading global investment management firm. Based in the UK, he specializes in European real estate investment strategies and private equity transactions. Fairfax brings extensive experience in real estate capital markets, focusing on identifying and executing investment opportunities across diverse European property sectors. In his role at Barings, he is responsible for sourcing, evaluating, and managing real estate private equity investments, contributing to the firm's comprehensive alternative investment platform that serves institutional and retail clients worldwide.
Director InvestmentHenderson Park Capital Partners Germany
United Kingdom
Hannibal DuMont Schütte
Co-Founder und GeschäftsführerSTAYERY
Germany
Experienced Co-Founder with a demonstrated history of working in the hospitality industry. Skilled in Hospitality Industry, Serviced Apartments, Marketing, Management and Start-ups. Strong business development professional with a Master’s Degree focused in Business Administration and Management from WHU – Otto Beisheim School of Management.
Dr. Josef Vollmayr is Co-Founder and Managing Director of limehome, a 2018 founded, radically tech-driven hospitality concept. Within less than 2 years the company grew to over 120 employees, operates around 100 locations in Germany, Austria, Spain and Netherlands in over 40 cities. In Series-A they received more than 25 Mio funding from HV Ventures, Lakestar, Picus and GGC. Previously, Dr. Josef Vollmayr worked for 5 years as a management consultant at McKinsey & Company with a focus on growth strategies for consumer industries and private equity. He is author of research articles, lecturer for statistics, CRM and empirical research methods at several universities and invests as a business angel in tech start-ups.
Matteo Ghedini is the founder and CEO of Brera Serviced Apartments. Matteo started Brera in 2013 by opening the first location in Nuremberg. Since then Brera expanded in many German cities and manages today ca. 700 Apartments. Born in Italy, Matteo started his career as a consultant at the Boston Consulting Group, attended an MBA at INSEAD and thereafter successfully completed the turnaround of a Real Estate Family Office in Germany. Passionate about Interior Design and about unleashing People´s talent, Matteo´s goal is to develop Brera to one of the most important long stay players in Europe.
Real Estate professional & RICS member with a background in Coworking, Coliving, and Hospitality. Leading Bob W’s expansion across Europe, one of the fastest-growing, tech-enabled serviced apartment operators for 1–90 day stays. Bob W operates in 16 countries across Europe, with more than 4,500 apartments either in operation or development. We are the only carbon-neutral hospitality operator. We sign Master Leases and Management Agreements and work with investors and developers to secure funding and develop assets ranging from 25 to 200 apartments in core European markets. Backed by some of Europe’s top VC firms and UHNW family offices. Through our joint venture with OCIM, we have multiple capital partners to acquire, invest in, and develop hotel real estate across Europe.
Sven Küstermann serves as Director Real Estate Expansion at Numa Group, a leading hospitality technology company specializing in aparthotels and serviced apartments. In his role, he oversees strategic real estate expansion initiatives across European markets, identifying and securing prime locations for Numa's growing portfolio of properties. With extensive experience in real estate development and hospitality sector growth, Küstermann plays a crucial role in Numa's mission to revolutionize urban accommodation through technology-driven solutions. His expertise in market analysis and property acquisition has contributed to the company's rapid expansion across major European cities, supporting Numa's vision of providing seamless, digitally-enhanced hospitality experiences.
Founder and Managing Director at YOOBELONG GmbH. YOOBELONG is the first local community builder for ‘young seniors’ in Germany (whether young by age, or young by heart). Jil has 20 years of experience in international environments with real estate development and services companies as well as tech companies in the digital consumer and enterprise software areas.
Lars Meisinger is CEO and Chairman of the Executive Board of DLE Group AG. As CEO of DLE Group AG, Lars is responsible for the strategic direction and overall management of the group, with specific oversight of sales, communications, and human resources departments. Bringing over 25 years of experience in the investment management sector to his role, he has a proven track record of leadership and expertise.
Co-Founder and Managing PartnerZeitgeist Asset Management
Czech Republic
Peter Noack is co-founder of ZEITGEIST Asset Management. Today ZEITGEIST has over 50 projects under management with a total investment volume of ca. 800 mio Euro. ZEITGEIST with offices in Prague, Warsaw and Berlin, is a Real Estate Developer and Asset Manager for private and institutional investors in Germany and Central Eastern Europe. Prior to ZEITGEIST, Peter worked in institutional real estate in Germany, Central Eastern Europe and Turkey for HOCHTIEF Development and Rödl & Partner in Germany and Czech Republic. He is registered as licenced attorney at law in Germany and Czech Republic and holds a Law degree from Goethe University in Frankfurt, Germany.
Refael Zamir serves as CEO of Grand City Properties, a leading German residential real estate company. Under his leadership, the company has grown to become one of Europe's largest property investment firms, managing over 60,000 residential units across Germany and other European markets. Zamir brings extensive experience in real estate investment, urban development, and portfolio management. He has been instrumental in driving the company's strategic expansion and modernization initiatives, focusing on sustainable property development and tenant satisfaction. His expertise spans across property acquisition, asset management, and market analysis, positioning Grand City Properties as a key player in the European residential real estate sector.
Philipp Braunfels serves as Managing Director at Jamestown, a prominent real estate investment and management company. Based in Germany, he oversees the company's Latin American operations and strategic initiatives. With extensive experience in international real estate markets, Braunfels brings deep expertise in cross-border investment strategies and market development. His leadership focuses on identifying and executing value-driven real estate opportunities across Latin America, leveraging Jamestown's global platform to deliver institutional-quality investment solutions. Under his direction, the company has expanded its presence in key Latin American markets while maintaining its commitment to innovative real estate strategies.
We pursue an integrated approach to real estate. We find solid platforms from which we can create sound investments, all around the world. From shopping to public or living spaces, from management to turnkey projects, we are the most far-sighted partner to have when developing innovative concepts.
Melissa is an Investment Director at ECE Real Estate Partners. ECE Real Estate Partners is an institutional investment management firm focused on European shopping centres and hotels with more than € 10bn assets under management. Melissa is responsible for a portfolio of shopping centres throughout Europe. In addition, Melissa carries out acquisitions of new assets for the various funds and divestments of the existing assets. Prior to joining ECE REP in April 2018, Melissa worked as an Analyst for Aerium Finance in London from August 2015 to March 2018, focusing on commercial investments (retail & office) in Germany, Finland, Spain, and the UK. Melissa holds a Master of Science degree in Real Estate Investment from Cass Business School
Head of Real Estate & ExpansionALDI Nord Real Estate
Germany
Ulf Klett ist Director Real Estate & Expansion bei ALDI Immobilienverwaltung GmbH & Co. KG. In dieser Position verantwortet er die strategische Entwicklung und Erweiterung des Immobilienportfolios von ALDI Nord. Sein Fokus liegt auf der Sicherstellung einer optimalen Standortentwicklung, um die Einkaufsqualität für die Kunden zu verbessern und das Filialnetz zukunftsgerichtet auszubauen. Er arbeitet eng mit Projektpartnern zusammen, um neue Filialstandorte zu entwickeln und bestehende zu optimieren.
DATA CENTER PARTNERS is a leading operating partner for hyperscale and colocation data centers. The company plans, builds and operates data centers across Europe with a focus on Germany, Austria and Switzerland. The firm manages and develops assets with a current value of 660 Mio. EUR and close to 200 MW in operation or under development. Dr. Christopher Stief is founder & CEO of the firm.
ATCP ist ein Unternehmen der Aroundtown Gruppe. Der Konzernbereich Gewerbe-Immobilien vereint Expert:innen aus allen Bereichen des Immobilien-Managements. Die zielgerichtet zusammengestellten Teams entwickeln für jedes Objekt die beste Strategie und setzen diese vollumfänglich um. Das inhouse Leistungsspektrum umfasst Vermietung, Asset-, Property- und Bau-Management, Development sowie u.a. Mietenbuchhaltung, Controlling und Nebenkostenabrechnungen. Unsere spezialisierten Teams beraten zudem Unternehmen jeder Größe bei der Suche nach passenden Flächen sowie der flexiblen Gestaltung und Umsetzung von Flächenkonzepten.
Philipp Schoennenbeck is a Partner at CMS Hasche Sigle in Hamburg, one of Germany's leading international law firms. He specializes in corporate law, mergers and acquisitions, and commercial transactions. With extensive experience in advising domestic and international clients on complex business matters, Philipp has established himself as a trusted legal advisor in the German market. He provides strategic counsel on corporate restructuring, joint ventures, and cross-border transactions. His expertise spans various industries, helping clients navigate regulatory challenges and achieve their business objectives through sophisticated legal solutions.
Curth-C. Flatow ist Gründer und Managing Partner der FAP Group. Als gelernter Bankkaufmann absolvierte er mehrere Stationen im Private und Investment Banking. Er war als Prokurist von Credit Suisse in Deutschland tätig, wo er unter anderem internationale Immobilieninvestments und Corporate sowie Real Estate Debt Transaktionen begleitete. Im Jahr 2005 gründete er FAP als Debt Advisor mit dem Fokus auf großvolumige Senior und Mezzanine Loans und baute das Geschäft seitdem zusammen mit seinem Team zur heutigen Plattform mit einem separaten Debt Investment Geschäft aus. FAP verfügt aktuell über Kapitalzusagen von mehr als € 1,1 Mrd. und zählt mit über € 18 Mrd. strukturiertem Fremdkapital zu den Marktführern mit dem Fokus auf Real Estate Debt.
Guillaume BERNARD has been active in the real estate finance markets for more than 10 years. He started his career at Société Générale in Frankfurt in the Debt Capital Markets and then moved to the Real Estate Finance. He joined NATIXIS in 2012 in the real estate finance origination team.
Located in BayernLB’s office in Frankfurt, Gunnar Rüffer is responsible for international and domestic client of the Greater Frankfurt real estate clients. Before joining BayernLB he was heading the Loan Sales and Securitisation department within Eurohypo’s Debt Capital Markets division. Altogether he can look back on a more than 25 years ofreal estate banking experiences. Prior to joining Eurohypo in 2002 he worked as an analyst within the CRE Structured Finance sector at Dresdner Bank New York Branch.
Managing Director, Global Capital MarketsWalker & Dunlop
United Kingdom
Jessica Bell is a managing director of EMEA Capital Markets at Walker & Dunlop, based in London. In her role, she is responsible for sourcing and structuring a diverse range of commercial real estate capital solutions, including senior, mezzanine, whole-loan, bridge loans, loans on loan, equity joint ventures and recapitalizations. Ms. Bell brings 20 years of experience in various roles, including lender, syndicator, and institutional investor, with a strong focus on structuring and executing debt and equity transactions across the U.K., Europe, Asia, and the U.S.
He has over 20 years of experience in Finance & Banking. 12 years as Deputy Head of Corporate Finance and Head of Real Estate and Project (Volksbank International/Sberbank Europe), 3 years as Deputy Head of Credit Department in an Italian cooperative bank (Raiffeisen) Private Wealth and Asset Management in an Austrian bank for Italian and German private clients (BAWAG) Project manager of several banking related key projects (bank license application, sale of banking group), several supervisory board mandates in CEE subsidiaries. Business Development Manager for a Multi-Family Office (Carey – Group) Investment Director (NPL) in Intrum Austria Since 2018: Real Estate and Project Finance in HYPO NOE Landesbank für Niederösterreich und Wien AG.
Ruprecht founded Albulus, an investment advisor to the Albulus CREDIT fund and several separately managed accounts, in 2011. Albulus is actively acquiring sub-performing and non-performing CRE loans on the secondary market with a focus on the DACH region. In 2004 together with the Soros Real Estate Partners he founded one of the first NPL investment platforms in Germany. Ruprecht has 25 years of real estate investment experience. His career started with Gerald Hines as a project manager for a major development in Berlin. He holds a diploma from Hochschule St. Gallen and a MBA from the University of Chicago. He holds a Ph.D. from the University of Vienna in BA, specializing in real estate.
Stefan is a founding partner of 4 Friends Investment Group (4FI) and responsible for the general strategy, acquisition and structuring as well as member of the investment committee. 4FI is a privately held investment manager with a focus in the sectors health & lifestyle and real estate combining both platform and corporate investments. Through different subsidiaries 4FI has acquired real estate in continental Europe in excess of 700mn EUR and has invested into five different platforms. Prior to 4FI, Stefan founded ACREST Property Group, Germany’s largest non captive retail asset manager and worked for companies such as TishmanSpeyer or Tenkhoff Properties. He is an active member of ULI and ZIA.
Stefanie Kern has many years of experience advising on real estate transactions and real estate M&A. She advises institutional and private equity investors from Germany and abroad, family offices, banks as well as national and international companies on real estate transactions of all kinds, both asset and share deals as well as sale & lease-back transactions, portfolio transactions and real estate outplacements. She also provides advice on real estate law in connection with project developments, portfolio and asset management and real estate financing. Her expertise also includes advising on all aspects of heritable building rights and commercial tenancy law.
In addition to her client work, Stefanie Kern regularly publishes and lectures on real estate law and is a lecturer at the IREBS Real Estate Academy.
Stefanie Kern has been working as a lawyer since 2005 and was made partner of a large Anglo-American law firm in 2016. She moved to CMS in 2025.
Antje Lubitz serves as Managing Director & Partner at 3PM Services GmbH, a leading German consulting firm specializing in project and portfolio management solutions. With extensive expertise in organizational development and strategic consulting, she leads the company's initiatives in delivering comprehensive project management services across various industries. Under her leadership, 3PM Services has established itself as a trusted partner for businesses seeking to optimize their project delivery capabilities. Lubitz brings deep knowledge in change management, process optimization, and team development, helping organizations achieve sustainable growth through effective project management methodologies and tailored consulting approaches.
Prior to founding Fundament, Ben acted for 12 years as country head of Round Hill Capital including 5 years as CEO of Vitus Group. Selected previous experience include Head of German and Austrian real estate business for Pears Global, Director of Acquisitions at The Mills Corp. and KanAm Group in Munich, and Director of New Business Development at Tishman Speyer Properties in London and New York.
Ben holds a Dual Masters degree in Business Management and Engineering from TU Berlin and Masters of Real Estate Development from USC, Los Angeles.
GeschäftsführerInstone Real Estate Development GmbH
Germany
Ralf Werner serves as Geschäftsführer at Instone Real Estate development, Germany's leading residential developer. Responsible for the Frankfurt, Hamburg, and Cologne branches, he has dedicated over two decades to the real estate sector. Joining the company in April 2000, Mr. Werner progressed through key roles, including Niederlassungsleiter, before assuming his current leadership position in January 2020. A Diplomingenieur, his expertise encompasses residential property development, strategic direction, and sustainable urban planning, consistently aligning customer needs with political requirements. He is instrumental in creating liveable urban spaces that deliver social, ecological, and economic value. Mr. Werner also lectures on project
Sebastian Wasser is the Chief Executive Officer (CEO) of Ehret+Klein AG and responsible for the strategic direction and operational performance of the group. He drives the company’s transformation toward an integrated platform combining investment, asset and property management, supported by a resilient capital structure, clear governance, and digital, data-driven steering tools.
Wasser brings more than ten years of experience across investment, asset and property management and has overseen transactions exceeding €1 billion in both regulated and unregulated investment structures. Prior to his role as CEO, he established ehret+klein Capital Markets as a new investment manager within the group. He holds a degree in Real Estate Management.
Managing Director, Hotel Germany & EMEA Hospitality Leadership TeamColliers International - Deutschland
Germany
Andreas Ewald is Head of Hotel Germany at Colliers and a member of the leadership team of the firm’s EMEA Hospitality Practice Group. With more than 25 years of international experience in real estate and hospitality advisory, he is widely recognized for his strategic expertise across hotel investment, consulting, and transactions.
Prior to joining Colliers, he was a Founding Partner at Engel & Völkers, where he established and led the Hotel Consulting division. He previously held senior leadership roles at EY, heading the Hamburg real estate office and leading hotel advisory services across the DACH region. Earlier in his career, he worked with Arthur Andersen and PKF in London.
Daniel Argyrakis is responsible for the finance, investment and legal department at GIGA.GREEN. His experience is based of previous working experiences as certified auditor and tax advisor at Deloitte and KPMG. The past couple of years he worked for ZAR Real Estate / Net Zero Properties and GIEAG Immobilien AG as Managing Direcot / Executive Board Member. He was in resonsible role for major transactions (Castle Deal) and Financing of Asset Acquisitions (Developments and Residential Units) as well as the transformation from a Development Company to an Asset Holding Company where he finance 500m Euro Senior Loan with a German Banking Instutute as well as a Junior Loan of 105m Euro. Daniel Argyrakis was responsible for setting up a Luxemburg Structure to acquire and manage residential units in Germany. He joined GIGA.GREEN in September 2025 where he supports the growth of the company with his knowledge and experience in setting up financing structures (secured and unsecured).
David Zwilling is Co-Founder and Chairman of STYX AG.
As a seasoned entrepreneur, he exited his first startup as a teenager and led the transformation of his family’s business from a regional logistics firm into a hidden champion. An active investor, he manages his own real estate portfolio and has extensive experience in venture capital, urban innovation, and PropTech. At STYX, David shapes strategic direction and operational value creation, connecting the real estate industry with pioneering technologies across Europe.
Iris Hagdorn serves as Head of Sustainability at HIH Invest Real Estate GmbH, a prominent German real estate investment management company. In her leadership role, she drives environmental, social, and governance (ESG) initiatives across HIH's extensive portfolio of commercial and residential properties. Hagdorn specializes in implementing sustainable building practices, energy efficiency programs, and green certification processes. Her expertise encompasses climate risk assessment, sustainable finance frameworks, and stakeholder engagement strategies. She plays a pivotal role in advancing HIH's commitment to responsible investing and environmental stewardship in the German real estate market, contributing to the company's reputation as a forward-thinking ESG-focused investment manager.
Limor Silvia Bermann serves as Chief Strategy Officer (CSO) at Aroundtown SA, one of Europe's largest commercial real estate companies headquartered in Germany. In her strategic leadership role, she oversees corporate strategy development and implementation across the company's extensive portfolio of office buildings, hotels, and residential properties. Bermann brings significant expertise in real estate investment, portfolio management, and strategic planning to guide Aroundtown's growth initiatives across major European markets. Her leadership contributes to the company's position as a leading player in the European commercial real estate sector, with a focus on prime locations in Germany and other key European cities.
Maximilian Riede serves as Head of ESG at Swiss Life Asset Managers DE, where he leads environmental, social, and governance initiatives across the firm's investment strategies. Based in Germany, he oversees the integration of sustainable investing principles into portfolio management and drives the implementation of responsible investment frameworks. Riede brings expertise in ESG risk assessment, sustainable finance regulations, and stakeholder engagement to his role at one of Europe's leading asset management companies. His work focuses on developing ESG methodologies and ensuring compliance with evolving sustainability standards in the German and European markets.
