News | Press Release

Becken Group Continued to Grow in 2024, Will Focus on the Property and Asset Management Segments and on Service Developments in 202

Hamburg, February 13, 2025

• Total real estate assets of the Group increased to c. 6.3 billion euros in 2024
• INDUSTRIA grew by 15 percent since 2023
• Becken secured seven new mandates in its real estate services business
• 13 projects in a volume of 2.2 billion euros in the property development pipeline
• Growing demand among international investors

The Becken Group, comprising the real estate and investment firm Becken and INDUSTRIA, the specialist in residential real estate investments in Germany, reported significant growth in property and asset management in fiscal year 2024. The real estate assets under management (AUM) across all companies managed by the Becken Group rose to a volume of approximately €6.3 billion as of December 31, 2024. INDUSTRIA increased its assets under management by 15 percent, from €4.9 billion to €5.6 billion. In addition, Becken successfully completed its two office projects in Munich and Düsseldorf in 2024 and handed them over to the tenants. In response to market changes and shifting demand, Becken took on seven additional mandates in the Real Estate Services sector in 2024 and sees significant potential for further mandates in this area in 2025. The commissioned Real Estate Services include co-investments, service developments, and mandates for services such as project steering, project management, Manage to Green, asset and investment management, as well as sales and marketing.

In addition to the planned expansion of its real estate services mandates, the Becken Group will focus on the growth area of property and asset management in 2025. "INDUSTRIA's goal is to grow its assets under management by half a billion euros by 2025," says Markus Reinert FRICS, COO of Becken Holding GmbH, adding: "In addition, targeted acquisitions are also expected to contribute to the Group's inorganic growth."

The number of employees on the payroll of all Group member companies was 230 by the end of 2024.

Service Developments: Growing demand for development expertise
In 2024, Becken received an increasing number of commissions from external market players in the real estate services sector and provided external consulting services for various project development and construction projects in the office and residential asset classes. Dieter Becken, managing partner of Becken Holding GmbH, says: "We are seeing growing demand in the market for service developments, increasingly from international investors in project and portfolio development who want to enter the German market. These investors are looking for experienced partners who have excellent market expertise and are able to successfully develop and manage projects."

INDUSTRIA Notes Significant Increase in the Number of Institutional Investors
The evolving investor structure of INDUSTRIA followed a clear trend: The number of institutional investors increased from 50 in 2023 to around 80 last year. Having previously collaborated mainly with German investors, INDUSTRIA is now intensifying its business activities with international capital providers. “Since mid-year 2024, we have registered a significant surge in demand from cross-border investors, of whom more and more wish to place first-time mandates in Germany,” said Thomas Wirtz FRICS, Managing Director of INDUSTRIA.

Progress with In-House Property Developments
Aside from its third-party business, Becken continues to pursue property development projects in its own right. Office developments successfully completed and handed over to their tenants in 2024 include the FABRIK scheme in Munich and the CURVE building in Düsseldorf. The occupancy rate of the properties approximates 80 percent. On top of that, 184 out of 185 residential units of the HOCH DER ISAR property development were successfully handed over to their buyers in 2024. Projects in the property development pipeline of the Becken Group currently add up to c. 2.2 billion euros and include 13 sites in Frankfurt am Main, Berlin, Munich and Hamburg, among other cities.