Hamburg, 13.02.2025. The Becken Group, consisting of Becken, a real estate and investment company, and INDUSTRIA, an investment specialist for residential rental real estate in Germany, concluded its 2024 financial year with significant property and asset management growth. Real estate assets under management of the Becken Group across all of its member companies grew to a total volume of c. 6.3 billion euros by 31 December 2024. INDUSTRIA increased its assets under management by 15 percent from 4.9 billion euros to 5.6 billion euros. Moreover, Becken successfully completed its two office projects in Munich and Düsseldorf, and handed them over to their respective tenants. In the wake of certain market changes and shifts in demand, Becken took over seven additional mandates in the real estate services segment in 2024 and sees potential chances to acquire further mandates in this line of business in 2025. The commissioned real estate services include co-investments, service developments as well as mandates for services like project supervision, project management, manage-to-green projects, asset and investment management as well as sales and marketing.

In addition to the planned expansion of mandates in real estate services, the Becken Group will focus on the growth area of property and asset management in 2025. "INDUSTRIA's goal is to grow by half a billion euros in assets under management in 2025," says Markus Reinert FRICS, COO of Becken Holding GmbH, adding: "In addition, targeted acquisitions will also 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
Becken was increasingly commissioned by external market players in the field of real estate services in 2024 and acted as an external consultant on 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 a growing demand for service developments on the market, 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 very good 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.