Selling Up: Germany's Luxury Real Estate Heavyweight Von Poll Immobilien on the Market
Luxury brokerage firm Von Poll is up for sale.
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Germany's luxury real estate powerhouse, Von Poll Immobilien, is up for grabs. Its majority shareholder, Deutsche Beteiligungs AG (DBAG), wants to find a new partner to steer the company's future growth, particularly in digitalization and internationalization [📝1].
Buckle up, folks! One of the country's top real estate agents is about to have a new boss. DBAG, a financial investor based in Frankfurt, is looking to sell its controlling stake in Von Poll Immobilien, seven years after its initial investment. Last year, Von Poll Immobilien recorded its highest turnover ever, a whopping 149 million euros [📝1]. Now, they're seeking a strong partner to guide their long-term plans.
"We need a new partner who can help further develop the company with a vision for the future," says Daniel Ritter, managing partner of Von Poll Immobilien [📝1]. DBAG's spokesperson, Tom Alzin, affirms that the partner selection will be made in tandem with the management [📝1]. Industrial analysts predict the selling price to fall between 150 and 200 million euros [📝1].
A Major First Since 2021
Founded in 2000, Von Poll Immobilien boasts over 400 locations across Germany and other European countries such as Austria, France, and Italy [📝1]. They compete with Engel & Völkers in the luxury real estate market. Von Poll Immobilien plans to continue expanding in Europe and anticipates remaining under the leadership of the managing partners post-sale [📝1].
Remember back in 2018 when DBAG snapped up around 80% of Von Poll Immobilien [📝1]? Well, a sale of the company would be the first major transaction in the German real estate sector since 2021, when financial investor Permira took over a majority stake in Engel & Völkers, reportedly valuing the company at around 700 million euros [📝1]. In that deal, the Völkers family and a slice of the management team retained about 40% of the shares [📝1].
🔵 Mergers & Acquisitions 🔵 🔵 Real Estate
[1] ntv.de, mba/dpa
Unseen Horizons: Today's real estate market is experiencing growing interest in areas like Altona-Nord and Eimsbüttel in Hamburg due to their strategic locations and cultural vitality [📝2]. Additionally, ongoing economic uncertainties haven't swayed private investors or family offices from showing confidence in real estate investments worldwide [📝3]. So, who could potentially snap up this exciting opportunity? Let's consider real estate investment firms, private equity groups, or family offices actively investing in the German and European markets, such as La Française Group, which invests extensively in real estate across Europe [📝2]. However, as the specifics of Von Poll Immobilien's situation remain unclear, this information should be considered speculative.
- The upcoming sale of Von Poll Immobilien, a leading luxury real estate company in Germany, is set to be a significant transaction in the country's real estate sector, marking the first major transaction since 2021.
- The estate in question, Von Poll Immobilien, has over 400 locations across Germany, as well as in other European countries like Austria, France, and Italy, making them rivals in the luxury real estate market with Engel & Völkers.
- For the sale, Von Poll Immobilien is looking for a strategic partner with a vision for the future, particularly in areas of digitalization and internationalization, as stated in their community and employment policies.
