1959 Bayerische Vereinsbank and the Bayerische Hypotheken- and Wechselbank launched the first open-ended real estate fund – since then there have been many amendments to the legal framework.
With the KAGB and other laws and guidelines, such as the KARBV or the KAIT, There is extensive regulation in Germany today for collective investment in real estate. Exceptions are the so-called investment clubs.
We support fund managers, KVGen and asset managers as external consultants with many years of know-how in real estate fund management of German and pan-European real estate fund products.