Becken Group expands in 2024, shifts focus to property and asset management in 2025

The Becken Group, a leading real estate and investment company, achieved significant growth in 2024 and is set to strengthen its property and asset management divisions in 2025. The Group’s total real estate assets under management increased to approximately €6.3 billion by the end of 2024, reflecting its robust market performance.

INDUSTRIA, Becken’s investment arm specializing in residential rental real estate in Germany, recorded a 15% increase in assets under management, growing from €4.9 billion to €5.6 billion. Becken also successfully delivered two office developments in Munich and Düsseldorf, handing them over to tenants.

In response to evolving market trends, Becken expanded its real estate services division, securing seven new mandates in 2024. These services, covering co-investments, service developments, project supervision, project management, manage-to-green initiatives, asset and investment management, as well as sales and marketing, are expected to see further growth in 2025.

Looking ahead, Becken Group will prioritize the expansion of property and asset management in the coming year. "Our objective for INDUSTRIA is to increase its assets under management by €500 million in 2025," said Markus Reinert FRICS, COO of Becken Holding GmbH. "Additionally, we will pursue strategic acquisitions to drive inorganic growth."

By the end of 2024, the Becken Group employed 230 professionals across its member companies.

Rising Demand for Service Developments

A key trend in 2024 was the growing demand for Becken’s real estate service expertise. The company took on advisory roles for various third-party property development and construction projects across office and residential sectors. "We are witnessing increased demand for service developments, particularly from international investors entering the German market," said Dieter Becken, Managing Partner of Becken Holding GmbH. "These investors seek experienced partners with deep market knowledge and a proven track record in project execution."

INDUSTRIA Sees Growth in Institutional Investor Base

INDUSTRIA experienced a significant shift in investor composition, with the number of institutional investors rising from 50 in 2023 to approximately 80 in 2024. While historically working primarily with German investors, INDUSTRIA is now expanding its reach to international capital providers. "Since mid-2024, we have seen a notable increase in cross-border investor interest, with many placing their first mandates in Germany," said Thomas Wirtz FRICS, Managing Director of INDUSTRIA.

Progress in In-House Property Developments

Beyond third-party services, Becken continued to advance its in-house property development projects. In 2024, the company completed and handed over office developments in Munich (FABRIK) and Düsseldorf (CURVE), with occupancy rates nearing 80%. Additionally, 184 out of 185 residential units at the HOCH DER ISAR project were successfully delivered to buyers. Becken’s property development pipeline now includes 13 projects across major cities such as Frankfurt, Berlin, Munich, and Hamburg, with a total volume of approximately €2.2 billion.

With strong financial performance and increasing investor interest, Becken Group is poised for another year of strategic growth and expansion in 2025.