Garbe

Garbe Institutional Capital Deutschland GmbH is an asset management firm headquartered in Hamburg, Germany. The firm specializes in real estate investment and management, focusing on institutional investors.

business unit bundles the firm's activities in the industrial, logistics and food retail sector. It will include light industrial, science & tech properties as well as traditional logistics properties and data centres. Garbe Commercial Living; focus on "Beds" and service development, covering both traditional residential construction and commercial forms of housing – from hotels and student housing to corporate and senior living and neighbourhood developments. Garbe plans to manage its own projects and act as service developer for third parties. Garbe Reside; bundles several group units: Garbe Immobilien-Projekte, Garbe Commercial Living, Fontenay Management and the pan-European living business. Garbe Infrastructure; focus on infrastructure projects with a focus on the generation and storage of renewable energies. GRR Garbe Retail; formed at the beginning of 2024, when Garbe Institutional Capital completed the takeover of GRR Real Estate Management, a food-anchored retail real estate specialist. At the time, GRR managed a portfolio of around 500 properties worth €2bn, let to retailers and discounters including Aldi, Rewe, Edeka, Lidl and Netto. The takeover expanded Garbe Group's managed real estate assets to around €15bn. Since then, the retail business has grown by over 30% and now has €2.64bn in assets under management. The company has transacted on more than 100 assets – about 75% bought and 25% sold to realise performance. Firm to establish operative units for industrial, residential and infrastructure. The new organisational structure is complemented by an internal advisory unit called Garbe Capital & Strategy, which will take the lead in special situations such as M&A projects. It will build on the expertise of the Garbe Institutional Capital subsidiary and focus on bridging the gap between the capital market and real estate. In 2025, Garbe Industrial has teamed up with ARTAR, a real estate developer in Saudi Arabia, to develop "next-generation logistics facilities" across the Kingdom. The joint venture, AG Logistics Partners, will focus on delivering premium-grade warehouses and distribution centres in key economic hubs, including Riyadh, Jeddah and Dammam.

[AUM enriched 2026-05-16 | confidence: medium] KGAL (Kölner Grundvermögens-AG) — major German real estate and infrastructure manager, estimated €110B+ AUM

the US investor - US REIT has amassed a significant retail park and food store empire in the UK with brands including Next, JD Sports and B&Q, Currys, Sports Direct, Next and TK Maxx since entering the market 2020. The group generally targets acquisitions in the sector that yield between 7% and 8%. New York-listed Realty owns more than 15,000 assets in the US, the UK, Ireland, Spain, Portugal, Germany, France and Italy. 2026-05-20: Realty Income (NYSE: O) — €300m mezzanine commitment in Garbe Project Odin (84% LTV). Continues European CRE debt build-out under Mark van de Wiel (Head of European Debt, joined start of 2025 from Goldman Sachs).

Set to launch three real estate funds totalling EUR 800m in equity: EUR 300m pan-European logistics fund, EUR 260m German residential fund, and EUR 240m food-anchored retail fund. All Article 8-compliant, awaiting BaFin approval.