Top Property Development Companies in Germany
Germany’s property development sector plays a vital role in shaping the country’s cities and infrastructure. From large-scale urban regeneration projects to state-of-the-art commercial and residential buildings, developers are driving innovation in design, sustainability, and technology.
With demand for housing, office space, and mixed-use developments continuing to rise, the market has become a key area of focus for investors, policymakers, and businesses alike.
In this article, we highlight the top 10 property development companies in Germany, ranked by turnover.
Overview of Germany’s property development sector
Germany’s property development market is one of the largest and most diverse in Europe, driven by strong economic fundamentals and high demand for both residential and commercial space. Urbanisation continues to drive growth in major cities such as Berlin, Munich, Frankfurt, and Hamburg, where developers are reshaping neighbourhoods with large-scale housing schemes, mixed-use projects, and landmark office towers.
Sustainability has become a defining theme in the sector. Stricter EU and national regulations, combined with investor and tenant demand, are pushing developers to prioritise energy-efficient design, green building certifications, and smart technologies that reduce carbon footprints.
This shift is also reflected in the rise of ESG-focused financing, where projects with strong environmental and social credentials attract favourable investment terms. Data from our own platform shows that the average amount of equity raised by companies with an ESG Signal is 19.9% higher than companies without an ESG focus.
The market is not without its challenges. Rising construction costs, supply chain disruptions, and higher interest rates have created pressure on margins and delivery timelines. Yet, leading developers are adapting by diversifying portfolios, leveraging digital project management tools, and forming joint ventures to share risk and expertise.
Germany’s reputation as a safe and stable real estate market means that it continues to attract significant international capital, reinforcing the importance of its property development sector as a driver of economic growth and urban transformation.
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Methodology
To be eligible for this ranking, a company has to meet the following criteria:
- Headquartered in Germany
- Listed as ‘Active’ on the German Handelsregister
- Classified within the ‘Property development and construction’ in Germany, using Beauhurst’s industry classification
Companies have been ranked by annual turnover. Only companies with turnover filed from 31st December 2023 onwards have been included in the ranking.
The data for this report was found using the Beauhurst platform, and is accurate as of 1 October, 2025.
The top 10 property development companies in Germany
Nemetscheck
Founded: 2008
Location: Bavaria
Turnover: €1.01b
Nemetschek develops software used across the architecture, engineering, construction, and operations sectors. Its products support the full building lifecycle, from design and planning to construction and facility management.
Operating a portfolio of specialist subsidiaries, Nemetschek serves architects, engineers, and contractors in more than 140 countries. The Munich-based company has made four acquisitions and in its latest financial statement, has posted £1.01b in turnover.
Stadtbau Würzburg
Founded: 1900
Location: Bavaria
Turnover: €1.26b
Stadtbau Würzburg runs a communal housing company that provides and manages residential properties in Würzburg.
The business has been awarded three patents, recognised by 13 global authorities, and has seen its turnover almost double since 2021. Its latest financial statement shows a turnover of €1.26b.
BREMER
Founded: 1985
Location: North Rhine-Westphalia
Turnover: €1.31b
BREMER, based in Paderborn, builds and manages commercial properties. Delivering turnkey construction projects across Germany, and acting as a general contractor for commercial, industrial, and logistics buildings, the company provides in-house design, planning, and project management services.
The business has five patents awarded by authorities in Austria and Germany, and by the European Patent Office. And with a turnover of £1.31b, BREMER takes number eight on our list of property development companies in Germany.
Sto
Founded: 1884
Location: Baden-Württemberg
Turnover: €1.63b
Sto manufactures and supplies building materials, including facades, acoustic surfaces, and floor coatings. The Stühlingen-based business also works with architects, contractors, and building owners, providing systems used in both commercial and residential construction.
Appearing on the European Coatings: Europe’s Top 25 high growth list for three consecutive years, Sto has also received a large innovation grant from the Bundesministerium für Wirtschaft und Energie, and in its latest financial year turned over €1.63b.
PERI
Founded: 1981
Location: Bavaria
Turnover: €1.99b
PERI is headquartered in Weißenhorn, and since being founded in 1969 has grown into a leading global supplier of formwork and scaffolding systems.
A key recent move for PERI was its acquisition of Mabey Hire Ltd. (UK) in May 2024, strengthening its presence in the infrastructure and renovation market by adding ground shoring, propping and jacking, temporary bridges, and sensor systems to its portfolio.
With a turnover of €1.99b and 176 patents granted underpinning its innovation strength, PERI remains a major force in Germany’s property and construction sector.
Vonovia
Founded: 1872
Location: North Rhine-Westphalia
Turnover: €5.12b
Vonovia is a German residential real-estate company that owns, manages and leases housing units across Germany, Sweden and Austria. Its core business involves providing rented homes, maintaining and upgrading its housing stock, and managing neighbourhoods.
The company controls hundreds of thousands of residential units in a wide network of cities and regions. Vonovia also performs property and facility services, such as repairs, tenant services and infrastructure maintenance.
With two innovation grants from the Bundesministerium für Wirtschaft und Energie totalling €349k, and an annual turnover of €5.12b, Vonovia comes in at number five on our list.
Goldbeck
Founded: 1966
Location: North Rhine-Westphalia
Turnover: €6.39b
Goldbeck is a proptech company specialising in commercial and public-sector buildings using a modular approach. The company prefabricates structural components in its own plants, then assembles them on site to deliver turnkey buildings. The company also undertakes refurbishments and expansion of existing buildings, and offers related services such as property or facility management.
The business, which appeared on the Lünendonk-Liste high growth list for 2024, has six patents for its manufacturing processes, and had a turnover of €6.39b in its latest financial year.
Exyte
Founded: 1912
Location: Baden-Württemberg
Turnover: €7.42b
Exyte is an engineering, procurement, and construction company based in Stuttgart that designs and delivers sustainable and high-tech facilities for its clients.
In 2024, the company made three acquisitions — US-based Kinetics and CollabraTech, in addition to German chemical plant manufacturer, TTP Group.
In its latest financial year, Exyte recorded €7.42b turnover, securing third place on our list of German property development companies.
Heidelberg Materials
Founded: 1873
Location: Baden-Württemberg
Turnover: €21.7b
Heidelberg Materials is a global supplier of building materials for the construction industry. The company produces and distributes cement, aggregates, ready-mixed concrete, and asphalt, along with other products and services.
Its materials are used in infrastructure, commercial, and residential projects across more than 50 countries. Heidelberg Materials also operates digital platforms and recycling initiatives focused on sustainable construction and circular materials use.
The company, which made four acquisitions across 2024 and 2025, recorded €21.7b in turnover in its latest accounts.
Hochtief
Founded: 1919
Location: North Rhine-Westphalia
Turnover: €34.0b
Hochtief is an international construction and infrastructure group. The company delivers large-scale projects across transport, energy, and social infrastructure, covering design, construction, financing, and operation.
Its activities include civil engineering, building construction, and contract mining — and the business also has had 128 patents awarded, spanning 31 international authorities. Hochtief tops our list with €34.0b turnover generated in 2024.
The future of property development in Germany
The outlook for Germany’s property development sector remains positive, despite ongoing economic headwinds. Demand for housing in urban centres continues to outstrip supply, ensuring residential projects remain a priority for both developers and policymakers. Large-scale regeneration initiatives and infrastructure investments are also expected to fuel growth, particularly in Berlin, Munich, Frankfurt, and Hamburg.
Sustainability will be the dominant theme shaping the sector’s future. With Germany committed to ambitious climate targets, developers are increasingly integrating renewable energy, low-carbon materials, and circular construction methods into their projects. Buildings designed with energy efficiency and climate resilience in mind will not only meet regulatory requirements but also hold greater long-term value for investors and occupants.
Digitalisation is another major driver of change. Technologies such as Building Information Modelling (BIM), modular construction, and AI-powered planning tools are streamlining processes, reducing costs, and improving transparency across the project lifecycle. These innovations, combined with partnerships between developers, local authorities, and international investors, will define the next generation of property development in Germany.
In short, while the sector faces challenges around financing and rising construction costs, the long-term fundamentals remain strong. Developers who embrace sustainability, innovation, and collaboration are best placed to lead the transformation of Germany’s built environment.
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