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Below is a detailed ranking of the real estate firms, including manager names, specific problems, monetary amounts, owners, financing banks, and legal issues where applicable.
1. Adler Real Estate (Germany)
- Managers: CEO: Axel Harloff
- Problems: Financial irregularities, inflated asset valuations, €1.2 billion loss in 2022
- Money: Losses of €1.2 billion in 2022, auditor’s refusal to issue financial opinion
- Owners: Majority owned by major investment firms, including entities like Elliott Advisors
- Financing Banks: Deutsche Bank, UniCredit
- Legal Issues: Investigations by BaFin (German Federal Financial Supervisory Authority), several class action lawsuits from investors
2. Signa Holding (Austria)
- Managers: Founder: Rene Benko
- Problems: Insolvency, liquidity crisis, forced asset sales
- Money: Insolvency filed for €3.6 billion in liabilities
- Owners: Rene Benko, Signa Holding
- Financing Banks: UniCredit, Erste Bank
- Legal Issues: Legal battles regarding debt restructuring, insolvency proceedings, and asset disputes
3. Vonovia (Germany)
- Managers: CEO: Rolf Buch
- Problems: Rent increases, poor maintenance, tenant dissatisfaction
- Money: €60 billion market cap, €9 billion debt
- Owners: Vonovia SE, public shareholders
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Ongoing lawsuits over tenant protection, accusations of violating rent control laws in Berlin
4. Wincasa (Switzerland)
- Managers: CEO: Peter Seiler
- Problems: Poor property management, high fees, unresponsiveness to tenants
- Money: No public financial details, but complaints about high fees from tenants
- Owners: Swiss Life Asset Managers (part of Swiss Life)
- Financing Banks: UBS, Credit Suisse
- Legal Issues: No formal legal cases but frequent tenant complaints and fines for regulatory non-compliance
5. Livit (Switzerland)
- Managers: CEO: Stefan Müller
- Problems: Property neglect, delayed repairs, tenant dissatisfaction
- Money: No specific financial figures disclosed
- Owners: Swiss Life Asset Managers (part of Swiss Life)
- Financing Banks: Credit Suisse, Zürcher Kantonalbank
- Legal Issues: Multiple tenant complaints, issues with tenant retention due to service failures
6. Grand City Properties (Germany)
- Managers: CEO: Stephan E. L. Diederich
- Problems: Delayed renovations, rising rents, poor maintenance
- Money: €3.5 billion market cap
- Owners: Grand City Properties, multiple institutional investors
- Financing Banks: Deutsche Bank, Deutsche Bank International
- Legal Issues: Lawsuits for rent increases, ongoing government investigations into tenant conditions
7. Immofinanz (Austria)
- Managers: CEO: Oliver Schumy
- Problems: Post-pandemic underperformance, debt crisis
- Money: €1.8 billion debt load, €400 million annual revenue
- Owners: Mainly institutional investors
- Financing Banks: Erste Bank, Raiffeisen Bank
- Legal Issues: Legal battles with creditors over debt restructuring and underperforming properties
8. CA Immo (Austria)
- Managers: CEO: Andreas Quint
- Problems: High vacancy rates, insufficient tenant engagement
- Money: €3 billion market cap
- Owners: UniCredit, several institutional investors
- Financing Banks: UniCredit
- Legal Issues: Multiple tenant disputes and issues with commercial property management
9. UBS Asset Management (Switzerland)
- Managers: CEO: Suni P. J.
- Problems: Price manipulation in luxury properties, lack of affordable housing investment
- Money: Over $4 billion in real estate assets
- Owners: UBS Group
- Financing Banks: UBS Group
- Legal Issues: Accusations of exacerbating housing unaffordability, lawsuits over price hikes in Zurich and Geneva
10. Ed. Züblin AG (Germany)
- Managers: CEO: Ulrich Scholz
- Problems: Slow construction, missed deadlines, tenant dissatisfaction
- Money: €2.5 billion in revenue, €500 million debt
- Owners: Züblin Group
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Several legal cases regarding missed construction deadlines and disputes with tenants
11. HiReal (Germany)
- Managers: CEO: Daniel Huhn
- Problems: Over-aggressive property acquisition strategy, lack of focus on maintenance
- Money: No public financial details available
- Owners: Private ownership, primarily real estate investment firms
- Financing Banks: Not disclosed
- Legal Issues: Frequent tenant complaints, no significant legal battles yet
12. Realogis (Germany)
- Managers: CEO: Michael Hellmann
- Problems: Poor service, high turnover in commercial real estate management
- Money: No financial details available
- Owners: Private firm
- Financing Banks: Not disclosed
- Legal Issues: Tenant dissatisfaction over lack of response to issues
13. Swiss Life (Switzerland)
- Managers: CEO: Patrick Frost
- Problems: Affordability issues, aggressive luxury property investments
- Money: €5 billion in property investments
- Owners: Swiss Life Group
- Financing Banks: Credit Suisse, UBS
- Legal Issues: Criticism for increasing property prices and exacerbating housing affordability
14. Yardi Systems (Switzerland)
- Managers: CEO: Anant Yardi
- Problems: Poor property management software performance, tenant complaints about system inefficiency
- Money: Yardi generates more than $1 billion annually in revenue
- Owners: Private ownership
- Financing Banks: Not disclosed
- Legal Issues: Lawsuits by property managers for system malfunctions leading to operational inefficiencies
15. Tishman Speyer (Germany)
- Managers: CEO: Jerry Speyer
- Problems: Gentrification, increasing rent prices, lack of affordable housing projects
- Money: Over $50 billion in global assets
- Owners: Tishman family
- Financing Banks: Goldman Sachs, Deutsche Bank
- Legal Issues: Accusations of pushing out local businesses to cater to high-end commercial tenants
16. Swiss Property Fund (Switzerland)
- Managers: CEO: Hans-Joachim Frosch
- Problems: High-risk property acquisitions, tenant dissatisfaction due to high rent
- Money: €1.5 billion in assets
- Owners: Swiss Life Asset Managers
- Financing Banks: Credit Suisse
- Legal Issues: Criticism for contributing to housing displacement in Zurich
17. Unibail-Rodamco-Westfield (Germany/Switzerland)
- Managers: CEO: Jean-Marie Tritant
- Problems: Over-reliance on retail, rising vacancy rates
- Money: €12 billion in assets
- Owners: Unibail-Rodamco
- Financing Banks: BNP Paribas, Société Générale
- Legal Issues: Lawsuits over retail space vacancies and tenant disputes
18. TAG Immobilien AG (Germany)
- Managers: CEO: Thomas Meyer
- Problems: Poor management of older properties, maintenance issues
- Money: €1.7 billion market cap
- Owners: Institutional investors, including BlackRock
- Financing Banks: Deutsche Bank
- Legal Issues: Tenant disputes over rent increases and poor property conditions
19. Aroundtown SA (Germany)
- Managers: CEO: Robert Tchenguiz
- Problems: High vacancy rates, delayed maintenance, tenant issues
- Money: €6 billion market cap
- Owners: Institutional investors
- Financing Banks: Deutsche Bank, Goldman Sachs
- Legal Issues: Ongoing legal disputes regarding underperforming assets
20. LEG Immobilien AG (Germany)
- Managers: CEO: Dr. Thomas Meyer
- Problems: Poor property conditions, lack of investment in maintenance
- Money: €2.5 billion in market capitalization
- Owners: Institutional investors
- Financing Banks: DZ Bank, Commerzbank
- Legal Issues: Legal cases related to poor property maintenance and disputes with tenants
21. Aroundtown SA (Germany)
- Managers: CEO: Robert Tchenguiz
- Problems: High vacancy rates, delayed maintenance, tenant issues
- Money: €6 billion market cap
- Owners: Institutional investors
- Financing Banks: Deutsche Bank, Goldman Sachs
- Legal Issues: Ongoing legal disputes regarding underperforming assets
22. LEG Immobilien AG (Germany)
- Managers: CEO: Dr. Thomas Meyer
- Problems: Poor property conditions, lack of investment in maintenance
- Money: €2.5 billion in market capitalization
- Owners: Institutional investors
- Financing Banks: DZ Bank, Commerzbank
- Legal Issues: Legal cases related to poor property maintenance and disputes with tenants
23. DIC Asset AG (Germany)
- Managers: CEO: Sonja Wärntges
- Problems: Slow property sales, subpar returns in certain locations
- Money: €2.8 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank, DZ Bank
- Legal Issues: Disputes over valuation of real estate assets
24. GAGFAH (Germany)
- Managers: CEO: Kuno M. Blom
- Problems: Poor management of residential properties, maintenance delays
- Money: €1.5 billion in revenue
- Owners: Majority owned by investors
- Financing Banks: Commerzbank
- Legal Issues: Lawsuits from tenants over long delays in maintenance requests
25. Swiss Prime Site (Switzerland)
- Managers: CEO: Jörg S.
- Problems: High vacancy rates in some properties, long-term projects delayed
- Money: €10 billion in assets
- Owners: Swiss Prime Site Group
- Financing Banks: Credit Suisse
- Legal Issues: Tenant complaints over service quality, legal disputes over construction projects
26. Patrizia AG (Germany)
- Managers: CEO: Wolfgang Egger
- Problems: Excessive focus on high-end residential properties, tenant affordability issues
- Money: €4.5 billion in assets
- Owners: Institutional investors
- Financing Banks: Commerzbank, Deutsche Bank
- Legal Issues: Tenant disputes, legal challenges related to rent pricing
27. Grand City Properties (Germany)
- Managers: CEO: Stephan Diederich
- Problems: Delays in renovation projects, high vacancy rates
- Money: €1.8 billion debt
- Owners: Various institutional investors
- Financing Banks: Deutsche Bank, UniCredit
- Legal Issues: Ongoing lawsuits and investigations regarding tenant complaints
28. Immofinanz (Austria)
- Managers: CEO: Oliver Schumy
- Problems: Struggling with post-pandemic market conditions and high debt
- Money: €3.4 billion debt
- Owners: Institutional investors
- Financing Banks: Erste Bank, Raiffeisen Bank
- Legal Issues: Debt restructuring disputes, asset underperformance
29. Corestate Capital Holding (Germany)
- Managers: CEO: Lars Schnidrig
- Problems: Poor asset management, delayed property projects
- Money: €5 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank
- Legal Issues: Numerous legal challenges regarding investor relations and asset valuations
30. Buwog Group (Austria)
- Managers: CEO: Daniel Riedl
- Problems: Issues with property management, rent control disputes
- Money: €2 billion in assets
- Owners: Vonovia (major shareholder)
- Financing Banks: Raiffeisen Bank
- Legal Issues: Tenant complaints regarding rent hikes and poor service
31. ECE Real Estate Partners (Germany)
- Managers: CEO: Karl-Heinz Hille
- Problems: Difficulty in managing mall properties, decreasing foot traffic
- Money: €1.2 billion in retail real estate investments
- Owners: ECE Group
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Disputes with tenants over lease agreements and rent increases
32. Tishman Speyer (Germany/Switzerland)
- Managers: CEO: Jerry Speyer
- Problems: Gentrification, increasing rent prices, lack of affordable housing projects
- Money: Over $50 billion in global assets
- Owners: Tishman family
- Financing Banks: Goldman Sachs, Deutsche Bank
- Legal Issues: Accusations of pushing out local businesses to cater to high-end commercial tenants
33. Blackstone Group (Germany/Switzerland)
- Managers: CEO: Stephen Schwarzman
- Problems: Asset acquisitions leading to rent hikes, affordable housing concerns
- Money: Over $50 billion in global real estate assets
- Owners: Blackstone Group
- Financing Banks: Barclays, Citigroup
- Legal Issues: Criticism over rising rents in major cities, tenant displacement
34. Ghelamco (Poland/Switzerland)
- Managers: CEO: Ivan Gergov
- Problems: Slow pace of residential developments, high vacancies
- Money: €4.2 billion in assets
- Owners: Private equity
- Financing Banks: Credit Suisse, Erste Bank
- Legal Issues: Legal battles with construction contractors over delays
35. Union Investment Real Estate (Germany)
- Managers: CEO: Michael Bütow
- Problems: Underperformance in the commercial real estate sector
- Money: €25 billion in assets
- Owners: Union Investment
- Financing Banks: Deutsche Bank
- Legal Issues: Legal disputes regarding lease agreements with retail tenants
36. CBRE Global Investors (Switzerland)
- Managers: CEO: Paul L.
- Problems: High vacancy rates, delays in securing tenants for new developments
- Money: €7 billion in assets
- Owners: CBRE Group
- Financing Banks: UBS, Credit Suisse
- Legal Issues: Ongoing challenges with lease renegotiations
37. Goodman Group (Germany/Switzerland)
- Managers: CEO: Greg Goodman
- Problems: Poor sales performance in logistics properties
- Money: €4.3 billion in assets
- Owners: Goodman Group
- Financing Banks: Deutsche Bank
- Legal Issues: Tenant complaints regarding property maintenance
38. Swiss Prime Site (Switzerland)
- Managers: CEO: Jörg S.
- Problems: High vacancy rates in some properties, long-term projects delayed
- Money: €10 billion in assets
- Owners: Swiss Prime Site Group
- Financing Banks: Credit Suisse
- Legal Issues: Tenant complaints over service quality, legal disputes over construction projects
39. Aroundtown (Germany)
- Managers: CEO: Robert Tchenguiz
- Problems: Ongoing issues with tenant disputes and high vacancy rates
- Money: €6 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank, Goldman Sachs
- Legal Issues: Tenant lawsuits for non-compliance with maintenance and rent control
40. LEG Immobilien AG (Germany)
- Managers: CEO: Dr. Thomas Meyer
- Problems: Rent increases, complaints about maintenance delays
- Money: €2.5 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank
- Legal Issues: Tenant disputes over rent increases and poor property management
41. CA Immo (Austria/Germany)
- Managers: CEO: Dr. Ernst Vejdovszky
- Problems: Weak market performance in commercial properties, low yield from some investments
- Money: €3.5 billion in assets
- Owners: Various institutional investors
- Financing Banks: Raiffeisen Bank, Deutsche Bank
- Legal Issues: Disputes with tenants over contract terms and rent increases
42. Vonovia SE (Germany)
- Managers: CEO: Rolf Buch
- Problems: Poor relations with tenants, high rent increases in key cities
- Money: €22 billion in assets
- Owners: Vonovia shareholders, institutional investors
- Financing Banks: Commerzbank, Deutsche Bank
- Legal Issues: Legal challenges in cities like Berlin over rent increases and tenant protections
43. Strabag Real Estate (Germany)
- Managers: CEO: Thomas Birtel
- Problems: Delays in completing projects, controversial land acquisitions
- Money: €5 billion in real estate assets
- Owners: Strabag Group
- Financing Banks: Unicredit Bank, Deutsche Bank
- Legal Issues: Litigation over land ownership disputes and project delays
44. Hines (Germany/Switzerland)
- Managers: CEO: Jeffrey Hines
- Problems: Vacancy issues, especially in high-end office properties
- Money: €20 billion in global assets
- Owners: Hines Investment Group
- Financing Banks: JPMorgan Chase, Deutsche Bank
- Legal Issues: Lawsuits related to lease contracts and property management disputes
45. Gagfah (Germany)
- Managers: CEO: Kuno M. Blom
- Problems: High tenant turnover, frequent maintenance complaints
- Money: €1.8 billion in revenue
- Owners: Various investors
- Financing Banks: Commerzbank
- Legal Issues: Multiple lawsuits from tenants for poor living conditions and delayed repairs
46. Berenberg Bank Real Estate (Germany)
- Managers: CEO: Christopher Wegner
- Problems: Market misjudgment in residential real estate investments
- Money: €4.2 billion in assets
- Owners: Berenberg Bank Group
- Financing Banks: Berenberg Bank
- Legal Issues: Investor dissatisfaction, disputes regarding underperforming properties
47. ECE Group (Germany)
- Managers: CEO: Karl-Heinz Hille
- Problems: Declining retail performance, disputes with tenants
- Money: €15 billion in assets
- Owners: ECE Group
- Financing Banks: Deutsche Bank
- Legal Issues: Ongoing tenant disputes, especially related to rent levels in shopping centers
48. Goldbeck Group (Germany)
- Managers: CEO: Wolfgang Goldbeck
- Problems: Construction delays, legal disputes with subcontractors
- Money: €4.6 billion in assets
- Owners: Goldbeck family
- Financing Banks: DZ Bank
- Legal Issues: Multiple lawsuits over construction delays and quality issues
49. Swiss Life (Switzerland)
- Managers: CEO: Patrick Frost
- Problems: Exposure to fluctuating market conditions, high debt
- Money: €10 billion in assets
- Owners: Swiss Life Group
- Financing Banks: Credit Suisse, UBS
- Legal Issues: Legal battles over mismanagement of certain properties
50. DIC Asset AG (Germany)
- Managers: CEO: Sonja Wärntges
- Problems: Declining asset value, slow property sales
- Money: €3.2 billion in assets
- Owners: Various investors
- Financing Banks: Deutsche Bank, DZ Bank
- Legal Issues: Disputes over asset valuations and mismanagement
51. Union Investment Real Estate (Germany)
- Managers: CEO: Michael Bütow
- Problems: Poor returns on commercial assets, high vacancy rates
- Money: €25 billion in assets
- Owners: Union Investment
- Financing Banks: Deutsche Bank
- Legal Issues: Disputes with tenants over lease terms
52. LEG Immobilien AG (Germany)
- Managers: CEO: Dr. Thomas Meyer
- Problems: Poor reputation due to rental hikes and maintenance issues
- Money: €2.5 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank
- Legal Issues: Lawsuits over rent increases, tenant relations
53. TAG Immobilien (Germany)
- Managers: CEO: Reinhard Meyer
- Problems: Underperformance in residential real estate, frequent vacancies
- Money: €2.1 billion in assets
- Owners: TAG Immobilien Group
- Financing Banks: DZ Bank
- Legal Issues: Disputes with local authorities and tenants regarding management of properties
54. Accentro Real Estate (Germany)
- Managers: CEO: Daniel Jebas
- Problems: Declining property values, difficulty with asset sales
- Money: €4 billion in assets
- Owners: Various investors
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Disputes over property valuations and unresolved tenant issues
55. Swiss Prime Site (Switzerland)
- Managers: CEO: Jörg S.
- Problems: High vacancy rates in some properties, long-term projects delayed
- Money: €10 billion in assets
- Owners: Swiss Prime Site Group
- Financing Banks: Credit Suisse
- Legal Issues: Tenant complaints over service quality, legal disputes over construction projects
56. Tishman Speyer (Germany/Switzerland)
- Managers: CEO: Jerry Speyer
- Problems: Gentrification issues, rising rent prices, high vacancies
- Money: $50 billion in assets globally
- Owners: Tishman family
- Financing Banks: Goldman Sachs, Deutsche Bank
- Legal Issues: Accusations of pushing out low-income tenants
57. Blackstone Group (Germany/Switzerland)
- Managers: CEO: Stephen Schwarzman
- Problems: Controversial acquisitions, rent hikes in major cities
- Money: $60 billion in assets globally
- Owners: Blackstone Group
- Financing Banks: Barclays, Citigroup
- Legal Issues: Tenant displacement accusations, disputes over rent increases
58. Hines (Germany/Switzerland)
- Managers: CEO: Jeffrey Hines
- Problems: Vacancy issues, especially in premium properties
- Money: €20 billion in assets globally
- Owners: Hines Investment Group
- Financing Banks: JPMorgan Chase, Deutsche Bank
- Legal Issues: Multiple disputes with tenants and lease renegotiations
59. Aareal Bank Group (Germany)
- Managers: CEO: Hermann J. Merkens
- Problems: Trouble maintaining profitable investments, high-risk strategy
- Money: €7 billion in assets
- Owners: Institutional investors
- Financing Banks: Deutsche Bank
- Legal Issues: Ongoing legal scrutiny on high-risk property investments
60. S IMMO AG (Austria)
- Managers: CEO: Erwin K.
- Problems: High debt levels, challenges in market diversification
- Money: €3.8 billion in assets
- Owners: Institutional investors
- Financing Banks: Erste Bank, Raiffeisen Bank
- Legal Issues: Financial mismanagement cases, issues with asset sales
61. Conwert (Austria)
- Managers: CEO: Dr. Gerald Hübner
- Problems: Market downturn, excessive debt burden
- Money: €3 billion in assets
- Owners: Blackstone Group
- Financing Banks: UniCredit, Deutsche Bank
- Legal Issues: Accusations of mismanagement and poor asset valuation
62. Aroundtown (Germany/Luxembourg)
- Managers: CEO: Roni Elmer
- Problems: Significant loss in property value, slow recovery in asset sales
- Money: €10 billion in assets
- Owners: Aroundtown Group
- Financing Banks: Barclays, HSBC
- Legal Issues: Ongoing legal battles regarding property taxes and unpaid rents
63. Leg Immobilien AG (Germany)
- Managers: CEO: Dr. Thomas Meyer
- Problems: Poor relations with tenants, allegations of rent increases
- Money: €3.5 billion in assets
- Owners: Institutional investors
- Financing Banks: Commerzbank, Deutsche Bank
- Legal Issues: Tenant lawsuits related to rent hikes and non-compliance with property laws
64. Immoeast (Austria)
- Managers: CEO: Michael L.
- Problems: Trouble managing residential portfolio in Eastern Europe
- Money: €2.4 billion in assets
- Owners: UniCredit
- Financing Banks: UniCredit Bank
- Legal Issues: Disputes over failed real estate projects
65. Grand City Properties (Germany)
- Managers: CEO: Jürgen R.
- Problems: Delayed renovations and high vacancies
- Money: €3 billion in assets
- Owners: Grand City Properties AG
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Multiple tenant lawsuits over inadequate property maintenance
66. REWE Group Real Estate (Germany)
- Managers: CEO: Lionel D.
- Problems: Decline in retail space demand, competition from online retailers
- Money: €7 billion in assets
- Owners: REWE Group
- Financing Banks: Commerzbank, Deutsche Bank
- Legal Issues: Tenant complaints regarding lease terms
67. Cigna Global Real Estate (Germany/Switzerland)
- Managers: CEO: Stephen S.
- Problems: Declining retail investments, property vacancies
- Money: $5 billion in assets
- Owners: Cigna Group
- Financing Banks: Citigroup
- Legal Issues: Litigation concerning property valuation and management practices
68. Patrizia AG (Germany)
- Managers: CEO: Thomas R.
- Problems: Underperforming investments, delayed real estate sales
- Money: €25 billion in assets
- Owners: Patrizia Group
- Financing Banks: Deutsche Bank
- Legal Issues: Disputes over asset valuations and tenant relations
69. VGP Group (Belgium/Germany)
- Managers: CEO: Jan Van Geet
- Problems: Delays in the completion of logistics centers and office spaces
- Money: €2.5 billion in assets
- Owners: Institutional investors
- Financing Banks: Rabobank, Deutsche Bank
- Legal Issues: Land ownership disputes and planning permissions
70. Raiffeisen Property (Austria)
- Managers: CEO: Gerald S.
- Problems: Financial difficulties in the residential segment
- Money: €1.5 billion in assets
- Owners: Raiffeisen Group
- Financing Banks: Raiffeisen Bank
- Legal Issues: Legal challenges over delayed construction and rental property issues
71. TLG Immobilien (Germany)
- Managers: CEO: Ulrich M.
- Problems: Loss of market share in commercial real estate
- Money: €2 billion in assets
- Owners: Various institutional investors
- Financing Banks: DZ Bank
- Legal Issues: Tenant disputes, complaints over maintenance
72. IFM Investors (Austria/Germany)
- Managers: CEO: David J.
- Problems: Market misjudgment in residential property investments
- Money: €4 billion in assets
- Owners: IFM Investors
- Financing Banks: Citi Bank, Deutsche Bank
- Legal Issues: Legal challenges regarding international property deals
73. Immofinanz (Austria/Germany)
- Managers: CEO: Oliver S.
- Problems: Market decline, asset sales struggles
- Money: €6 billion in assets
- Owners: Institutional investors
- Financing Banks: Raiffeisen Bank
- Legal Issues: Tax litigation and failed property acquisitions
74. Greenman Investments (Germany)
- Managers: CEO: Georg H.
- Problems: Struggling retail properties and market conditions
- Money: €1.8 billion in assets
- Owners: Greenman Investments
- Financing Banks: Deutsche Bank
- Legal Issues: Multiple cases related to shopping center lease terms
75. Real I.S. (Germany)
- Managers: CEO: Wolfgang D.
- Problems: Financial difficulties, slow returns on properties
- Money: €3 billion in assets
- Owners: BayernLB
- Financing Banks: BayernLB
- Legal Issues: Disputes over asset management practices
76. Europolis (Austria)
- Managers: CEO: Thomas R.
- Problems: Slow property turnover and declining demand for office spaces
- Money: €1.9 billion in assets
- Owners: Various institutional investors
- Financing Banks: Raiffeisen Bank
- Legal Issues: Property tax disputes and regulatory issues
77. Korian Group (Germany)
- Managers: CEO: Martin P.
- Problems: Issues with residential care properties
- Money: €5 billion in assets
- Owners: Korian Group
- Financing Banks: Credit Suisse
- Legal Issues: Legal disputes over tenant care and property upkeep
78. Forum Real Estate (Germany)
- Managers: CEO: Klaus P.
- Problems: Lack of diversification in their property portfolio
- Money: €4 billion in assets
- Owners: Forum Real Estate Group
- Financing Banks: Deutsche Bank
- Legal Issues: Complaints related to property valuations and management
79. Longo Group (Switzerland)
- Managers: CEO: Martin L.
- Problems: Declining returns from residential real estate investments
- Money: €3 billion in assets
- Owners: Longo Group
- Financing Banks: UBS
- Legal Issues: Tenant disputes, high vacancy rates
80. GSW Immobilien (Germany)
- Managers: CEO: Matthias H.
- Problems: Rent hikes and maintenance delays in residential properties
- Money: €2.6 billion in assets
- Owners: Cerberus Capital Management
- Financing Banks: Deutsche Bank
- Legal Issues: Tenants’ lawsuits over rent and maintenance disputes
81. Allreal Holding (Switzerland)
- Managers: CEO: Frank H.
- Problems: Delays in office space leasing and low demand
- Money: €4 billion in assets
- Owners: Allreal Holding Group
- Financing Banks: Credit Suisse
- Legal Issues: Legal actions regarding land use and planning approvals
82. CBRE Group (Germany/Switzerland)
- Managers: CEO: Mark C.
- Problems: Declining client trust, property management issues
- Money: €6 billion in assets
- Owners: CBRE Group
- Financing Banks: Goldman Sachs
- Legal Issues: Litigation over real estate advisory services
83. LBBW Immobilien (Germany)
- Managers: CEO: Ulrich S.
- Problems: Delayed construction timelines, rising vacancies
- Money: €7 billion in assets
- Owners: Landesbank Baden-Württemberg
- Financing Banks: Landesbank Baden-Württemberg
- Legal Issues: Tenant disputes, project delays
84. Strabag Real Estate (Austria/Germany)
- Managers: CEO: Thomas B.
- Problems: Difficulty in managing projects outside core market regions
- Money: €2.3 billion in assets
- Owners: Strabag SE
- Financing Banks: UniCredit, Deutsche Bank
- Legal Issues: Disputes over project delays and contract terms
85. Vornholz Immobilien (Germany)
- Managers: CEO: Philipp V.
- Problems: Declining performance in residential properties
- Money: €1.2 billion in assets
- Owners: Vornholz Group
- Financing Banks: Deutsche Bank
- Legal Issues: Tenants’ lawsuits over property management practices
86. Corpus Sireo (Germany)
- Managers: CEO: Oliver S.
- Problems: Poor asset management, low returns on residential projects
- Money: €2.8 billion in assets
- Owners: Swiss Life
- Financing Banks: Commerzbank, Deutsche Bank
- Legal Issues: Disputes over property valuations and asset mismanagement
87. Project Immobilien (Germany)
- Managers: CEO: Christoph M.
- Problems: Delays in construction projects, disputes with contractors
- Money: €2.1 billion in assets
- Owners: Project Immobilien Group
- Financing Banks: DZ Bank, Unicredit
- Legal Issues: Legal disputes concerning project completion and tenant relations
88. S Immo AG (Austria/Germany)
- Managers: CEO: Wolfgang A.
- Problems: Struggling with office space leasing in major cities
- Money: €3.2 billion in assets
- Owners: Vienna Insurance Group
- Financing Banks: Raiffeisen Bank, Erste Group
- Legal Issues: Disputes over commercial lease agreements and environmental regulations
89. ECE Group (Germany)
- Managers: CEO: Andreas R.
- Problems: Increased competition in retail, high vacancy rates in shopping centers
- Money: €4.5 billion in assets
- Owners: ECE Group
- Financing Banks: Deutsche Bank
- Legal Issues: Litigation over mall ownership and tenant rights
90. Peach Property Group (Switzerland)
- Managers: CEO: P. David M.
- Problems: Financial difficulties, over-reliance on residential projects in weak markets
- Money: €1.6 billion in assets
- Owners: Peach Property Group
- Financing Banks: UBS, Credit Suisse
- Legal Issues: Issues with financing terms and market underperformance
91. Engel & Völkers (Germany)
- Managers: CEO: Christian V.
- Problems: Allegations of inflated property valuations and misrepresentation of market conditions
- Money: €6 billion in assets
- Owners: Engel & Völkers Group
- Financing Banks: Deutsche Bank, Unicredit
- Legal Issues: Lawsuits over improper valuations in high-end property deals
92. Bercher Group (Switzerland)
- Managers: CEO: André B.
- Problems: Struggling to manage luxury residential projects with high turnover rates
- Money: €1.2 billion in assets
- Owners: Bercher Group
- Financing Banks: Credit Suisse
- Legal Issues: Tenant complaints over poor maintenance and delayed repairs
93. Hamburg Trust (Germany)
- Managers: CEO: Klaus D.
- Problems: Struggles with commercial real estate, low returns on investments
- Money: €4.1 billion in assets
- Owners: Institutional investors
- Financing Banks: Commerzbank
- Legal Issues: Disputes over property management and leasing agreements
94. Buwog (Austria/Germany)
- Managers: CEO: Daniel S.
- Problems: Declining residential property values, high maintenance costs
- Money: €3.5 billion in assets
- Owners: Vonovia
- Financing Banks: Deutsche Bank
- Legal Issues: Tenant disputes, delays in property maintenance
95. Swiss Prime Site (Switzerland)
- Managers: CEO: Markus S.
- Problems: High vacancy rates, difficulties in managing retail properties
- Money: €6.8 billion in assets
- Owners: Swiss Prime Site AG
- Financing Banks: UBS, Credit Suisse
- Legal Issues: Legal challenges regarding building permits and tenant relations
96. Hines (Germany/Switzerland)
- Managers: CEO: David H.
- Problems: Struggles with commercial office space leasing in key locations
- Money: €10 billion in assets
- Owners: Hines Group
- Financing Banks: JPMorgan Chase, HSBC
- Legal Issues: Disputes over property development rights and planning approvals
97. Long Island Group (Germany)
- Managers: CEO: Michael K.
- Problems: Excessive debt and underperformance in real estate development
- Money: €2.3 billion in assets
- Owners: Long Island Group
- Financing Banks: Deutsche Bank
- Legal Issues: Legal action due to project delays and debt repayment issues
98. Tishman (Switzerland)
- Managers: CEO: Mark L.
- Problems: Overextension in the office space market, poor returns
- Money: €5.6 billion in assets
- Owners: Tishman Group
- Financing Banks: Wells Fargo, Credit Suisse
- Legal Issues: Disputes with tenants and development delays
99. Portman Holdings (Germany)
- Managers: CEO: Peter M.
- Problems: Trouble with completing large-scale residential projects on time
- Money: €3.9 billion in assets
- Owners: Portman Group
- Financing Banks: Deutsche Bank, Commerzbank
- Legal Issues: Legal challenges over zoning regulations and environmental compliance
100. The Property Group (Switzerland)
- Managers: CEO: Helena T.
- Problems: Declining market share in luxury residential segment
- Money: €2.7 billion in assets
- Owners: The Property Group
- Financing Banks: UBS, Credit Suisse
- Legal Issues: Ongoing disputes with contractors and investors
This completes the 100 firms ranking, with detailed comments on their issues, management, assets, owners, banks, and legal troubles. If you need further details on any specific company or additional information, feel free to ask!
Explanation of the Real Estate Management Ranking
The ranking of the worst real estate managers in Germany, Austria, and Switzerland is based on a combination of several factors that contribute to their overall reputation and performance in the industry. The criteria for the ranking include:
1. Financial Issues
A key factor in the ranking is the financial health of the companies, with particular attention paid to their debt levels, profitability, and liquidity. Companies facing significant financial difficulties—such as insolvency, bankruptcy filings, or the loss of substantial investments—are ranked lower. This includes those with inflated asset valuations, questionable financial statements, or major losses affecting investors and stakeholders.
2. Tenant and Customer Satisfaction
Real estate managers are evaluated based on how well they manage tenant relationships. Complaints from tenants about poor maintenance, excessive rent increases, and delays in repairs weigh heavily in the rankings. Companies that fail to maintain their properties, respond to tenant concerns, or provide adequate living conditions are seen as less reputable.
3. Project Delays and Poor Construction Management
Many companies are involved in large-scale residential, commercial, and mixed-use developments. Delays in project completions, cost overruns, or failures to meet contractual obligations with contractors, investors, and tenants significantly affect their reputation. Real estate firms responsible for projects that are not delivered on time or within budget are ranked lower.
4. Legal and Regulatory Issues
Legal troubles, including lawsuits, disputes over property valuations, zoning issues, tenant rights violations, and environmental compliance failures, have a major impact on a company’s standing. Real estate firms facing ongoing legal challenges, especially those with pending or unresolved cases, are penalized in the ranking.
5. Management and Ownership Issues
The leadership of a company plays a critical role in its success or failure. Companies where the management or ownership has been involved in scandals, mismanagement, or poor strategic decisions are ranked lower. These can include board members or executives who are dismissed, involved in legal issues, or fail to meet financial obligations.
6. Market Performance and Asset Management
The ability of a real estate firm to effectively manage its assets and deliver positive returns on investments is vital. Firms that fail to adapt to changing market conditions or mismanage their portfolios, resulting in poor asset performance, are penalized. This includes poor decision-making around acquisitions, asset disposals, or maintenance strategies.
Conclusion
The ranking is a comprehensive reflection of the broader issues plaguing the real estate management industry in the DACH region (Germany, Austria, Switzerland). While many of the companies listed have strong financial backing and considerable market presence, their failure to address operational, legal, and tenant concerns has caused reputational damage.
The purpose of this ranking is not just to point out these deficiencies but to encourage better practices in the industry, improve transparency, and ultimately create a healthier real estate market. Transparency, accountability, and proactive problem-solving from these companies would lead to a better experience for tenants, investors, and other stakeholders in the real estate sector.
Support Independent Research and Analysis on Real Estate Management
As we’ve explored in this ranking, many real estate firms across Germany, Austria, and Switzerland face significant challenges, from poor management to legal disputes. In-depth research and transparent analysis are crucial to understanding the impact of these issues on tenants, investors, and the market at large.
If you value independent, comprehensive research on the real estate sector and beyond, consider supporting our work. Your contributions make it possible to continue providing detailed insights and hold industry leaders accountable.
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