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      The property asset class has gained massively in importance in global asset management. From the perspective of international investors, Germany in particular appears to be a safe haven. The real estate sector is on a sustainable growth path: low interest rates, migration and urbanisation, moderate construction activity, technological change. In this combination, these are unprecedented, excellent conditions for growth.

      New record transaction volumes have been reported every year recently. The refinancing structures have developed further. The property share is established. The sector is firmly anchored in the DAX, MDAX and SDAX. In the debt capital sector, corporate bonds and convertible bonds are competing with traditional bank financing.

      Property investments - no end to growth in sight

      The markets and ownership structures have also changed. Just a few years ago, banks owned large property portfolios that were sold after the financial market crisis. Local authorities, and even the federal government, reorganised themselves through property sales. Capital market-oriented companies with global investors in the background were the buyers and professionalised the value chains in order to create high-yield business models.

      Nowadays, the industry is focusing on new construction, energy-efficient refurbishment and digitalisation: in the banking sector, we are familiar with FinTechs, while in the real estate sector, PropTech stands for the transformation of the industry. In a few years, PropTech will be a core pillar of the property industry, with the clear understanding that the asset is not concrete, but the user of the property.

      Our range of services

      Transparency creates trust. Successful property companies have invested in their internal processes that enable precisely this transparency: stable management control processes with meaningful key figures, reliable external corporate reporting processes (HGB, IFRS, etc.) through to forward-looking sustainability reporting.

      KPMG specialists for auditing, accounting and accounting-related advice and advice on the governance of property companies.

      Our team has many years of experience in auditing and advising property companies. Based on our market share in auditing property companies, we are consistently developing our auditing and advisory approach. The possibilities of digitalisation today offer a wide range of evaluation options - security and confidence for your business model. Your KPMG specialists are outstanding industry experts who operate in a broad network, both nationally and internationally.


      Your contact

      René Drotleff

      Partner, Audit, Head of Real Estate

      KPMG AG Wirtschaftsprüfungsgesellschaft