Discretion.
Confidentiality is not a feature of our work but its foundation. We therefore discuss projects in confidence and under NDA on request.
Company
Experience,
structured.
Owner-managed and rooted in the south of Munich, we work across the DACH region. We combine data-driven analysis with entrepreneurial experience and hold a standard of sustainability that goes beyond reporting duties.
Guiding principles
An address
for substance.
Substance.
Construction and location say more about the value of a property than any narrative. Whether it holds up over the long term is decided by figures rather than trends.
Responsibility.
Economic stability, social responsibility and ecological foresight are daily work here and not a slogan.
Owner-managed
Two partners,
one standard.
Adstructa is owner-managed. Where responsibility lies and our own capital is at risk, decisions are quick and binding.
Falko Kühnel
Managing Partner · OperationsResponsible for acquisitions and restructuring, and for operational delivery from due diligence through to handover.
Benedikt Hauser
Managing Partner · StructuringResponsible for transaction and capital structure as well as joint ventures, and thus for the financial architecture of our projects.
Network & partners
A network
that delivers.
Behind every mandate stands a practised network with fixed points of contact. Short paths and long-standing relationships create speed where others stall.
Capital partners.
Family offices, private investors and institutions, whose participations are set up project by project and governed notarially. Capital & financing →
Architecture & engineering.
Established planning partners from concept through to delivery.
Construction & trades.
Regional firms that have proven themselves across many projects.
Legal, tax & notaries.
Specialised firms and notaries for contract structure and completion.
- Experience
- 20+ years together
- Reach
- Across the DACH region
- Principle
- Short paths, fixed contacts
Region
Rooted in Grünwald near Munich.
Active across the DACH region.
Right on the Isar between the state capital and the Alpine foothills, we are based in the south of Munich. From here we develop real estate projects for the entire DACH region.
- Office
- Grünwald near Munich
- Focus
- Greater Munich · Alpine foothills
- Territory
- DACH
Proximity is a working principle for us. We develop what we know first-hand, and we carry the same standard into every project across the DACH region.
Quantitative analysis & execution
Where data ends,
execution begins.
Before acquisition we model every asset across scenarios in which we vary market paths and cost frameworks as well as possible exit timing. The result is a corridor that bounds best and worst case. But what matters is what happens next. With every measure successfully executed, part of the risk falls away and the corridor’s floor rises.
Within that corridor we steer the path actively. The exit windows are defined from day one. Where the model ends, people decide on entry and on the right moment to exit.
Capital & financing
Financing with
substance and structure.
Adstructa finances projects from its own funds and project-based investment capital and draws on conventional as well as alternative financing. In notarially governed structures we work project by project with single and multi family offices as well as with private investors and institutional capital partners.
- Own funds first. We enter every project with our own capital and our own work. Our remuneration arises predominantly from results, so we earn when our partners earn.
- Project-based structures. From joint ventures to individual participations, we structure capital project by project and separate it through dedicated project companies.
- Certainty in execution. Every mandate is notarially deeded and settled through escrow accounts. Once a month our partners receive a written report.
- Reliable partners. Discretion and clearly assigned responsibility hold together an established network of private and institutional capital.
- Funding base
- Own funds · Investment capital · Bank & alternative
- Structures
- Project companies · JV · Forward
- Partners
- Family offices · Private investors · Institutions
- Standard
- Notarial · Escrow · Monthly reporting
Note: Participations in Adstructa GmbH projects are exclusively project-based, individually negotiated and addressed to professional and semi-professional investors. The contents of this page are corporate information and constitute neither a public offering nor investment advice or brokerage. Details: Legal notices.
Sustainability / ESG
Responsibility is not an add-on.
It is the foundation.
For us, ESG does not stop at reporting. Ecological foresight and social responsibility help decide a property’s economic viability, and with it its long-term value.
Our projects are guided by recognised benchmarks. In underwriting that means ESG criteria, in planning and delivery DGNB and QNG standards.