One of Germany's premier residential addresses — Strandkai in HafenCity.
The CityNever Sleeps.
We invest, develop and revitalizein Germany’s leading urban markets.
01Track Record
Two decades of experience.
Realized project volume
2.5EUR bn
Total project cost across ground-up developments and workout mandates — cumulative across all mandates since 2005.
Workout AUM
0.8EUR bn
Current workout volume under management — largely confidential mandates, built up over the past 24 months.
Market experience
+19years
Premium mixed-use development in urban core locations — founded in Hamburg in 2005.
Deal size range
30 – 300EUR m TPC
Per mandate — from focused feasibility studies to large-scale mixed-use districts.
TEAM
20professionals
Architects, engineers, and commercial and finance professionals — backed by a trusted network of project and financing partners.
DCD SERVICES GMBH
We are owner-managed and develop, revitalize and transform real estate in Germany’s leading urban markets. Our focus is on value-add developments with family offices and real estate workouts for lenders.
Reference projects · ground-up development
Workout mandates remain confidential
Comfort, lifestyle, ease — a new residential concept in HafenCity.
10,000 sqm urban district — retail, office and residential under one roof.
A Hanseatic district — living and working, tradition and modernity.
A North Sea destination — pristine nature meets urban lifestyle.
Family-friendly Eppendorf — right in the heart of one of Hamburg's greenest neighborhoods.
City West — where big-city life meets style and nature.
Atlantic coast Alentejo — about an hour south of Lisbon.
Generous roof terrace — a one-of-a-kind sun deck in southern Überseequartier.
A residential tower that will define the Elbe waterfront skyline.
147 rental apartments across from the Elbphilharmonie — a sweeping signature facade.
Europe's largest urban-core development — strong potential for commercial tenants.
Sweeping views of the Elbe, the port and the Elbphilharmonie — quintessentially Hanseatic.
Former tram depot — generous living in one of Hamburg's most desirable neighborhoods.
A coveted neighborhood with villas, parks and the Alster waterfront.
The last remaining development site between Marco Polo and Magellan Terraces.
02TWO BUSINESS LINES
DCD Services operates in two business lines.
VALUE-ADD DEVELOPMENTS WITH FAMILY OFFICES
Through our family-office investment platform, we develop projects that restore quality and vitality to prime urban locations — using the full range of value-creation levers available in the current market cycle.
REAL ESTATE WORKOUTS FOR LENDERS
Navigating special situations: for banks, German savings banks (Sparkassen), and restructuring advisors, we take operational responsibility for real estate SPVs — from feasibility studies and governance structures to full project leadership and exit execution.
03I · CLASSIC DEVELOPMENTS
Developments with Family Offices
Creating lasting value.
In a market cycle full of opportunities.
What matters to us:
- 01Opportunities demand speed and precision — more than ever.
- 02Focus on value-add and opportunistic strategies: we optimize every value-creation lever — revenue, cost, financing, entitlements, urban design, building systems, and DGNB (German Sustainable Building Council) criteria.
- 03Our edge: extensive experience in large-scale and mixed-use projects, including the restart and repositioning of stalled developments.
Our investment program through 2030.
INVESTMENT VOLUME
1EUR bn+
TPC per deal
up to
75EUR m
STRATEGY
Value Add& Opportunistic
Together with family offices, we have launched an investment program of more than EUR 1bn, primarily targeting value-add and opportunistic acquisitions in prime locations across Germany’s leading university cities. We are also active in distressed residential, office, and mixed-use projects, as well as joint ventures. For owners, insolvency administrators, and lenders, we offer fast, reliable transaction decisions — in selected cases without a financing contingency.
Are you a developer looking for an active investment partner? Do you control a site? Reach out.
“Thank you — this is finally set up properly.”
— Bank client, shortly after a successful project kickoff
04II · WORKOUTS
Service Developments · Workouts
Navigating special situations.
Building value.
For banks, German savings banks (Sparkassen), restructuring advisors, and investors, we take operational responsibility for real estate SPVs in special situations — from feasibility studies and governance structures to full project leadership and exit execution.
Our workout and special servicing objectives:
- 01Create strategic options and secure realistic forbearance terms
- 02De-risk equity exposures
- 03Limit further write-downs
- 04Avoid fire sales
- 05Maintain transaction readiness
- 06Meet regulatory requirements
Bank Case — Restart of a Development Project
Lenders may be exposed to equity positions that can no longer be supported under the original business plan. BaFin, Germany’s federal financial supervisory authority, has placed real estate exposures under heightened scrutiny. As a first step, DCD recommended a feasibility study to assess the full range of workout levers: revenue potential, use mix, costs, entitlements, and building systems. The resulting business case was sufficiently robust to move into execution. The restructuring now provides a credible path toward restoring the targeted equity return.
Bank Case — Restoring Value in an Equity Investment
Lenders may hold equity interests that can no longer be supported under the original business plan. BaFin has placed such real estate exposures under heightened scrutiny. DCD recommends a feasibility study to assess the full range of workout levers, including revenue potential, costs, entitlements, and building systems.
Bank Case — Fresh Capital for Loan Extensions
In its Risks in Focus assessment, BaFin estimated that approximately EUR 100bn of commercial real estate loans would require refinancing in 2025 and 2026. Extensions and refinancings require renewed credit assessment rather than a routine rollover. DCD Services provides both strategic structuring and hands-on execution — including new workout options, value creation, and, where appropriate, co-investment with fresh capital of up to EUR 15m.
05TEAM · DCD Services
Our Team
Civil engineer with a background in real estate finance (EBS). More than EUR 2.5bn in realized project volume, with a track record defined by technical excellence, commercial foresight, innovation, and sustainable urban development.
Karsten Nagel
Commercial Director / Authorized Signatory (Prokurist)
Background in business administration and banking. Previous roles include Hanseatic Bank, Bankhaus Wölbern & Co., Wölbern Invest AG, and WRED AG. With the DCD Services Group since 2011 and responsible for the commercial organization since 2018.
Martina Schröder
Business Manager
Niels Nirenberg
Head of Technical Development
Florian Alexander Mall
Business Partner
Family Office Investments
Björn Eckhoff
Head of Finance
Elena Miller
Senior Asset Manager
Partnerships & Technology
Where we engage pro bono:
- 01Early adopter of DGNB sustainable building standards (since 2010)
- 02Active in BIM expert panels
- 03Pilot project of the cost-efficient construction initiative ("Hamburg Standard")
- 04Active member of the Bauen im Bestand (existing-stock construction) association
We test and integrate big data and GenAI-supported tools for:
- 01Planning and entitlement analyses (in-house, with the Bauen im Bestand association)
- 02Micro- and macro-market analysis
- 03Data-driven acquisitions database
- 04Pricing and investment analyses
- 05Visualizations
- 06In development: GenAI-supported due diligence for complex workout projects
We shape our cities, and in turn they shape us.
Adapted from Winston Churchill
06We look forward to hearing from you
CONTACT
Get in touch.
Whether it's a long-term family office investment, a time-sensitive real estate workout, or a focused feasibility study, reach out. We'll get back to you within 24 hours.
info@dcd-services.de→Email
Social
Management
Lothar Schubert
MANAGING PARTNER · DCD SERVICES GMBH
MANAGING PARTNER · DCD SERVICES GMBH