Ehret+Klein AG is further expanding its expertise in the investment business: Manuel J. Niederhofer will become Managing Director of the subsidiary e+k Investment Management GmbH as of 01.07.2026. In this role, he will continue to expand the in-house capital management company (KVG) in a targeted manner and be responsible for the strategic development of investment management. ehret+klein's self-declared goal is to achieve full licensing of KVG in the medium term.
With this appointment, ehret+klein is setting a strong accent in a market environment characterized by structural changes and strong reluctance on the part of institutional investors. With the reinforcement of personnel, ehret+klein is deliberately positioning itself anti-cyclically and building up an institutional investment business that already takes into account the structural requirements of the coming market phase in its foundation. The overarching goal is to dovetail the investment business more closely with the Group's operational value creation in the areas of development, asset and property management. This means that the return is more decoupled from the market cycle: value creation is not created by passive holding, but by active, entrepreneurial management of the property. Controllable and comprehensible for the investor.
In recent years, Ehret+Klein AG has embarked on a comprehensive transformation, from the classic, linear service model of a project developer to an integrated 360-degree investment and real estate manager. As a result, the company's value creation no longer takes place sequentially in one place, but along the entire real estate cycle.
"The reinforcement of staff and the associated expansion of our KVG represents another milestone in our development into a fully integrated investment manager," says Sebastian Wasser, CEO of Ehret+Klein AG. "With Manuel J. Niederhofer, we have chosen a leader who combines capital market expertise, regulatory experience and entrepreneurial thinking, and who further sharpens our profile as an investment manager."
Manuel J. Niederhofer has several years of experience in management positions in investment management and was most recently a director with power of attorney at the BaFin-regulated Aachener Grundvermögen Kapitalverwaltungsgesellschaft. There, he was responsible for Capital Markets, Investor Relations and Transformation, among other things. Niederhofer has been active as a founder and entrepreneur for many years, including in the development of technology- and platform-based business models and brings entrepreneurial experience from Silicon Valley.
"The real estate asset class is substantially intact and remains relevant for institutional portfolios. It is crucial to understand where their return will come from in the future: from operational value creation in the building, not from market movement. This makes real estate an actively managed asset class in which transparency and operational understanding make structural illiquidity manageable for investors. This is exactly where we come in: We manage each property as an independent business model, control the value chain in an integrated manner and make the contribution of every decision comprehensible for investors," says Niederhofer. "This operational depth is the structural competitive advantage that Ehret+Klein AG has built up over the past few years. On this platform, we are consistently developing the institutional investment business."
e+k Investment Management GmbH is part of Ehret+Klein AG. The Group covers the entire real estate value chain, from development to asset and property management to investment management. ehret+klein currently manages 647 properties with an area of 2.83 million square metres as part of its asset and property management activities. Following strong growth last year, the in-house KVG manages assets under management worth around EUR 400 million. For 2026, Ehret+Klein AG is planning further organic and inorganic growth at KVG.
