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Erlangen, 09 June 2026 – The Erlangen-based project developer S&P Commercial Development, a subsidiary of the Sontowski & Partner Group, is setting the course for the future with a new partner. After a long-standing business partnership, the insurance group die Bayerische is joining S&P Commercial Development as a shareholder.
In the course of the strategic realignment, Bayerische holds around a third of the shares in the company. The remaining two-thirds will continue to be held by the existing shareholders, consisting of Sontowski & Partner GmbH and three family offices. With the commitment of Bayerische, S&P Commercial Development is creating the basis for the targeted further development of its operating business. The management remains unchanged and continues to lead the company operationally. With this investment, Bayerische is specifically strengthening its commitment to high-value real estate investments, with a focus on housing in high-growth regions.
"With Bayerische, we are gaining a strong, long-term partner with whom we can consistently drive forward our strategic development. The strengthened capital base and the expansion of our shareholder base with an established institutional partner puts us in a position to expand our service development business, which we have successfully established over the past nine years, in addition to the classic acquisition for project developments," says Sven Sontowski, Managing Director of S&P Commercial Development.
The two companies have been linked by a long-standing and trusting cooperation at eye level since 2018. As a new shareholder, Bayerische brings stability and strategic impetus as well as additional development potential. In the area of service development in particular, additional mandates from the Bavarian company are expected to further strengthen the business. S&P Commercial Development had successfully expanded the business unit as a further pillar in recent years. Nine projects with a total gross floor area of over 180,000 m² have been completed so far. Three major projects are currently being implemented in Bamberg, Erlangen and Nuremberg: With the Carl-Meinelt-Viertel in Bamberg, a forward-looking mixed-use quarter is being created for Sparkasse Bamberg. In a central location in Erlangen, S&P Commercial Development is also developing a new urban quarter for PSD Bank Nuremberg. In addition, she is a supportive developer for the environmental quarter in Nuremberg on behalf of the Umweltbank.
"By joining S&P Commercial Development as a shareholder, we are developing our long-standing cooperation with S&P Commercial Development in a targeted manner and strengthening our activities in the real estate sector. S&P Commercial Development has an established business model and extensive experience in the implementation of projects. We are building on that. The partnership is aimed at jointly developing the operating business and tapping additional development potential," adds Thomas Heigl, member of the Board of Management at Bayerische.
In addition to the service development business, S&P Commercial Development will focus even more strongly on the residential asset class in the future.
Niklas Kamm, Managing Director of S&P Commercial Development, explains: "The residential segment is clearly at the centre of our growth strategy. We focus on projects in southern German metropolitan and growth regions with investment volumes of between EUR 20 million and EUR 35 million. Basic retail (food retail and drugstores) can be a targeted addition to mixed-use approaches. Similar to the Hainberg Quartier in Nuremberg, which we recently successfully sold to Nuveen." A similar project in Erlangen is about to be implemented, and further projects are in the pipeline.
With the completion of Bayerische's entry at the end of March 2026, S&P Commercial Development has set the course for further development. "Against the backdrop of a changing market environment, we see attractive opportunities for new projects and collaborations right now," explains Niklas Kamm. "The aim is to further strengthen our established market position as a project developer in southern Germany and to continue growth on a stable, long-term basis."
