Built on trust.
Growing through partnerships.
We source, structure, and manage real estate investments for private investors and family offices across Europe and selected emerging markets. Concentrated convictions. Disciplined underwriting. Long holding periods.
€480M+
Capital deployed
Across 40+ transactions since 2015
11
Countries
Active markets across Europe and select emerging regions
17.4%
Realised IRR
Weighted average, net of fees, on closed deals
84%
Investor repeat rate
LPs who commit to a second or third deal
What we invest in
Three strategies. One discipline.
We run a focused book across income-producing assets, leisure and hospitality, and selective opportunistic plays. Each strategy has its own return target, risk envelope, and operating partners.
Who we are
Global reach.
Strategic investments.
DB Real Estate is a boutique investment firm committed to identifying and capitalising on real estate opportunities that most institutions overlook. We blend local market expertise with international practices to deliver risk-adjusted returns that compound through cycles.
Local presence, global network
A Cyprus HQ with on-the-ground relationships in every market we operate. We underwrite with local context, not spreadsheets from afar.
Skin in the game
The partners co-invest on every deal. Our fees align with realised returns, not assets under management.
Selective by design
We close fewer than one in every thirty deals we screen. We would rather sit on cash than force a thesis.
What our investors say
Quiet compounders. Loud endorsements.
We work with family offices, private investors, and co-investment syndicates who value discretion. A few have agreed to be quoted.
“DB Real Estate gave us access to deal flow we would never have seen from London. Their underwriting is tight and the reporting is boringly predictable — which is exactly what we want.”
Elena Kovač
Family Office Principal · Zagreb
“They don't oversell. When a deal doesn't fit their thesis, they say so and walk away. Three deals in and that discipline has been the most valuable thing on the cap table.”
Jonathan Marsh
Managing Partner · London-based investment office
“Cross-border real estate usually means a thousand small frictions. DB Real Estate handles structuring, local counsel, and operator introductions so we just show up for committee meetings.”
Sofia Lambrou
Head of Alternatives · Athens
Frequently asked
Answers, before you ask.
Straight answers to the questions we get most often from prospective investors.
What does DB Real Estate do?
DB Real Estate is a boutique real estate investment firm based in Larnaca, Cyprus. We source, structure, and manage commercial, residential, vacation, and select emerging-market property investments for private investors, family offices, and institutional co-investors.
What is the minimum investment?
Single-asset co-investments typically start at €500,000. Club-deal partnerships usually run from €1M to €5M per investor, and anchor positions are sized case-by-case.
Which markets do you operate in?
Cyprus, Greece, Portugal, Italy, Switzerland, the United Kingdom, Poland, Serbia, and selected emerging markets across the Balkans, North Africa, and Eastern Europe.
What returns do you target?
Core commercial and residential strategies target 8–12% net IRR. Vacation and leisure assets target 12–18%. Global opportunities are underwritten to 18–25% net IRR with commensurate risk.
How long is a typical hold period?
Core assets hold seven to fifteen years. Value-add and repositioning strategies typically exit within three to five years. Opportunistic and global deals are case-by-case.
How are investors reported to?
Quarterly portfolio reports, annual audited accounts, and an investor portal with live capital account balances. Material events are communicated within 48 hours.
Is DB Real Estate regulated?
DB Real Estate, Investments & Consulting Ltd is a Cyprus-registered company. Fund structures are established on a deal-by-deal basis with regulated administrators, independent trustees, and Big Four audit.
Let's talk
A quiet conversation about where capital can work harder.
Tell us a little about yourself and what you are exploring. We reply within one business day. No boilerplate, no pressure.
- Office
- Griva Digeni 3, Patsalos House, 5th floor, office 501
6030 Larnaca, Cyprus