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JUSTIMMO
Visualisation of the Kaprion residential project near Varna: a covered timber terrace with a seating area, a pool set in the lawn behind it and the sun setting over the Black Sea.

Real estate in our own portfolio

We think big.

JUSTIMMO develops, builds, finances and holds real estate — in Germany and Bulgaria.

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Company

You build differently when you plan to hold.

Aerial view of the Newland District construction site near Sofia: terraced houses and apartment buildings at shell stage, two tower cranes and wooded slopes behind.
Newland District, mid-2025

JUSTIMMO is an owner-managed family holding company based in Cologne, founder-built and still founder-led. We develop, build, finance and hold real estate for our own account.

That changes how we plan and build. When you run a building yourself for decades, you decide differently: you build to last, you take more care over the details, and you stay dependable to the people who live and work there.

More about the company

Principles

  • Our own portfolio

    We build for our own balance sheet — not for short holding periods.

  • A long horizon

    We think about investment decisions in decades, not quarters.

  • Substance over speed

    We plan maintenance ahead instead of catching up on it later.

  • Short decision paths

    Owner-managed: responsibility sits in one place, and decisions do not wait for a committee.

What we do

Four disciplines, one balance sheet.

Development, construction, management and financing all feed into each other here — because the same building ends up on our own balance sheet.

Heinrich-Brüning-Straße 10, Cologne, street view: five-storey residential and commercial building with light grey render, dark window frames and a projecting bay.
HBS 10, Cologne
  1. 01

    Project development

    From buying the site through design and planning consent to a plot that is ready to build on. We develop buildings and districts that will still work in thirty years.

  2. 02

    Construction and modernisation

    New builds, conversions and energy-efficiency upgrades — with resource-efficient construction and measurable CO₂ savings wherever that makes sense.

  3. 03

    Portfolio and management

    We look after our own buildings ourselves, commercially and technically: renting them out, keeping them in repair and running them day to day.

  4. 04

    Financing and capital structure

    A building we hold for decades needs financing that lasts just as long. We structure equity and debt for our own portfolio and our joint ventures in-house: bank financing, lending value and valuation, liquidity planning across the full life cycle, and cross-border holding structures between Germany and Bulgaria.

The same four disciplines, with a partner.

Joint ventures

Joint project companies with partners who think long term. We bring equity, financing and development expertise, and hands-on experience from running our own buildings.

Portfolio

Properties and projects.

A selection from our own holdings and from current developments in Germany and Bulgaria.

Germany

07
  • EngelsQuartier, Engelskirchen-Loope

    Visualisation

    EngelsQuartier

    In development

    Engelskirchen-Loope · Residential development

    6 existing + 5 new · approx. 3,600 m² living space · 2 underground car parks

    Six existing buildings modernised and extended, plus five new apartment buildings. Around 1,800 m² in the existing stock and a further 1,800 m² in the new build, along with underground car parks and basement levels.

  • ZÜL6, Cologne

    ZÜL6

    Owned

    Cologne · Neustadt-Süd

    1,233 m² residential and commercial floor area

    Modernised, extended with additional storeys and a new build in the courtyard. Today 29 apartments, a two-storey penthouse and three commercial units.

  • AVT17, Cologne

    AVT17

    Owned

    Cologne · Zollstock

    857 m² residential and commercial floor area

    Modernised, with an additional storey on top. Today 15 apartments above two commercial units.

  • HBS10, Cologne

    HBS10

    Owned

    Cologne · Zollstock

    673 m² residential and commercial floor area · 1 underground car park

    A new building on top of an old transformer station. Today 14 apartments above one commercial unit.

  • BHF70, Bad Honnef

    BHF70

    Owned

    Bad Honnef · Town centre

    666 m² residential and commercial floor area

    Built in 1897 and modernised without losing its historic fabric. home2share runs the entire residential part as an aparthotel; a yoga studio is on the ground floor.

    home2share.de — External website, opens in a new tab

More units

  • AVT15 · HBS8

    Owned

    Cologne · Zollstock

    Modernised · 960 m² residential and commercial floor area · shared underground car park

  • JST12

    Owned

    Cologne · Lindenthal

    100 m² · one apartment

Bulgaria

03
  • Amaya Penthouse, Sofia

    Amaya Penthouse

    Owned

    Sofia · Apartment

    358 m² total area

    Acquired as a shell and fully fitted out. One apartment in the Amaya complex on two levels: three bedrooms, a mezzanine, a terrace and a roof garden, looking across Sofia to the Vitosha mountains.

  • Newland District, Lozen, Sofia

    Visualisation

    Newland District

    Joint venture

    Lozen, Sofia · Master-planned community

    200 ha site · approx. 90,000 m² residential and commercial floor area

    Master-planned residential district at the foot of the Lozen mountains, about 15 minutes from central Sofia.

    newlanddistrict.com — External website, opens in a new tab
  • Kaprion, Varna

    Visualisation

    Kaprion

    In development

    Varna · Residential project

    Construction start 2027

    Villas on the Black Sea coast near Varna, each with a garden, a pool and a view of the sea.

More properties on request.

At a glance

Projects completed
21
Years in construction
14
Residential and commercial space we own
11,000 m²
Countries
2
Cities
6

Contact

Get in touch.

For enquiries about properties, joint ventures, or as a capital or financing partner, contact us directly.

info@justimmo.eu
Registered office
JUSTIMMO GmbH & Co. KG
Am Vorgebirgstor 11
50969 Köln
Telephone
+49 221 46780376
Fax +49 221 46780378
Email
info@justimmo.eu
Commercial register
Amtsgericht Köln
HRA 30091