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AM Alpha
AM Alpha was established in 2006 by principals tied to a German entrepreneurial family whose wealth originated in real-estate holdings. Martin Lemke serves as...
AM Alpha
AM Alpha was established in 2006 by principals tied to a German entrepreneurial family whose wealth originated in real-estate holdings. Martin Lemke serves as chief executive. The firm operates from Munich with additional presence across multiple markets. Investment activity centers on core, core-plus and value-add real estate. Allocations span office buildings, retail parks, residential portfolios and logistics assets. Confirmed holdings include the Rylands Building in Manchester, BPlanet retail park in Lisbon, Alpha Prime Kameido in Tokyo, Sintra Retail Park in Portugal, Northside Shopping Centre in Dublin, Moxy by Marriott hotel in Lille and Îlot B in Bordeaux. Geographic reach covers Europe, Japan, Australia and Singapore. Co-investments occur alongside other European family offices and counterparties such as Mitsui & Co. The firm employs local professionals in at least five countries. Recent appointments include Les Koltai as Head of Australia and Caroline Dellasega as Vice President of Investor Relations in Singapore, both announced in May 2024. In July 2024 the firm sold Alpha Prime Toyocho in Tokyo to a fund managed by Mitsui & Co. Adjacent vehicles or philanthropic structures are not publicly detailed. AM Alpha maintains a direct-ownership model rather than fund commitments. Local teams source and manage assets without reliance on external managers for core holdings. This structure allows aligned co-investments with other family offices while retaining operational control over European and Asia-Pacific properties.
General information
Firm type
Multi Family Office
Year founded
2006
Location
Region
Europe
Country
Germany
City
Munich
Corporate office
Munich, Germany
Additional offices
London · Paris · Singapore · Tokyo · Sydney · Manchester · Luxembourg
Principals
Martin Lemke
Chief Executive Officer
Wolfgang Egger
Principal
Les Koltai
Head of Australia
Caroline Dellasega
Vice President of Investor Relations
Rafael Macia
Head of Iberia
Masatomo Okamoto
Head of Japan
Etienne Marcot
Head of France
Sector focus
Frequently asked questions
Who runs investment decisions at AM Alpha?
Martin Lemke serves as chief executive and oversees investment decisions. Local heads in Iberia, Japan, France and Australia execute regional acquisitions and asset management.
How does AM Alpha source proprietary deal flow?
On-the-ground teams in London, Tokyo, Sydney and Singapore identify opportunities directly. Co-investments with other European family offices supplement sourcing.
Does AM Alpha participate in fund commitments or only direct deals?
The firm executes direct acquisitions and holds assets for its own account. It does not commit to external real-estate funds.
What investment stages does AM Alpha typically target?
Core, core-plus and value-add strategies predominate. The firm avoids development and distressed situations.
Where does the underlying wealth come from?
Wealth traces to a German entrepreneurial family's real-estate holdings. Wolfgang Egger, founder of Patrizia AG, is identified as the principal.
What is AM Alpha's known posture on co-investments alongside external GPs?
The firm pursues aligned co-investments with other European family offices. It retains operational control rather than passive participation.
Which sectors does AM Alpha explicitly avoid?
The firm does not invest in venture capital, hedge funds, private equity, infrastructure or digital assets. Focus remains strictly on direct real-estate ownership.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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