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H&W Family Office
H&W Family Office was established in 2016 by Gerhard Haßfurther and Matthias Wenske to consolidate the residential real-estate holdings built by their...
H&W Family Office
H&W Family Office was established in 2016 by Gerhard Haßfurther and Matthias Wenske to consolidate the residential real-estate holdings built by their families over decades of development in Bavaria. Based in Bamberg, the office functions as a permanent capital vehicle, managing property transactions, asset management, and succession planning for the Haßfurther and Wenske families. The firm does not publicly disclose its total assets or deployment figures. The office pursues a concentrated, direct-investment strategy in residential real estate across Germany. It acquires wohnwirtschaftlich genutzte Liegenschaften — residential properties — and maintains them on a long-term, generation-spanning basis. After acquisition, the firm conducts a thorough structural assessment and develops an energy-focused modernization plan to lift yields and building value. Confirmed holdings include a residential ensemble in Rosenheim, the Bamberg Residential Portfolio, Dresden Residential Holdings, Munich Residential Holdings, and specific assets at Derfflingerstraße 22 in Berlin. The office also holds a collection of nautical instruments dating from 1680 to 1910. The firm is managed by co-founders Gerhard Haßfurther and Matthias Wenske, with a small operating team that includes legal counsel Klaus Wenske, Berlin-focused real-estate lead Thomas Ulsamer, and digital property management lead Janusz J. Kwasniak. Adjacent entities include WIB Wohn-Immobilien Bayern and a Berlin-focused real-estate vehicle. H&W does not maintain disclosed philanthropic structures or co-investor clubs. The family office’s structural distinctiveness lies in its complete absence of external capital and its strictly permanent-hold, residential-only mandate. Unlike most German family offices that diversify across multiple asset classes, H&W channels multi-decade development wealth into a single, durable-use sector — German rental apartments — governed by a non-institutional, founder-led management structure that prioritizes short decision paths over growth in personnel or geographic breadth.
General information
Firm type
Single Family Office
Year founded
2016
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Bamberg
Corporate office
Bamberg, Germany
Principals
Gerhard Haßfurther
Managing Director
Matthias Wenske
Managing Director
Sector focus
Frequently asked questions
Who runs investment decisions at H&W Family Office?
Investment decisions are made by the two co-founders and Managing Directors, Gerhard Haßfurther and Matthias Wenske. They are supported by a small team of legal and operational partners, but the firm has no external investment committee or third-party advisors. All acquisitions pass through the founders, reflecting the single-family structure and short decision pathways the firm emphasizes.
How does H&W Family Office source deals?
H&W's sourcing is relationship-driven and focused on off-market or privately negotiated residential portfolios in German cities. Given the founders' decades of development history in Bavaria, deal flow likely stems from direct local contacts, property managers, and regional brokers rather than institutional auction processes. The firm does not publicly detail its origination channels.
Does H&W Family Office take outside capital or co-invest alongside external partners?
No. H&W Family Office is a purely single-family vehicle with no external capital commitments. There is no indication it participates in fund commitments or co-invests alongside outside GPs. The office's website stresses independence and long-term, self-funded holding of residential properties.
What does H&W Family Office own besides residential real estate?
The firm's disclosed holdings are exclusively German residential properties in Bamberg, Berlin, Dresden, Munich, and Rosenheim, along with a portfolio of modernizing projects in Coburg. It also holds a collection of nautical instruments spanning 1680 to 1910, which appears to be a non-investment, personal or family-held asset. No commercial real estate, equities, or other financial assets are publicly disclosed.
Does the firm plan to sell its properties, or does it hold forever?
H&W Family Office operates with an explicitly long-term, generation-spanning investment horizon. The firm states that it holds Liegenschaften langfristig im Bestand (properties permanently in inventory) and does not trade assets. Its strategy centers on continual modernization to increase rental yields and long-term building value, suggesting a no-exit approach.
Where does the underlying wealth come from?
The wealth originates from the Haßfurther and Wenske families' decades of residential and commercial real-estate development in Bavaria. The exact companies or windfall events that generated the initial capital are not publicly documented, but the accumulated property holdings form the basis of the family office's current portfolio.
Is H&W Family Office related to any larger financial group or institution?
There is no evidence linking H&W Family Office to any bank, asset manager, or larger financial institution. The firm operates as a standalone single-family office, with adjacent entities including WIB Wohn-Immobilien Bayern and a Berlin-focused real estate company. These appear to be operating subsidiaries rather than financial affiliates.
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