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May & Co.
May & Co. was established in 1983 by Michael May, building on the family's existing construction and development activities in northern Germany.
May & Co.
May & Co. was established in 1983 by Michael May, building on the family's existing construction and development activities in northern Germany. The firm remains under family control, with Maximilian May and Alexander May serving as Managing Directors, and operates from dual bases in Itzehoe and Hamburg. The underlying wealth stems from decades of commercial real estate development and property management, with the family office now serving as the structured vehicle to preserve and deploy the resulting capital. The office pursues a strategy centered on direct real estate ownership — including development, long-term holding, and asset management — supplemented by select private equity and direct co-investments. Its asset-class mix spans industrial logistics parks, retail centers, mixed-use projects, hospitality, and renewable energy infrastructure. Confirmed holdings include the LOG Park Berlin Schönefeld (a joint venture with Pflugfelder), the Amazon Delivery Warehouse in Nuremberg, and a portfolio of prizeotel-branded hotels across Hamburg and Hannover. The firm also owns several ground-mounted photovoltaic installations in Schortens, Jarmen, Gera, and Bardowick, signaling an expanding allocation to energy infrastructure. Geographically, the portfolio concentrates on Germany, with a dense cluster of assets in the Hamburg metropolitan region and satellite holdings in locations such as Bad Homburg and Kappeln an der Schlei. The family office does not publicly disclose its team size or total assets, though it has completed more than 400 investments since inception. It maintains an office in Hamburg in addition to its Itzehoe headquarters. Recent operational moves include the April 2024 appointment of Tim Oertling, formerly of HIH Real Estate and the MOMENI Group, as Managing Director of May & Co. Development GmbH to build out the firm's office property division, succeeding Ole Segebarth who departed in December 2023. The office participates in industry networks such as the Logistik-Initiative Hamburg, reflecting its sustained exposure to logistics real estate. May & Co.'s architecture stands apart for its refusal to separate the operating company from the investment vehicle — it functions simultaneously as an active developer, property manager, and allocator. This integrated model, combined with an indefinite hold period for most assets and no external fundraising, gives the family office a patient-liability structure that institutional managers in the region often cannot replicate.
General information
Firm type
Single Family Office
Year founded
1983
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Itzehoe
Corporate office
Itzehoe, Germany
Additional offices
Hamburg, Germany
Principals
Tim Oertling
Managing Director, May & Co. Development GmbH
Altss tracks 3 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at May & Co.?
Investment governance is concentrated within the May family. Maximilian May and Alexander May serve as Managing Directors, with founder Michael May retaining oversight. Day-to-day development decisions for the office property division are managed by Tim Oertling as Managing Director of May & Co. Development GmbH since April 2024.
How does May & Co. source its real estate projects?
The firm sources opportunities primarily through its own development pipeline and longstanding local relationships in northern Germany. It acquires land directly — for example, it purchased the site for the Fachmarktzentrum in Kappeln an der Schlei in 2006, well before development commenced — and enters joint ventures with regional operating partners such as Pflugfelder for the LOG Park Berlin Schönefeld.
Does May & Co. invest only in real estate, or does it pursue other asset classes?
Real estate is the core allocation, spanning development, long-term holdings, and asset management. The firm also makes select private equity investments and direct co-investments. Its sector exposure includes logistics, retail, hospitality, mixed-use, and renewable energy assets such as ground-mounted solar installations in Schortens, Jarmen, Gera, and Bardowick.
Is May & Co. open to co-investing with external partners?
Yes, the office participates in joint ventures with selected business partners. Known co-investors include Pflugfelder on the LOG Park Berlin Schönefeld and Porth Gruppe through the Concarus Real Estate Invest GmbH vehicle. The firm also maintains a strategic partnership with Greenman Investments for retail property investments.
How is the family's operating business related to the family office?
The two are deeply integrated. May & Co. Holding GmbH functions simultaneously as a real estate developer, property manager, and family office allocator. The same entity develops properties, holds them on balance sheet, and recycles cash flows into new investments — there is no formal separation between an operating company and a distinct family office vehicle.
Where does the underlying wealth come from?
The wealth originated from commercial real estate development and property management in northern Germany, beginning with the founding of May & Co. Wohn- und Gewerbebauten GmbH. That operating business generated the capital that the family office now deploys across a diversified real estate portfolio concentrated in the Hamburg metropolitan region.
What is May & Co.'s known posture on holding periods?
The firm adopts an indefinite hold strategy for most assets. Its own description emphasizes bestandshaltung — long-term portfolio maintenance — and many properties, such as the Fachmarktzentrum Kappeln site acquired in 2006, demonstrate multi-decade ownership horizons. This patient-capital structure is atypical for a German real estate developer of its size.
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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