TGR Real Estate Asset Management

TGR Real Estate Asset Management

TGR Real Estate Asset Management was established in 2011 as the single-family office for the Randlkofer and Wille families. Their wealth originates from a controlling stake in Alois Dallmayr, the storied Munich coffee-roasting and fine-foods house founded in 1700. The office was formed to manage and develop a concentrated portfolio of commercial and residential properties generated by that operating business, keeping the families' real asset base tied to the city where their flagship delicatessen sits. The office pursues a direct-ownership real estate strategy focused overwhelmingly on Munich and its immediate suburbs. The portfolio spans both commercial and residential assets, anchored by the Dallmayr Stammhaus — the mixed-use property on Dienerstrasse 14-15 that houses the company's flagship delicatessen and café. Additional holdings include Munich residential and commercial properties, as well as the Alois Dallmayr coffee production facilities elsewhere in Germany. The strategy does not appear to involve fund commitments, third-party limited partners, or co-investment club structures; it functions as a classic buy-and-hold vehicle for operating-business-generated surplus. The office operates without a public-facing executive team, drawing its governance from the family's leadership ranks at the operating company. Florian Randlkofer, a fifth-generation family member, serves as Managing Director of Alois Dallmayr and is an active member of the IHK München Chamber of Commerce, while the next generation has begun to diversify into adjacent ventures — Paul Randlkofer co-founded Ibex Wachstumspartner, a Munich-based growth investment firm. The office's philanthropic activity runs through a separate Wille Family Foundation structure. TGR's architecture is defined by its extreme geographic concentration and full integration with a single, centuries-old operating business. Unlike most European family offices that diversify globally or open their capital to external managers, TGR's mandate is to be the long-term owner of Munich real estate funded by Dallmayr. That structural lock — no outside capital, no geographical drift, no fund-of-funds delegation — makes it an anomaly among single-family offices and a pure-play proxy for the families' conviction on Munich property.