With the expansion of the team, the multi-family office for real estate assets, DERECO in Cologne, which specialises in business families, is taking the growing demand for real estate asset management services into account.

David Doering joined the DERECO team in the autumn of last year and will be helping to expand the business sector even further in the future. The chartered engineer and property manager has already been in the investment and asset management business for more than ten years, supporting the property investments of internationally active investors, particularly on the German market. Important stages in his career include AFIAA Investment Foundation and Ecoreal Investment Foundation, both in Zurich.

In the past, mandates in real estate asset management were carried out by DERECO exclusively for customers who had already been advised on real estate investment management / portfolio building, etc. With this added service for offering asset management services to families with existing stocks of properties, the multi-family office DERECO is expanding for its continually growing clientele.

The number of single family offices that wish to have their portfolios comprehensively and externally managed has continued to increase over the past few years. At present, there are only a few independent service-providers who fulfill the level of requirement for single family offices and can provide these high quality services consistently over a period of many years.

Over the past years, DERECO has established itself as one of the few providers in this field and, in future, it will continue to focus on individual real estate investment and asset management services for single-family offices and expand the already long-term core business and its sectors and processes with qualified and experienced employees. Over the past ten years alone, the family office DERECO has already realised transactions for more than one billion euros and has taken over a large part of these acquisitions into asset management.