PropTech Matera is continuing its expansion in northern Germany with the acquisition of Stoldt Immobilienverwaltung GmbH. Established in Hamburg for more than ten years, the property management firm currently manages around 940 units. As a result of the merger, the portfolio managed by Matera in the Hamburg metropolitan region will grow to approximately 2,200 units.
Hamburg has now become the company's second-largest market, explains Moritz Himmelreich, Managing Director of Matera Deutschland GmbH. He notes that the price level there is proving significantly more attractive compared to Berlin. Through the integration of the Stoldt portfolio, Matera is recording a 75 per cent portfolio growth at its Hamburg location.
Consolidation in a fragmented property management market
The German property management market is traditionally heavily fragmented. There are around 30,000 businesses nationwide, the vast majority of which employ only two to three staff members. In addition, the sector is facing a noticeable generational transition: approximately a quarter of current owners will retire within the next five years.
Against this backdrop, targeted acquisitions represent a key strategic lever for Matera. The acquired teams contribute long-standing client relationships and local market expertise, while the PropTech provides the technological infrastructure. According to Himmelreich, the company is already in talks with other regionally established management firms that specialise in condominium law (WEG).
Technology and organisational transition
The operational takeover will proceed while retaining existing structures. Familiar points of contact will remain in place for clients, while the company will trade as "Stoldt by Matera" in the future. Across Germany, Matera now manages around 1,500 homeowners associations.
Alongside continuity in staffing, Matera is introducing automated processes and an AI-based ticketing system to relieve property managers of routine tasks. In addition, internal specialist departments are available for legal and construction matters. Based on experience to date, the use of these systems leads to a productivity increase of around 50 per cent in property management and approximately 40 per cent in accounting.
