The investment and asset management experts specialized in value-add real estate, Ulf Christiansen, Daniel Rubinstein, and Stuart Reid, have founded Troveinvest with headquarters in Berlin. The company invests as an operational joint venture partner in Germany in commercial real estate with asset management potential, according to a press release from Troveinvest dated February 25. With this focus, Troveinvest aims to develop into one of the leading investment asset manager boutiques in Germany.
The three founding partners have been working closely together since 2011 and collectively have over 85 years of industry experience. According to their own statements, they can jointly look back on a track record of investments and above-average returns—across various real estate cycles as well as asset and risk classes—with a transaction volume of more than ten billion euros.
"Our strongest motivation is the opportunity to shape a new real estate cycle together from the very beginning—and to once again function as a well-coordinated team," said Christiansen. "A team with a remarkable track record, aligned in its way of thinking. In uncertain times, it is well-thought-out strategies, solid expertise, and consistent asset management that make the success of investments—crucial for our partners and us."
As a local investment asset manager and joint venture partner, Troveinvest provides access to and management of strategic investment themes and transaction opportunities in Germany, tailored to the interests of the partners. The activity is focused on long-term business relationships that are reproducible and scalable.
By anticipating medium-term structural changes, the real estate investment asset manager aims to seize opportunities arising from market upheavals, re-evaluations, and special situations.
Since 2011, Ulf Christiansen was part of the Berlin Rockspring team with a focus on transactions. After Rockspring was acquired by Patrizia in 2018, he served as Managing Director and Head of Value Add Transactions. In this role, he led his team in developing and implementing value-add strategies for commercial and residential real estate throughout Germany.
Daniel Rubinstein joined the Berlin Rockspring team in 2005. There, he led asset management across all sectors and risk classes, with a focus on retail, logistics, multi-let industrials, and offices. After the Patrizia acquisition, he worked as a Managing Director in asset management, where he led a 20-member team and was responsible for a retail and logistics portfolio.
Stuart Reid has experience in real estate investment and development management, both nationally and internationally. He was responsible for establishing the German Rockspring office in 2001 and subsequently building up the assets under management (AuM) and the team. After the acquisition by Patrizia, he served as Managing Director in the project development team, where he initiated and implemented commercial and residential development projects in continental Europe.
