Company / History
The company commenced its operations in Germany in 2004, concentrating on residential properties and commercial real estate. Asset Management and Project Development divisions have since complemented its activities.
ORCO Germany is a subsidiary of ORCO Property Group, one of the leading real estate companies in Central Europe with its real estate portfolio worth EUR 2.5 billion (status as per June 30th, 2007). Orco Property Group was founded in 1991 and has its seat in Luxembourg. It is listed on the Euronext and Prague Stock Exchange, as well as, the stock exchanges of Budapest and Warsaw. The focus of its activities lies on the Czech Republic, Hungary, Poland, Russia, Croatia, Slovakia and Germany.
In the field of Project Development, ORCO Germany improved its strategic position and competitive strength by acquiring Viterra Development in 2006. This is one of the leading project development companies and investors in the field of commercial real estate and residential properties, and is active in the core markets of Germany, Berlin, Düsseldorf, Frankfurt, Hamburg and Munich.
By taking over Gewerbesiedlungs-Gesellschaft (GSG) in June of 2007, ORCO Germany expanded its real estate portfolio in Berlin. This means the company now manages more than one million square meters of existing properties and development projects in the German capital. GSG was established in 1965. At approximately 850,000 m² of office spaces and multifunctional areas, it is one of the leading suppliers of commercial spaces in Berlin.