The company was established under the name IMMOVARIA Beteiligungen in September 1999 as a subsidiary of the P & I Group (a company in the Dutch AM NV), in the legal form of a “GmbH & Co. KG”.
It owns extensive property assets in Berlin, Dresden and Plauen (80% residential property and 20% commercial space).
It also holds interests in various companies.
In July 2004, 94% of the limited partner’s share was taken over from the Nuremberg-based entrepreneur Dr. Siegfried Axtmann. At the same time, Axtmann Beteiligungs GmbH took over the general partner’s position. 100% of Axtmann Beteiligungs GmbH is owned by the Axtmann family.
In July 2005, the company was transformed into a joint stock company (Aktiengesellschaft). Its share capital amounts to EUR 40 million The ownership structure has remained unchanged.
In January 2008, the company acquired a majority interestin SP Asset Management AG, a company listed on the open market, which is now traded on the over-the-counter market of the Hamburg stock exchange under the name Immovaria Real Estate AG > www.immovaria-real-estate.de
In August 2010 the company was merged with Axtmann Beteiligungs GmbH to form the existing Axtmann Holding AG.
In the future, the focus of its business activities will be trading in real property and company participations, particularly the purchase of high-return apartment buildings and/or mixed use properties.