AM ALPHA Kapitalverwaltungsgesellschaft mbH

Overview

AM ALPHA Kapitalverwaltungsgesellschaft mbH is headquartered in Munich, Germany.¹ The firm describes its business as a privately owned family office investing in property worldwide.¹ It invests for its own account and alongside family offices, private clients and endowments.² AM ALPHA states that it has more than 100 property professionals globally.¹ Its European operations cover major property markets, while its Asian operations are based in Singapore and other Asia Pacific gateway cities.²

History

The company states that AM ALPHA has operated since 2006.³ It became climate neutral certified in May 2022.⁴ In May 2024, AM ALPHA announced Les Koltai as Head of Australia and Caroline Dellasega as Vice President of Investor Relations.² In August 2023, the firm announced the acquisition of the approximately 5,900 square metre, Grade II listed 196 Deansgate office property in Manchester for a Hamburg pension fund manager.⁵

Timeline

1. 2006The company states that AM ALPHA has operated since 2006.
2. 2022It became climate neutral certified in May 2022.
3. 2023In August 2023, the firm announced the acquisition of the approximately 5,900 square metre, Grade II listed 196 Deansgate office property in Manchester for a Hamburg pension fund manager.
4. 2024In May 2024, AM ALPHA announced Les Koltai as Head of Australia and Caroline Dellasega as Vice President of Investor Relations.

Leadership

Martin Lemke, CEO.¹

Thomas Strecker, CFO.¹

Philipp von La Rosée, Managing Director.¹

Oliver Gaschler, Director, Investment Management.¹

Etienne Marcot, Head of France.¹

Rafael Macia, Head of Iberia.¹

Chris Chow, Head of Asia.¹

Okamoto Masatomo, Head of Japan.¹

Les Koltai, Head of Australia.¹

Services

Investment management: The firm identifies prospective properties, works with partners on development and manages assets for long term value creation.⁶

Property investments: Its stated asset range covers retail parks, industrial properties, office buildings and residential properties.⁶

Asset management: AM ALPHA seeks to improve properties, support stable cash flow and contribute to local communities and environmental goals.⁶

Other: The firm develops investment structures that reflect partners’ interests and investment approaches.⁶

What the firm offers

• Investment management

Client focus

AM ALPHA works with family offices, private clients and endowments, alongside investing on its own account.² Its European credentials include retail parks, residential development, offices and mixed use properties in Portugal, the United Kingdom, France, Luxembourg and Ireland.⁷ Its Asia Pacific credentials include Tokyo residential assets, Singapore office property, Australian logistics and office properties, and mixed use assets in Sydney and Shanghai.⁸

Investment philosophy and approach

The firm says it focuses on metropolitan locations where tenant and investor demand is broad and able to withstand market cycles.⁶ AM ALPHA describes its operating philosophy as involving a long term perspective, independence and responsibility toward tenants and local communities.⁶ It says sustainability forms part of its family office philosophy through ecological, economic and social considerations.⁴ In its 196 Deansgate announcement, the firm described an approach based on anti cyclical investing and identifying market imbalances in pursuit of above average investor returns.⁵

FAQs

Related resources

• LocationMultifamily offices in Munich

  This page groups multifamily offices based in Munich, giving a family or business owner a local starting point for comparing firms by location and stated focus. It can help place AM ALPHA's Munich base and global property investment remit alongside other regional options before arranging an introductory discussion.

• GuideMultifamily office services

  This overview explains the types of work multifamily offices may provide, including investment management and related support. Reading it helps a prospective client clarify which responsibilities to discuss with AM ALPHA, such as global property allocation, reporting, decision processes, and coordination with other advisers.

• Network siteFamilyOffices.com

  FamilyOffices.com offers resources and a community for single family offices and wealthy families. A reader considering a Munich based investment manager can use those materials to frame questions about governance, family involvement, confidentiality, and how a multifamily office relationship might fit alongside existing advisers.

• GuideThe annual MFO review

  The annual MFO review provides a recurring view of developments affecting multifamily offices. It gives a wealthy family or business owner broader context for assessing investment management needs, market priorities, and questions to raise with a firm serving clients from Munich in global property markets.

• Similar firmsAlpha Family Office GmbH
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  Profiles of Alpha Family Office GmbH, AURETAS family trust GmbH, and DERECO Holding GmbH offer points of comparison on this site. Reviewing their locations, services, and client focus can help a reader identify which questions to ask AM ALPHA about investment management and property investing.

Sources

1. (accessed 2026-10-23)
2. (accessed 2026-10-23)
3. (accessed 2026-10-23)
4. and https://www.amalpha.de/en/news/clima-neutral (accessed 2026-10-23)
5. (accessed 2026-10-23)
6. (accessed 2026-10-23)
7. (accessed 2026-10-23)
8. (accessed 2026-10-23)

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.