Residential waterfront project in Erkner

About Us

Agile, analytical, and reliable – since its founding in 2001, Livory has continuously adapted to changing market needs.

Today, the company stands for the development of future-oriented residential concepts with a focus on Build-to-Rent (BTR) and serviced apartments.

Livory develops and delivers tailor-made concepts that are individually aligned with the specific requirements of the location, site, tenants, and investors.

Our Values

100% living in Germany's A cities

Highest development and ESG standards

Strong in-house expertise and partner network

Experienced, highly qualified and digitally minded

We find solutions for every eventuality

Scale & Focus

100% living in Germany's A cities

Process Excellence

Highest development and ESG standards

Build Expertise

Strong in-house expertise and partner network

Next-Gen Team

Experienced, highly qualified and digitally minded

Long-Term Alignment

We find solutions for every eventuality

Developer & Operator

Leading property developer with proven expertise

Livory is a leading developer in the Build-to-Rent (BTR) and serviced apartments sector, with many years of experience in the hotel segment. In recent years, more than 7,500 residential units have been delivered, generating a total volume of approximately €1.6 billion.

Robust pipeline and financial resilience

With a secured project volume of approximately €900 million and ongoing construction activity despite challenging market conditions, Livory is one of the few active developers capable of meeting current industry demands. Our institutional partnerships further highlight the company’s stability and long-term strategic orientation.

Focus on sustainability

Our developments meet the highest sustainability standards, including DGNB Gold, EU taxonomy and the EH55/40 energy efficiency standards. ESG-oriented planning ensures regulatory compliance, risk minimisation and long-term value creation. Social aspects are also integrated into our development and operational processes.

Integrated investment and asset management

Livory Capital brings together investment, fund and asset management services. With €450 million in assets under management, we offer institutional investors structured and reliable financial solutions. Our management activities generate product ideas, market access and operational expertise, complemented by active crisis management.

Backed by strong partnerships and expertise

As a portfolio company of Henderson Park, Livory has a solid financial foundation and benefits from strategic support, deep market knowledge and a strong network of institutional partners – the basis for scalability and sustainable growth.

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Excellence

Over 20 years of excellence – sustainable development & operation

Building, Operating & Managing

Since 2001, Livory has successfully developed more than 110 properties throughout Germany.
Livory achieves an annual GDV of over €200 million, which corresponds to more than 2,000 units per year for institutional investors, private clients and family offices.
The group leverages its strong network and partnerships with investors, banks, brokers and operators through an experienced team of 50 employees.
Its sister company, smartments, employs around 70 people and operates serviced and microliving apartments throughout Germany and Austria.
Together with smartments, Livory is fully vertically integrated.
Livory and smartments are fully committed to ESG by establishing CSRD guidelines, aligning planning and development with EU taxonomy and certifying their projects to the highest standards.

Value Creation

Livory as a vertically integrated full-service provider

Structured and analytical start:

Data-based market analysis
Acquisition via an established network
Technology-supported underwriting
In-depth understanding of construction costs through historical analyses and current contract award data
Dynamic financial modelling with sensitivity analyses
Early involvement of banking partners to secure financing

Unlocking the potential of every plot of land

Strong network of architects and planners
Experienced team of in-house architects and civil engineers
Exploitation of building rights
Early integration of ESG criteria
User-centred planning approach
Local political network

Complete control over costs and timing

Software-based tendering and awarding of contracts
Technology-supported cost controlling
Regular reporting (equity capital & financing)
On-site operational management
Comprehensive supplier network

Optimised processes, reliable implementation

A decade of operational excellence
Scalable and efficient business model
Digitally driven value creation
Prime locations with high demand
Trusted partner for investors

Well-founded investment decisions, trusting partnerships

Comprehensive investor network
Proven transaction security
In-depth market knowledge
Seamless transaction preparation
Professional deal management
Asset management solutions

Comprehensive reporting
Proactive asset management
Strategic consulting services
Reliable supplier network
Risk management expertise
ESG integration in asset and financing

Partners

Our strong and established network

Banks | General contractors | Investors | Architects & planners

About Us