DUNMAN CAPITAL | Specialist in Real Estate Investments

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IN REAL ESTATE INVESTMENTS

Dunman Capital is an independent investment and asset manager focused on institutional investors and international capital sources. Founded in 2019 by Josip Kardun and Henning Zimmermann, the firm manages €2.1 billion in assets as of May 2025. Operating from Frankfurt, Berlin and London, Dunman Capital merges Anglo-Saxon governance and reporting standards with deep expertise in German regulatory frameworks and market processes.

The team delivers sustainable value creation through strategically grounded, pragmatic and high-performing solutions spanning the entire asset lifecycle. Dunman Capital acts simultaneously as an investment manager and local operating partner with extensive experience in the development, restructuring and management of complex real estate projects in Germany’s key metropolitan markets.

The portfolio embraces residential real estate, micro-living, urban mixed-use developments and intricate restructurings, providing investors and project owners with tailored strategies that maximize long-term value and operational excellence.

IN REAL ESTATE INVESTMENTS

RETAIL REPOSITIONING

In Retail Repositioning, we acquire and convert retail properties, transforming vertically structured assets for future-proof uses. Demonstrated by the 90,000-square-meter Boulevard Berlin, situated on bustling Schlossstraße.

RESTRUCTURING ADVISORY

Our Restructuring Advisory leverages combined real estate and financial expertise to guide complex redevelopment and restructuring assignments, for example serving as client representative on the landmark Fürst Berlin project.

LIVING STRATEGIES

Living Strategies represents our fastest-growing segment, focused on long-term social and environmental impact.

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Manage-to-Green
Through Manage-to-Green, we invest in multifamily housing in Germany’s top 7 cities, significantly enhancing energy efficiency and sustainability via comprehensive refurbishment.

Social Living
The Social Living initiative targets residential assets outside major metros to provide affordable housing and foster socially stable tenant communities, achieved through below-market rents and upgrades to living standards.

Microliving & Hospitality
Additionally, we advance innovative urban living models in Microliving & Hospitality, repurposing commercial buildings to create high-quality, short-term housing solutions, such as the “Querstraße” project in Frankfurt, which meet rising demand in cities with tight housing markets.

EXPERTISE IN REAL ESTATE INVESTMENTS

Dunman Capital’s projects translate strategy into tangible, future-ready real assets, from complex restructurings to innovative living concepts. Each case exemplifies our experience and execution to unlock lasting value for investors, partners and communities.

Boulevard Berlin Reconfiguration

Fürst Ku’damm

Fürst Ku’damm

Urban Sustainable Residential Strategy

Microliving Conversion Strategy

Microliving Conversion Strategy

Zinnowitz

Kulturhaus Zinnowitz

We are an owner-managed real estate investment partnership and have a long-standing working relationship. Our international backgrounds and shared career paths unite us to form a seamless professional team that allows us to leverage our experience, knowledge and competitive advantages.

Our track record includes major acquisitions and disposals, extensive developments and redevelopments, asset and property management and expanding listed companies.