Years of experience in the development of attractive real estate projects from the purchase of land to project handover

ZAR Real Estate Holding

Based in Munich and operating across Germany, ZAR Real Estate Holding is a fully integrated developer of real estate projects with high value creation potential.

The company focuses on the development of commercial properties, urban quarters and hotels. ZAR Real Estate Holding holds and is currently developing projects totalling a combined gross floor area of approximately 1.12m square metres. The company’s investments are primarily concentrated on selected areas at the edges of booming big cities such as Berlin, Düsseldorf or Frankfurt am Main. In past years the consortium has supported well-known developments.

Quick decision-making processes concerning purchases guarantee a high degree of agility. At the same time, an excellent network of long-standing partners testifies to the absolute quality and reliability of ZAR Real Estate Holding.

What makes us stand out

  • Clear corporate strategy through sole shareholder

  • Quick decision-making processes concerning purchases

  • Strong capital in all project phases

  • Strong partner network

  • High degree of experience based on a number of successfully completed project developments


Felix Schallmeyer

Felix Schallmeyer

Chief Executive Officer

After completing his degree in business administration, Felix Schallmeyer built up years of experience in the hedge fund sector. His long-standing expertise extends to real estate transactions and the structuring of financial vehicles, amounting to a total of one billion euros. Mr Schallmeyer has been in charge of building up ZAR Real Estate Holding GmbH from the very beginning. He was also on the supervisory board of a large investment property company with 13,000 residential units.

Stephan Mühlbauer

Stephan Mühlbauer

Chief Financial Officer

Stephan Mühlbauer is Chief Financial Officer at ZAR Real Estate Holding. Before that he was responsible for audits of listed real estate companies, capital management companies and investment funds as well as valuations of real estate companies at a large auditing company for many years. His main focus is on finance, tax and accounting for the entire ZAR Group.

Stefan Neher

Stefan Neher

Head of Development

Stefan Neher has been a project developer since 2003. Before joining ZAR Real Estate Holding he worked for different national and international companies. His expertise lies in the development of both commercial and residential properties. From his previous work Mr Neher has built up a large network of contacts and gained extensive experience in the acquisition, building planning approval, contract negotiations, renting and conception of large, complex projects.

Andreas Hägele

Andreas Hägele

Head of Transactions

Andreas Hägele is Head of Transactions at ZAR Real Estate Holding. Prior to that, he gained several years of experience at one of the leading management consultancies in advising national and international investors and accompanied transactions with a total volume of more than 17 billion euros. Mr. Hägele is fully responsible for the purchase and sale of land and projects.

Juan Carlos Calvo Quesada

Juan Carlos Calvo Quesada

Investment Manager

Juan Carlos Calvo Quesada is a Investment Manager at ZAR Real Estate Holding. He spent four years prior to this working in strategy consulting, one year of which as a freelance consultant. His work focuses on projects in the fields of corporate real estate management, investment management and corporate finance. Mr Calvo Quesada supports the ZAR team in finance matters, project development and deal structuring and exits.

Pelin Yilmaz

Pelin Yilmaz

Project Manager

Pelin Yilmaz studied tourism management at the University of Applied Sciences in Munich. Working at Zarges von Freyberg Hotel Consulting, she gained first relevant professional experience in the hotel- consulting and development industry. Ms. Yilmaz joined the ZAR Real Estate Holding GmbH as an executive assistant and works now as a Project Manager and is responsible for the development of hotel projects.

Marieta Todorova

Marieta Todorova

Executive Assistant

Marieta Todorova is an executive assistant at ZAR Real Estate Holding. In addition to her organisational office management duties, she is able to look back on a 15-year career as an executive assistant. She helps the Executive Board in the planning, execution and coordination of administrative processes and is responsible for coordinating the ZAR Holding schedule.


Current openings:

Junior Consultant / Analyst (m/w/d) Projektentwicklung Immobilien / Real Estate Development


Telephone: +49 89 9545766-80

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