Our spectrum reaches from developing residential properties, mainly micro-apartments, offices and hotels to developing entire city districts which can include revitalization and repositioning of existing properties as well as new builds. We currently manage an active development pipeline of 1,9 billion Euros. The fully invested Cresco Fund 1 (EUR 197 Mio. equity commitments) has been primarily invested in micro-apartment developments, which account for ca. EUR 0,4 billion of our current pipeline. The majority of projects are managed through separate account mandates in Luxembourg AIFs. Cresco Real Estate acts as a fund and investment manager for all investments and currently employs 56 people in its offices in Berlin, Luxembourg, and London.
We focus on realizing unique properties and operating concepts that address not only tenant needs, but also have lasting impacts on their respective cityscapes and cultures. As a full-service real estate company, we employ a holistic strategy and manage the entire life cycle of real estate. Our extensive track record and expertise in project development from creating concepts, obtaining planning permission and constructing, and the subsequent management and operating of many properties, accompany us in every project.
Our deep understanding of lifestyle and market trends as well as our strong passion for architecture and design has driven us to realize extraordinary projects.