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The “Bundesverband Freier Immobilien- und Wohnungsunternehmen” (German / Federal Association of Independant Real Estate and Housing Companies) is the umbrella organisation of real estate companies, having more than 1.600 members and associated companies in sectors such as commercial and industrial construction and management, urban and projectdevelopment, closed-end real estate funds and facility management. BFW member firms are managing about 3,2 Mio. housing units as well as commercial premises with an overall floor space of 10,4 Mio. square meters. In 2007, they represented an investment volume of 53 billion Euros.
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