The properties are owned by a dedicated company called German Estate Group GmbH, a sister company of Piece Germany GmbH.
This company (German Estate Group GmbH) is the legal owner of each property listed on the Piece Platform.
When you invest through the Piece Platform, you don't become a co-owner of the property.
Instead, you purchase a tokenized security issued by German Estate Group, which gives you the contractual right to receive interest from the property's rental income and a bonus interest calculated based on its value appreciation over time.
This setup means you can benefit from the stability and long-term potential of real estate—such as rental income and value growth—without taking on the complexities, costs, or legal responsibilities of direct ownership (like maintenance, taxes, or tenant management).
In short:
German Estate Group GmbH owns the property.
You own a financial instrument (Tokenized security) linked to that property’s performance.