Thirty-five years of building.
Six countries.
One exit.

A pioneer by instinct. Operated across emerging markets through multiple cycles, sold in full ahead of the 2008 crash and spent the years since on what comes after.

As Featured In

  • The Wall Street Journal
  • Forbes
  • Bloomberg
  • Property Week
  • EuroProperty
  • Management Today

The Record

Between 1991 and 2008, Paul built one of Central and Eastern Europe’s most significant integrated property businesses, built across Estonia, Latvia, Lithuania, Poland, Ukraine and Russia. Sold in full in 2008, ahead of the global financial crisis. Today Paul is Chairman of Hilltop Capital Partners, a London-based real estate alternative credit manager lending to UK residential development.

Residential Units Funded and Developed
0 K+
Sq Ft Commercial & Hospitality
0 M
Markets, 35 offices, 350 brokers at peak
0
Exited in full, before the crash
0

What I do

Beyond The Platform

Real Estate

European real estate credit and equity. Institutional capital, regional operators, majority-equity structures.
hilltopcapitalpartners.com

Initium — The Circle

A private peer circle for founders navigating what success doesn’t fix. No hierarchy. No fixing. Just truth-telling among people who have paid the same price.
Read More

Coming Clean: Confessions of an Entrepreneur

A memoir for founders who built everything they wanted and found out it wasn’t enough — and what they did next. A podcast follows.
Be told when it releases

Private Advisory

A private advisory platform for families and operators navigating wealth transition, succession, and capital deployment into Southern Europe. Invitation only. By conversation.
lagolondrinaprivate.com

BACKGROUND

The Operator

Paul Oberschneider has built and sold businesses across Central and Eastern Europe for thirty-five years, operating through multiple emerging markets and several capital cycles.

He founded Ober-Haus and built it into one of the largest fully integrated real estate development and investment companies in the region — 35 offices across six countries, some 650 people, and separate operating businesses in brokerage, development, mortgage lending and advisory. The group developed and held a portfolio of grocery-anchored shopping centres, residential schemes at scale and commercial estates. He built a group of five-star boutique hotels across Tallinn, Riga and Krakow, including Estonia’s first luxury hotel, and the Tallinn Christmas Market, for which the Estonian state awarded him a medal in 2018 for his contribution to the hospitality sector. He raised capital from institutional investors, private equity and family offices. The businesses were sold, in full, in early 2008 — ahead of the global financial crisis.

After 9/11, when his private equity partners panicked and instructed a wind-down, he bought them out instead with money he did not have. That decision is the reason there was anything to sell.

He got sober in September 1986. Every company he built came afterwards.

Today he is Chairman of Hilltop Capital Partners, a London-based real estate alternative credit manager lending to UK residential development, and works between London and Sotogrande. He takes board seats, advises founders and management teams, and invests selectively alongside operators he knows. 

Paul is an advisor, investor and international speaker. He sits on boards and works with founders and management teams through the decisions, invests alongside operators he knows and trusts and shares his knowledge and experience at conferences and private events on building in markets with no rules, timing an exit and the reality of being a founder.

Jump into the cold water. Swim for the stick. Keep doing it regardless of the temperature.

FROM THE MANUSCRIPT, COMING CLEAN

The Newsletter

View From The Top

One letter every Wednesday, for founders, investors and operators building in European real estate. Written by someone still doing it.

CapitalWhere institutional money is moving, and what it is actually pricing
MarketsWhat the cycle looks like from inside an operating business, not from a research note
BuildingThe parts of the job nobody puts in the deck
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