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INREV Vehicles Universe

This database of European non-listed real estate vehicles includes information on whether a vehicle is open for investment and provides key vehicle characteristics such as strategy, size, style, structure and domicile. It does not contain performance information.

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INREV Vehicles Universe - Direct Vehicles Europe

Published on 11 Mar 2025

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In Q4 2024, the INREV Vehicles Universe included 576 vehicles with a total gross asset value (GAV) of €475.4 billion.

  • The traditional property sectors, industrial/logistics, office, residential and retail, account for 87% of the single sector vehicles by GAV.
  • Six vehicles were launched in 2023, four in 2024 and two so far in 2025.
  • 298 funds follow a single country strategy, of which 75% focus on the four main geographies.
  • The Germany focused funds have the largest representation in the Universe amongst single country focused funds, at 35%.
  • Industrial/logistics represents only 12% by number of all single sector vehicles but it constitutes 28% by GAV.
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