IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Germany’s leading third-party AIFM in the real estate sector, continued to show steady growth during the third quarter of 2023. Over the summer months from July through the end of September, assets under administration (AuA) increased by c. 522 million euros to 65.3 billion euros as of 30 September 2023. It was the first time that the sum total crossed the mark of 65 billion euros. Compared to the figure at year-end 2022, this implies an increase by well over 3.2 billion euros or approximately 5.2 percent.
At the same time, the number of investment funds managed by the Hamburg-based administration specialist set a new record with a new total of 302 after a net increase of four funds as of 30 September 2023. The number of real assets under administration—representing the balance of acquisitions and disposals completed by INTREAL fund partners—increased by a net total of 48 assets during the quarter under review. This brings the number of real assets administrated by INTREAL up to a new total of 2,618 as of the reporting date of 30 September 2023.
Parallel to the growth of assets and properties under the administration of INTREAL, the company successfully recruited twelve professionals and executives with various remits, so that the number of employees working at the company’s three branches in Hamburg, Frankfurt and Luxembourg increased to a new total of 526.
Source: press release received on 29 November 2023.