INTREAL reports mid-year growth in assets under administration

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) reported an increase in assets under administration (AuA) during the first half of 2025, reaching approximately €68.7 billion by the end of June. This represents growth of €2.1 billion, or 3.2 percent, compared to the end of 2024.

The number of real estate funds under management rose from 325 to 330, and the number of properties grew by 34 to a total of 2,807. The company also expanded its workforce, employing 545 people as of 30 June 2025, after six new hires in the second quarter. Recruitment focused in particular on automation and artificial intelligence expertise.

Camille Dufieux, Managing Director of INTREAL, said: “Our growth regained momentum during the first six months of 2025 when compared to the same period last year. During the first half of 2024, our AuA increased by 483 million euros while increasing by approximately 2.1 billion euros during the first half of 2025. In other words: we grew approximately four times faster during the first half of 2025 than we did during the prior-year period. I therefore take an optimistic view for the second half of the year. We are aware of several new funds being prepared – even if their number still falls short of the number we saw prior to the interest rate reversal.”

The Partner Funds division remains the company’s largest business unit, managing around €36.6 billion across 160 funds, which accounts for over 53 percent of total AuA. The division added €229 million in the second quarter and €407 million in the first half of the year. It also onboarded Hauck Aufhäuser Lampe Privatbank (HAL REIM) as a new fund partner, with one institutional real estate fund already launched.

The AIFM Services division, which provides administrative support to other licensed AIF management companies, was the main driver of growth in the second quarter. AuA in this division rose by €758.6 million, reaching €32.1 billion. This segment now represents 47 percent of INTREAL’s total AuA. Services offered by the unit include reporting, management accounting, fund accounting, equity investment management, and risk management.

Commenting on the division’s performance, Managing Director Malte Priester said: “The fact that many AIFMs require more flexibility and an efficient back office has resulted in an increasing demand for our services. In this context, our strong position in the areas of digitisation and automation plays a crucial role in the decision to collaborate with us.”