INTREAL reports renewed growth in first quarter of 2025

IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) recorded a renewed upswing in growth during the first quarter of 2025. Assets under administration (AuA) rose to approximately €67.7 billion as of 31 March 2025, up from €66.6 billion at the end of December 2024, marking a 1.7% increase.

The total number of properties under management increased by 39 during the quarter, reaching 2,773. At the same time, the number of investment funds rose from 321 to 325. Staff numbers across INTREAL’s offices in Hamburg, Frankfurt, and Luxembourg also grew slightly to 539 employees by the end of March.

INTREAL’s leadership reaffirmed its positive outlook for the remainder of 2025. Camille Dufieux, Managing Director, noted that the company’s performance reflects improving market conditions, with increases in both AuA and fund volumes. She also acknowledged ongoing uncertainties, including geopolitical risks and the slow pace of economic growth in Germany.

Malte Priester, also a Managing Director at INTREAL, pointed to increased investor interest in real assets and signs of price stabilisation in the real estate market. He highlighted growing activity in the Real Estate Private Debt segment, driven by tighter lending standards among banks, as well as continued interest in infrastructure investments linked to the energy transition and digitisation efforts.

The Partner Funds division remained INTREAL’s largest business unit, managing 158 funds with assets totalling around €36.4 billion—approximately 54% of the company’s total AuA. The unit, which supports clients without AIFM licences, grew its assets by €178 million in Q1.

The AIFM Services division saw stronger growth, with AuA rising by €971 million to reach €31.3 billion, representing a 3.2% increase. This division, which supports licensed AIFMs by handling administrative and regulatory tasks, added two new funds during the period, bringing its total to 167.

Overall, INTREAL’s first-quarter results reflect stable investor demand for regulated real estate vehicles and sustained momentum across its core business lines.

Photos: Camille Dufieux, Managing Director and Malte Priester, Managing Director at INTREAL