INTREAL reports steady growth for Q3 2024, with bright outlook for year-end

INTREAL, a leading third-party AIFM in Germany’s real estate sector, continued to exhibit moderate growth in the third quarter of 2024, reinforcing its position as a prominent player in the industry. As of 30 September 2024, the company’s assets under administration (AuA) reached approximately €66.4 billion, reflecting a quarterly increase of €256 million, or 0.4%. Compared to the end of 2023, AuA saw a rise of over €738 million, or 1.1%, highlighting the company’s consistent performance amidst a fluctuating market.

INTREAL’s portfolio expanded during Q3, with the total number of properties under management rising to 2,717, an increase of seven properties since the end of June. Additionally, the number of funds managed by the company grew to 315, up from 305 at the end of 2023. Staff levels also rose, with 528 employees across the company’s offices in Hamburg, Frankfurt, and Luxembourg.

Camille Dufieux, Managing Director of INTREAL, expressed optimism about the company’s performance in 2024, despite the slower growth pace compared to previous years. “While the market has been more restrained, we are seeing signs of modest recovery, particularly in transaction activity and preparations for new investment funds. The focus has shifted towards individual funds and club deals involving well-known investment real estate, rather than large-scale blind pools,” Dufieux explained.

INTREAL’s Partner Funds division, the largest of its business units, accounted for over 54% of the company’s total AuA, which reached approximately €36.1 billion by the end of Q3 2024. This division saw an increase of €251 million in AuA between mid-year and the end of September, with a total increase of €730 million year-to-date. The division provides comprehensive services for launching and managing alternative investment funds (AIFs), supporting asset managers and property developers without AIFM licenses.

In INTREAL’s second major business line, the AIFM Services division, AuA amounted to €30.3 billion by 30 September 2024, with a total of 160 funds under management. This division offers administrative services, including reporting, controlling, fund accounting, and risk management, to other licensed AIF management companies.

With continued growth in its key business divisions and a positive market outlook, INTREAL is positioned for a strong finish to 2024. The company’s diversified portfolio and expertise in fund management and administrative services continue to drive its success in a dynamic real estate market.