German Investment Tax Reform 2018: Special funds can still offer tax transparency

The market for closed-end property AIFs has returned to its growth path. The figures pub-lished by Deutsche Bundesbank in September 2017 show that the segment has recorded growth of around 17 percent in the past two years. Net fund assets increased from €18.4 billion in September 2015 to around €19.5 billion one year later and around €21.5 billion in September 2017. The Bundesbank statistics do not make a distinction between closed-ended special AIFs and closed-ended retail AIFs.

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INTREAL expands its Market Leadership: Assets under Administration rise to 13.5 billion Euros

The Hamburg-based company IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (IntReal) expanded its position as Germany’s leading third-party AIFM in 2016, thus laying the ground for continued fast growth. Its real assets under administration (AuA) increased by a third to a total volume of 13.5 billion euros (31/12/2015: 10.1 billion euros). The number of real estate investment products administrated through the IntReal platform stood at 83 by year-end 2016 (up from 64 by the end of 2015), representing a combined portfolio total of 629 real assets (2015: 481). The transaction volume realised via the platform hit a new record high in 2016 as it climbed to nearly 2.8 billion euros.

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