IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) can report a successful start to 2020. The third-party AIFM launched a total of 14 new funds in the first quarter of 2020 and now administers 175 funds. With 72 new properties added, the number of properties under administration rose from 1,331 (Q4 2019) to 1,403. The total volume of assets under administration (AuA) grew by €2.2 billion from €31.1 billion to a total of €33.3 billion. INTREAL hired 20 new employees in Q1, bringing its total number of employees to 310.
Michael Schneider, Managing Director of INTREAL, says: “INTREAL posted a strong first quarter – despite the foreseeable and perceptible effects of the coronavirus crisis in March. Due to the pandemic, we generally anticipate stagnating figures in the second quarter, but we also see a possibility that the property asset class could maintain or even increase its importance in the investment world of both private and institutional inves-tors in the crisis and afterwards. We are currently benefiting from the systematic expansion of our IT infra-structure, which allows us to remain fully operational even in times of social distancing and to position our-selves optimally with our fund partners now and in the future.”
Partner Funds segment grows by €1.5 billion, AIF Administration Services by €0.5 billion
The company’s growth breaks down as follows: The Partner Funds segment for national and international asset managers grew by more than €1.5 billion to €20.1 billion in the first quarter of 2020. As such, INTREAL achieved half of the growth generated in 2019 as a whole as at 31 March 2020 already. Accounting for approximately 60% of total AuA, Partner Funds is still the most important of the administration specialist’s segments.
AIF Administration Services also saw strong demand in the first quarter. In this segment, INTREAL takes on all back-office activities for other alternative investment fund managers (AIFMs), enabling them to increase their efficiency in an environment of rising regulatory costs. “The current crisis has shown that outsourcing activities to a large and efficient third-party AIFM makes an important contribution to the stability of a company’s own business,” says Michael Schneider. This segment grew by €0.5 billion to €13.2 billion in the first quarter.
Staff headcount increases to 310
The growth generated in the first few months of 2020 was accompanied by the recruitment of 20 new fund specialists. In total, the INTREAL had 310 employees as at 31 March 2020. As well as expanding its IT, the third-party AIFM also established the new Treasury department as a long-term response to the company’s general growth and the additional requirements arising from the strong growth of the open-ended mutual property funds administered by INTREAL.
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