IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (INTREAL) remains on course for growth and has two strong shareholders going forward. The Hamburg-based foundation, Joachim Herz Stiftung, takes a 49% share in INTREAL, Germany’s market leader in institutional real estate fund administration. By incorporating Joachim Herz Stiftung into the group of shareholders, the HIH Group is boosting the capital base and the long-term neutrality and independence of INTREAL as a real estate Service KVG. The HIH subsidiary Warburg-HIH Invest Real Estate GmbH will remain as majority shareholder.

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More and more fund providers want to take profits, reveals a survey by INTREAL, Germany’s leading third-party real estate AIFM, of its fund partners. It found that 40 percent of those surveyed believe that now is a good time to take profits and are planning sales. However, only around a quarter of the fund providers are planning to liquidate funds completely.

Michael Schneider, Managing Director of INTREAL, explains: “Our survey shows that only a quarter of our fund partners are planning to liquidate entire funds. These cases relate mostly to older funds that have reached the end of their planned duration. In contrast, 40 percent of the fond partners want to sell individual properties in a targeted manner. This discrepancy shows that selling is not necessarily the same as fund liquidation. Most of the sale proceeds are to be reinvested – in properties.”

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INTREAL Solutions, a wholly owned subsidiary of INTREAL, a third-party real estate AIFM, and Crem Solutions, one of the leading providers of solutions for digital property management, have agreed a strategic partnership. The objective of the cooperation is to provide a standardised IT platform for the professional management of properties.

INTREAL Solutions will contribute its long-standing integration expertise and experience in connecting property and asset managers as well as its existing IT infrastructure. In addition to operation, the solutions for interfacing with ERP and data warehouse systems are particularly notable here. Crem Solutions’ contribution to the partnership will be its iX-Haus and iX-Haus plus software with a best-in-class standard configuration. iX-Haus is one of the most successful software solutions for the management of residential and commercial properties in Germany.

Andreas Ertle, Managing Director of INTREAL, says: “In this cooperation, two strong partners are pooling their expertise. We can thus offer our clients and partners a fully integrated IT solution covering everything from the management of property and the administration of funds to investor reporting.”

Dr Christian Westphal, Managing Director of Crem Solutions, adds: “The partnership will benefit both the companies involved. The services of our iX-Haus software and INTREAL Solutions’ many years of integration experience complement each other perfectly. Both the IT platform from INTREAL Solutions and iX-Haus from Crem are already being used by many companies in the real estate and fund sectors – the partnership will result in additional synergies for our clients.”

INTREAL Solutions and Crem Solutions’ shared platform will have a modular design. Clients can select a scalable portfolio of solutions covering property, asset and fund management, including operation of the overall solution in their own data centre, according to their needs

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Large sums are expected to be invested in property again by institutional investors worldwide in 2018. Based on its “Investment Intentions Survey 2018”, INREV expects around €51.1 billion to be invested in property this year. The largest share of this €51 billion will go to Europe (around 41.2 percent), followed by the USA (31.7 percent). The Asia-Pacific region (17.4 percent) is in third place.

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Statistics from Deutsche Bundesbank and BVI at the end of the year show that the fund sector had a very good 2017. This holds true for both open-ended mutual property AIFs and open-ended special AIFs. BVI put net inflows in the mutual segment at €5.5 billion, once again considerably higher (around 30 percent) than in the previous year (2016: €4.2 billion).

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INTREAL International Real Estate KVG mbH (IntReal) posted further rapid growth in 2017. After growing by around a third in 2016, assets under administration (AuA) increased by around 38 percent in 2017. At the end of 2017, AuA reached approximately €18.6 billion (end of 2016: €13.5 billion). There was a similarly positive development in funds under administration and in the number of associated properties: A total of 83 property funds were administered at the end of 2016, whereas a year later there were 114. The portfolios of these funds comprised 857 properties as at the end of 2017 (previous year: 629 properties).

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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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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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IntReal International Real Estate Kapitalanlagegesellschaft mbH, Hamburg, has increased their adminstrated real estate investment volume (assets under administration, AuA) by 28 per cent to 10.1 bn Euros euros.

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IntReal International Real Estate Kapitalanlagegesellschaft mbH, Hamburg, has increased their adminstrated real estate investment volume (assets under administration, AuA) by eleven percent or 940 million euros. As of 30 June 2015 the Service KVGs´ AuA are at 8.8 bn euros (30/12/2014: 7.9 bn euros).

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