Significant Growth for INTREAL during Third Quarter of 2025 – Assets unter Administration Climbing to 72.7 Billion Euros
05. Dec 2025
IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”), Germany’s leading third-party AIFM in the real assets sector, recorded significant growth in its assets under administration (AuA) during the third quarter of 2025, particularly in its third-party AIFM services division. With a volume of 72.7 billion euros as of 30 September 2025, INTREAL’s AuA exceeded the 70 billion euros mark for the first time. Since the end of the 2024 financial year, the company’s AuA has increased by 9.2 percent and by 5.8 percent since mid-year.
The strong growth in AuA corresponds with significant increases in the number of funds and properties under management. At the end of the third quarter, INTREAL managed a total of 341 funds. Compared to the previous quarter, this represents an increase of eleven new funds, while the number has risen by 20 since the end of the previous financial year. The number of properties managed by INTREAL totalled 2,888 at the end of Q3, which was 81 properties more than at the end of the first half of 2025. Compared to the end of the 2025 financial year, a total of 154 new properties were added.
In line with the growth in assets under administration, INTREAL continues to strengthen its human resources, filling a total of ten new positions. This brought the number of employees across INTREAL’s three offices in Hamburg, Frankfurt and Luxembourg to 555.
Positive Performance Expected for the Full 2025 Financial Year
Camille Dufieux, Managing Director at INTREAL, commented: “Continuing the positive trend of the first half of 2025, our growth momentum increased noticeably during the third quarter. The fact that the focus was on AIFM services reflects our assessment of the market, which has not fundamentally changed in recent months. Investors have once again started looking into new product ideas, which is resulting in a gradual increase in the number of new investment funds. In addition, many investors are taking a closer look at their existing portfolios and are consciously deciding to use AIFM services or switch to INTREAL.”
With 161 funds under administration and assets of approximately 36.6 billion euros, the Partner Funds division accounts for a share of over 50 percent of INTREAL’s total AuA. While AuA in this segment remained virtually unchanged during the third quarter, a growth of 384 million euros was recorded in the first nine months of 2025. Another fund partner was acquired in the third quarter.
In the Partner Funds division, the third party AIFM provides all services related to the launch and administration of alternative investment funds (AIFs) for asset managers and project developers without their own KVG license.
AIFM Services Business Unit Recorded Dynamic Growth
As in the previous quarter, AuA growth in the months from July to September was concentrated in the AIFM services segment, with AuA increasing by approximately 4 billion euros to 36.1 billion euros, accounting for just under 50 percent of INTREAL’s total AuA. In this segment, INTREAL provides various services for other licensed AIF management companies, including complex administrative tasks such as reporting, controlling (management accounting), fund accounting and equity investment and risk management.
Malte Priester, Managing Director at INTREAL, said: “We are pleased with the strong performance of the AIFM services segment as it shows that our continuous investments in digitisation and automation are paying off. They enable us to achieve a high level of efficiency and flexibility which is very much in line with the needs of AIFMs in the current market environment.”
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