
INREV Vehicles Universe
This database of European non-listed real estate vehicles includes information on whether a vehicle is open for investment and provides key vehicle characteristics such as strategy, size, style, structure and domicile. It does not contain performance information.
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In Q1 2025, the INREV Vehicles Universe included 585 vehicles with a total gross asset value (GAV) of €483.5 billion.
- The traditional property sectors, industrial/logistics, office, residential and retail, account for 86% of the single sector vehicles in the Universe by GAV.
- Seven vehicles were launched in 2023, seven vehicles in 2024 and two have been added in 2025.
- 300 funds follow a single country strategy, of which 75% focus on the four main geographies. The Germany-focused funds have the largest representation in the Universe amongst single-country focused funds, at 35%.
- Residential represents 25% by number of all single sector vehicles, and it constitutes 30% by GAV.

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INREV Vehicles Universe - Direct Vehicles Europe
Published on 10 Jun 2025
INREV releases a quarterly overview of the key characteristics of all non-listed real estate vehicles in Europe. The data is taken from INREV's vehicles database.