In Q3 2025, the INREV Vehicles Universe included 585 vehicles managed by 131 investment managers with a total gross asset value (GAV) of €480.1 billion.
- The traditional property sectors, industrial/logistics, office, residential and retail, account for 86% of the single sector vehicles in the Universe by GAV.
- Residential represents 25% by number of all single sector vehicles, and it constitutes 31% by GAV.
- 298 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%.
The Q3 release of the INREV Vehicle Universe expanded with eight additional vehicles, including the following:
- Amundi Asset Management:
- Nexus 3
- Nexus 4
- BEOS AG & Swiss Life Asset Managers Deutschland: BEOS Corporate Real Estate Fund Germany V
View detailed analysis via the INREV Vehicles Universe Analysis Tool or download the infographic below.
INREV Vehicles Universe - Direct Vehicles Europe
Published on 09 Dec 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.