In Q4 2025, the INREV Vehicles Universe included 593 vehicles managed by 133 investment managers with a total gross asset value (GAV) of €482.4 billion.
Key highlights include:
- 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 26% by number of all single sector vehicles and it constitutes 31% by GAV.
- 302 funds follow a single country strategy, of which 73% 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 Q4 release of the INREV Vehicle Universe expanded with two new organisations and eleven new vehicles, including the following:
- Amundi Asset Management: Nexus 2
- Niam: Niam Nordic VIII
- Revelop Management AB:
- Revelop CV I
- Revelop IV
- Revelop V
- Revelop VI
- Round Hill Capital: European Residential Income Fund II
- Sirius Capital Partners: Sirius Fund V SCA SICAV-RAIF
View detailed analysis via the INREV Vehicles Universe Analysis Tool or download the infographic below.
INREV Vehicles Universe - Direct Vehicles Europe
Published on 17 Mar 2026
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.