INTREAL Gains FONDSGRUND as Latest Fund Partner

26. Apr 2024

INTREAL, Germany’s leading third-party AIFM in the real estate sector, just added FONDSGRUND, a Hamburg-based investment and asset manager, to its long list of fund partners. FONDSGRUND is an independent and management-owned company that specialises in both commercial and residential real estate in Germany while pursuing an counter-cyclical investment strategy. The two entities recently completed their first joint club deal, which involved institutional investors. The asset acquired was the “No.1” office and hotel property in Mannheim.

Matthias Bulir, Managing Partner of FONDSGRUND, commented: “The relationship between a third-party AIFM and an asset manager must be based on trust. This is the case with INTREAL, as we have faith in the company and its high level of expertise in the real estate sector.”

Michael Schneider, Managing Director at INTREAL, said: “Even during difficult times, people will buy real estate and launch new funds. This enabled INTREAL to keep growing in 2023, albeit at a slower pace than in previous years. Bearing that in mind, I’m particularly pleased that new fund partners with customer-oriented and market-consistent fund solutions manage to successfully position themselves.”

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