Real Estate Private Equity Intern — Investment & Asset Management
Final-year internship with a view to a full-time Analyst position
Paris | 6 months | Start: January or July 2027
This internship is intended to lead to a full-time Analyst position within Othrys’ Investment & Asset Management team, subject to performance and business needs.
Applicants must be completing their studies and available for full-time employment following the internship. Gap-year applications will not be considered.
About Othrys
Othrys is an independent real estate investment and asset management firm focused on logistics, light industrial and retail.
Founded in 2013, we manage €1.4bn of assets across 120+ properties and approximately 900,000 sq m , partnering with institutional investors through targeted investment strategies and hands-on asset management. Through our AMF-licensed management company, we also manage real estate funds for private investors.
With approximately €100m of capital available for deployment in the near term , we invest across core+ and value-add strategies, combining income-producing acquisitions with repositioning, restructuring and buy-to-sell transactions.
Based in Paris, with a presence in Spain, our team of approximately 20 professionals covers Investment, Asset Management, Property Management and Fund Management.
The opportunity
You will work alongside our Investment & Asset Management team, contributing to both new acquisitions and the execution of business plans across the existing portfolio.
This is an opportunity to develop an investor’s perspective across the full property lifecycle: underwriting an acquisition, implementing value creation initiatives and preparing an exit . You will work closely with experienced investment professionals in a lean, entrepreneurial environment, with increasing responsibility as you progress.
What you will do
Investment
- Screen investment opportunities and assess their financial and strategic merits.
- Build financial models, including cash flow projections, return calculations and sensitivity analyses.
- Conduct market research and analyse leasing and transaction comparables.
- Prepare investment memoranda and materials supporting investment decisions.
- Support due diligence, transaction execution and closings.
Asset Management
- Update asset business plans and analyse performance against underwriting assumptions.
- Help execute value creation strategies, including leasing, capex programmes, repositioning and restructuring.
- Assess operational decisions and their impact on cash flows and asset value.
- Prepare hold/sell analyses and support disposals, including dataroom preparation and vendor due diligence.
- Contribute to investor reporting and the integration of ESG initiatives into asset strategies.
You will collaborate with our Fund Management and Property Management teams, gaining insight into how investment decisions translate into operational performance.
Who we are looking for
Education and availability
Final-year student at a leading business or engineering school , completing a Master’s-level degree.
Seeking a six-month, school-sponsored final-year internship and available to join in a full-time role afterwards , with no further period of study planned.
Available to start in January or July 2027 .
Experience and technical skills
- Previous internship experience in real estate investment, investment banking, M&A, transaction services, private equity or a related analytical finance role.
- Strong analytical skills and a sound understanding of financial modelling.
- Advanced Excel skills and the ability to produce clear, concise PowerPoint presentations and written analyses.
- Fluent French and English, both written and spoken. Spanish or another European language is a plus.
Personal qualities
- A genuine interest in real estate investment and the operational drivers of value creation.
- Rigour, intellectual curiosity and the confidence to form and explain a view.
- Strong ownership of your work, attention to detail and the ability to manage competing priorities.
- A collaborative approach and enthusiasm for working in a small, entrepreneurial team.
Practical details
- Location: 34 rue Tronchet, Paris, France.
- Duration: Six months.
- Start date: January or July 2027.
- Internship agreement: Required.
- Travel: Occasional.
- Compensation: Competitive, depending on profile.
- Career perspective: Potential conversion to a full-time Investment & Asset Management Analyst position, subject to performance and business needs.
How to apply
Please submit your CV and a short note outlining your interest in Othrys and real estate investment.
Please clearly specify:
- Your school, exact degree programme and expected graduation date.
- Your preferred start date: January or July 2027.
- Your availability for a full-time position following the internship.
- Your relevant previous internship experience.
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