Global 100 real estate players: Who tops the table?

Now in its fourth year, EG’s Global 100 ranking seeks to showcase the biggest players in real estate across the world. Securing the number one spot on EG’s Global 100 may be beyond possibility – Canada’s Brookfield Asset Management has held that position since the launch of the ranking in 2014. But, North America’s dominance is waning. The US and Canada have dominated the top of the ranking over the past three years, traditionally holding four of the top five positions. But this year things are changing and China is making its presence felt. This year two Chinese firms made the top five, pushing both Hines and CBRE Global Investors out. Evergrande Real Estate, a residential developer based in the Guangdong province, soared up the rankings from ninth in 2016 to second this year with a $116bn (£92.8bn) portfolio. Acquiring a stake in its Chinese rival China Vanke certainly boosted business for Evergrande last year. If the pair ever decided to merge, with a combined portfolio of more than $200bn they could convincingly knock Brookfield off the top of the ranking. Combined, EG’s top 100 hold assets that total more than $3.9tn – that is just about equal to the GDP of Germany. Only Japan, India, the US and China have bigger GDPs. US firms continue to dominate in terms of value of assets held, some $1.4tn, and in number of spaces (33) – but the Chinese are chasing and chasing hard. The 18 Chinese firms that make the top 100 hold a combined portfolio of $785.3bn. EG’s TOP 100 GLOBAL RANKINGS: RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 1 Brookfield Asset Management Canada Barry Blattman 143 2 Evergrande Real Estate China Xia Haijun 116 3 Blackstone US Jonathan Gray 102 4 TH Real Estate US Mike Sales 96.2 5 China Vanke China Wang Shi 94.1 6 Hines US Hasty Johnson 93.2 7 Greenland Holdings Group China Jian Huang 90.5 8 CBRE Global Investors US Ritson Ferguson 87.9 9 Dalian Wanda Commercial Propertiers China Wang Jianlin 85.6 10 Tishman Speyer US Jerry & Rob Speyer 81 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT 11 Sun Hung Kai Properties Hong Kong Thomas & Raymond Kwok 12 UBS Global Asset Management Switzerland Thomas Wels 13 AXA Real Estate France Isabelle Scemama 14 Principal Real Estate Investors US Randy Mundt 15 Invesco Real Estate US David Ridley 16 PGIM Real Estate US Eric Adler 17 Wheelock & Co Hong Kong Peter Woo 18 JP Morgan Asset Management US Anton Pil 19 Poly Real Estate China Wang Jian 20 LaSalle Investment Management US Jeff Jacobson RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 21 Abu Dhabi Investment Authority UAE William Schwab 59.4 22 Country Garden Holdings China Yang Huiyan 55.7 23 AEW Global US Jeff Furber 53.8 24 Deutsche Asset & Wealth Management Germany Pierre Cherki 53.6 25 New World Development Hong Kong Henry Cheng Kar-Shun 52.9 26 Starwood Capital US Barry Sternlicht 52 27 Cornerstone Real Estate Advisers US Scott Brown 50.6 28 China Resources Land Hong Kong Wu Xiangdong 50.2 29 Aviva Investors UK Ed Casal 49.8 30 Cheung Kong Property Holdings Hong Kong LI Ka-Shing 48 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 31 Clarion Partners US Stephen Furnary 44 32 Mitsui Fudosan Japan Hidehisa Take 43.6 33 Henderson Land Hong Kong La Ka Kit 43.4 34 Mitsubishi Estates Japan Hirotake Sugiyama 42.1 35 Unibail-Rodamco France Christophe Cuvillier 41.4 36 Credit Suisse Real Estate Investment Management Switzerland Beat Schwab 40.4 37 Sumitomo Realty Japan Kojun Nishima 38 38 Shimao Property Holdings China Hui Wing Mau 37.6 39 Qatar Investment Authority Qatar Navid Chamdia 37.4 40 Heitman US Maury Tognarelli 36.1 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 41 CapitaLand Singapore Lim Ming Yan 34.5 42 M&G Real Estate UK Alex Jeffery 32.9 43 Union Investment Germany Reinhard Kutscher 32.3 44 Morgan Stanley Real Estate US John Klopp 32 45 China Investment Corporation China Xiaoqing Bai 31.5 46 ProLogis US Hamid Moghadam 31.4 47 Simon Property Group US David Simon 30.7 48 Temasek Singapore Alpin Mehta 30 49 Deka Germany Ulrich Bäcker 30 50 Westfield Group Australia Frank Lowry 29.3 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 51 Welltower (formerly Health Care REIT) US Tom DeRosa 29 52 Guangzhou R&F China Zhang Li 28.3 53 Longfor Properties China Wu Yajun 28.3 54 Norges Bank Investment Management Norway Karsten Kallevig 27.8 55 American Tower US James Taiclet 26.9 56 Legal & General Property UK Bill Hughes 26.8 57 Aberdeen Asset Manangement UK Martin Gilbert 26 58 Hang Lung Group Hong Kong Phillip Nan Lok Chen 25.3 59 GIC Singapore Kok Huat Goh 24.5 60 General Growth Properties US Sandeep Mathrani 24.1 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 61 Equity Residential US Davide Neithercut 23.2 62 Land Securities UK Rob Noel 23.2 63 Sino-Ocean Land Holdings China Luo Dongjiang 22.8 64 Global Logistic Properties Singapore Jeffery Schwartz 22.5 65 Ventas US Debra Cafaro 22.3 66 Angelo, Gordon & Co US John Angelo 22 67 Emaar Properties UAE Fred Durie 21.7 68 HCP US Lauralee Martin 21.5 69 Gemdale China Huang Juncan 21.2 70 Greentown China Holdings China Shou Bainian 21.1 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 71 BlackRock US Laurence Fink 21 72 Vornado Realty US Michael Franco 20.8 73 British Land UK Chris Grigg 20.7 74 Fonciere des Regions France Jean Laurent 20.4 75 Link REIT Hong Kong George Kwok Lung 20.3 76 AMP Capital Australia Chris Judd 19.9 77 SL Green Realty US Marc Holliday 19.6 78 Kuwait Investment Authority Kuwait Ahmad Al-Bader 19.5 79 Standard Life Investments UK David Paine 19.4 80 Patrizia Immobilien Germany Wolfgang Egger 19.2 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 81 Bentall Kennedy Canada Gary Whitelaw 18.8 82 Sino Land Hong Kong Daryl Ng 18.7 83 Beijing Capital Development China Wen Yang 18.7 84 Boston Properties US Mort Zuckerman 18.4 85 Shanghai Industrial Holdings China Zhou Jie 18.4 86 Savills Investment Management UK Justin O’Connor 18.2 87 Agile Property Holdings China Chen Cheuk Yin 18.1 88 Colony Capital US Thomas Barrack 18.1 89 Hopson Development Holdings Hong Kong Kut YungChu 18 90 Vereit US Glenn Rufrano 17.4 RANKING COMPANY COUNTRY KEY REAL ESTATE CONTACT TOTAL ASSETS ($bn) 91 Shui On Land China Vincent Lo 17.1 92 USAA Real Estate Company US Len O’Donnell 17 93 Avalonbay Communities US Timothy Naughton 16.9 94 Dexus Property Group Australia Darren Steinberg 16.9 95 Grosvenor Group UK Mark Preston 16.8 96 Inter IKEA Netherlands Cees Gehrels 16.8 97 Tokyu Fudosan Japan Yuji Okuma 16.7 98 Financial Street Holdings China Jing Gao 16.5 99 Yuexiu Property Company Hong Kong Zhang Zhaoxing 16.1 100 Schroder Property Investment Management UK Duncan Owen 15.4 RELATED ARTICLES    2017: $100bn-plus sovereign wealth funds find property has real appeal Nearly two-thirds of all sovereign wealth funds invest in real estate as the search for return drives capital flow away from traditional asset classes, according to Preqin’s 2017 Sovereign Wealth Funds Review 2016: Top 100 global investors Only the US, China, Japan and Germany have GDPs larger than the total assets held by Estates Gazette’s global top 100 real estate owners 2015: Global Investor Guide: the global 100 EG reveals the 100 heavyweights in the world of global property investment 2014: EG’s Global Rankings: The $2,900bn club The world’s top 100 real estate investors own close to $2,900bn (£1,700bn) of assets, the first ranking of global property firms can reveal • To send feedback, e-mail Samantha.McClary@estatesgazette.com or tweet @Samanthamcclary or @estatesgazette