Real estate has become a critically important asset class for many investment managers with property assets under management worldwide reaching a record €2.7tn at the end of 2017 after almost doubling in size over the past four years.
Blackstone tightened its grip on its crown as the world’s largest real estate manager in 2017 after the value of its property assets under management surged almost 29% to €184bn.
The rapid growth for Blackstone’s property arm helped the New York-listed manager consolidate its lead over Brookfield which held the top rank as recently as 2015, according to Inrev, the European association that represents investors in non-listed real estate vehicles.
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