The world’s top 100 real estate investors own more than $3.2tn (£2.1tn) of assets, according to Estates Gazette’s second annual ranking of global property firms.
The list, revealed in EG’s Global Investor Guide, focuses on real estate asset-owning firms rather than debt or securities investors.
China’s dominance in real estate in 2014 was reflected in the rankings, with firms from across China and Hong Kong showing some of the biggest moves up the league.
The country’s biggest residential developer, China Vanke, burst into the top five with an increase in asset value from $60.3bn to $79.2bn.
Hong Kong-based Sun Hung Kai Properties, Wheelock & Co and China Resources Land, along with China-based Dalian Wanda and Poly Real Estate all also jumped up the league table, adding an average of $19bn each to their portfolios in 2014.
In total, Asian investors made up a third of the list by volume with some $999bn of assets. But it was the US players that continued to dominate, holding the top three positions for a second year in a row.
Brookfield Asset Management remained safely at number one with $112bn of assets, followed by CBRE Global Investors with $90.6bn and Blackstone with $80bn.