The 10 biggest investors in UK-listed real estate own a combined $21.9bn (£16.6bn) of shares in the FTSE 350 property market – a whopping 30% of those companies’ market cap.
BlackRock, the world’s biggest asset manager, accounts for $6.4bn (£4.8bn) of that with holdings in all but two companies in the index.
Property mogul John Whittaker’s Peel Group is the market’s seventh biggest investor despite owning significant shares in just two companies: intu and Hammerson.
Whittaker’s 27.2% stake in intu makes him the company’s biggest shareholder and gives him the biggest single stake, by value, in any FTSE 350 property company.
Most investors are from the UK, but $13.4bn (£10.1bn) originates from the US and $3.6bn (£2.7bn) from the Netherlands.
This article was originally published on 2nd August 2017
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