World’s top 100 real estate firms own USD3.6 trillion of property

The world’s top 100 real estate companies own USD3.6 trillion (GBP2.5 trillion) of property, according to the latest Estates Gazette (EG) ranking.

The lis shows that only the US, China, Japan and Germany have larger GDPs than the collective value of EG’s Top 100 global property owners.

The total value this year increased by more than USD400 billion.

Canada-based Brookfield Asset Management tops the rankings for the third year in a row with almost USD130 billion of assets. US giant Blackstone takes second place with USD94 billion and TIAA-CREF third with assets under management of USD89m.

US firms were the largest contingent in the top 100 with a combined asset value of USD1.3 trillion. China held the next biggest slice of the ranking with a total value of USD621.5 billion.

Together North American and Asian real estate firms hold USD2.8 trillion of assets, representing 88% of our total 100.

The UK appears in the list 10 times with a total combined asset value of USD219.9 billion.

To make it on to the list this year, firms had to own property valued at more than USD12.4 billion.

Samantha McClary, head of content at Estates Gazette, says: “Our Global 100 list, which is based on real assets rather than property securities and debt, shows how big a business the international real estate market is.

“The list, now in its third year, continues to grow with new firms appearing every year. The appearance of more property owners from new locations shows just how global a playground the real estate industry is. Four Japan-based businesses made it on to the 2016 list, a 100% increase on last year. Together they own almost USD140 billion of property. Figures like this show just how important and in demand information and advice on the global real estate market is.”

Emily Wright, global editor, says “As cross-border and domestic investment in real estate around the world reaches dizzying heights, knowing exactly when, where and how to splash the cash has never been more important. Global Real Estate Insight is here to help.

“From exclusive global rankings to essential data, high profile interviews and region by region guides to the global real estate market, Estates Gazette’s new global website is the place to go for in depth research, data, news and analysis from around the world.”