National Pension Service claimed the coveted title at the IPE Real Estate Global Conference & Awards 2025 in Copenhagen, securing the Global Real Estate Investor of the Year award.

The South Korean pension fund also picked up the Portfolio Construction and Asia-Pacific region awards along with awards in Investment in Asia-Pacific, and Value-add and Opportunistic Strategies categories.

Dutch pension fund asset manager APG also picked up the award in the Sustainable Investor of the Year and Innovation categories, in addition to winning an award for Netherlands in the Regional category.

Oxford Properties doubled down on its success at the awards, winning in the North America Regional category. The investor was also recognised in the Environmental Sustainability and Investment in North America categories.

Church Commissioners for England achieved recognition at the awards in two categories. The institution won the Large Real Estate Investor of the Year trophy along with an award in the Social Impact category.

The Outstanding Industry Contribution trophy was jointly presented to Paul Clark, the former head of European Real Assets at AustralianSuper, and Lonneke Löwik, former CEO of European real estate investor association INREV.

AG2R La Mondiale was recognised for its Commitment to Diversity, and also won in the Belgium & France Regional category and the Alternatives Strategy category.

PenSam won the Medium Real Estate Investor of the Year award and was also recognised in the Biodiversity category. Cassa Nazionale del Notariato and KBC Pensioenfonds shared the Small Real Estate Investor of the Year award.

StepStone Real Estate was named Investment Consultancy of the Year, and Pedro Duarte received the Young Investor Professional of the Year award.

Other notable Silver Regional winners included: German pension fund SOKA-BAU for Austria, Germany & Switzerland; PensionDanmark for Nordic Countries; Fidelidade Property for Southern Europe, and Border to Coast Pensions Partnership for UK & Ireland.

Additional Silver Themed winners included: Velliv, Pension & Livsforsikring for Core and Core-plus Strategies and Investment in Nordic Region; Greater Manchester Pension Fund for Debt Strategy; DNB Real Estate Investment Management for Direct Strategy and Investment in Nordic Region; UMR for Indirect Strategy; Canada Pension Plan Investment Board for Investment in Asia-Pacific and Investment in Europe; and Dutch pension fund asset manager MN Services for Listed Strategy.

This year’s IPE Real Estate Global Awards attracted over 170 entries from 15 countries around the world. The total market value of the institutional investors taking part was more than €2.8trn, while collectively their real estate assets exceeded €307bn.

IPE Real Estate Global Awards 2025 winners table
CategoryAward LevelWinner

Global Real Estate Investor of the Year

PLATINUM

National Pension Service

Outstanding Industry Contribution

PLATINUM

Paul Clark

Outstanding Industry Contribution

PLATINUM

Lonneke Löwik

Sustainable Investor of the Year

PLATINUM

APG

Innovation

PLATINUM

APG

Commitment to Diversity

PLATINUM

AG2R La Mondiale

Large Real Estate Investor of the Year

GOLD

Church Commissioners for England

Medium Real Estate Investor of the Year

GOLD

PenSam

Small Real Estate Investor of the Year

GOLD

Cassa Nazionale del Notariato

Small Real Estate Investor of the Year

GOLD

KBC Pensioenfonds

Investment Consultancy of the Year

GOLD

StepStone Real Estate

Portfolio Construction

GOLD

National Pension Service

Young Investor Professional of the Year

GOLD

Pedro Duarte

Asia Pacific (Regional)

SILVER

National Pension Service

Austria, Germany & Switzerland (Regional)

SILVER

SOKA-BAU - Zusatzversorgungskasse des Baugewerbes AG

Belgium & France (Regional)

SILVER

AG2R La Mondiale

Netherlands (Regional)

SILVER

APG

Nordic Countries (Regional)

SILVER

PensionDanmark

North America (Regional)

SILVER

Oxford Properties Group

Southern Europe (Regional)

SILVER

Fidelidade Property

UK & Ireland (Regional)

SILVER

Border to Coast Pensions Partnership Ltd

Alternatives Strategy

SILVER

AG2R La Mondiale

Biodiversity

SILVER

PensionDanmark

Core and Core-plus Strategies

SILVER

Velliv, Pension & Livsforsikring

Debt Strategy

SILVER

Greater Manchester Pension Fund

Direct Strategy

SILVER

DNB Real Estate Investment Management

Direct Strategy

SILVER

SOKA-BAU - Zusatzversorgungskasse des Baugewerbes AG

Environmental Sustainability

SILVER

Oxford Properties Group

Indirect Strategy

SILVER

UMR

Investment in Asia Pacific

SILVER

CPP Investments

Investment in Europe

SILVER

CPP Investments

Investment in Nordic Region

SILVER

DNB Real Estate Investment Management

Investment in Nordic Region

SILVER

Velliv, Pension & Livsforsikring

Investment in North America

SILVER

Oxford Properties Group

Listed Strategy

SILVER

MN Services

Social Impact

SILVER

Church Commissioners for England

Value-add and Opportunistic Strategies

SILVER

National Pension Service

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