Blackstone has held onto its reputation as the silverback gorilla in the European real estate jungle by maintaining its number 1 position in PropertyEU's Top 100 Investors ranking by European transaction volume.
Blackstone has held onto its reputation as the silverback gorilla in the European real estate jungle by maintaining its number 1 position in PropertyEU's Top 100 Investors ranking by European transaction volume.
The alternative asset management giant tops our annual ranking of the leading dealmakers in Europe for 2015 following over €8.4 bn of acquisitions and €7.3 bn of disposals.Its overall transaction volume comes to €15.7 bn.
CBRE Global Investors takes second place with an overall transaction volume of 10.4 bn, with Qatar Investment Authority (QIA) third in the ranking on €8.8 bn. Augsburg-based Patrizia Immobilien is the first European company in the ranking. It comes un at number 4, just behind QIA with a volume of €8.7 bn.
European listed heavyweights Klépierre and Vonovia also made it into the top 10 this year after a corporate acquisition in their respective specialisations. Paris-listed shopping mall owner Klépierre came in at number 5 after consolidating its smaller Dutch peer Corio in the course of 2015 while Vonovia, formerly Deutsche Annington, ranks in 7th place due to its takeover of German residential rival Gagfah.
Other European investors that feature prominently in the ranking include the real estate arm of German insurer Allianz. Although it fell down a slot compared to last year's edition, to 9th place, it invested significantly more in 2016 and boosted its overall volume by almost 50% year-on-year to €6 bn. That pattern was evident among many of the names that made it into the top 100.
Blackstone was by no means the only US heavyweight in our Top 100 Investors for 2015. The top 20 counted no fewer than six players from this part of the world and the top 100 included 27 in total. Including the Canadians, the North American contingent accounted for no less than 32% of the top 100.
Two Canadian heavyweights in the top 20 include Brookfield Asset Management and Hudson Bay Company at number 19 and 20 respectively. Canada Pension Plan Investment Board came in at number 30 after teaming up with new and familiar European real estate players in a new suite of joint ventures.
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