Swiss Life Asset Managers, part of the Swiss Life insurance group, heads PropertyEU’s latest annual ranking of the Top Investors in Europe, based on assets under management.
Swiss Life Asset Managers, part of the Swiss Life insurance group, heads PropertyEU’s latest annual ranking of the Top Investors in Europe, based on assets under management.
Swiss Life booked a gain of 134% in the year to end-2014 and another gain of 11% in the six months to end-June 2015 following its takeover of Corpus Sireo and the consolidation of its Swiss subsidiary Livit.
With AUM of €59 bn in H1 2015, Swiss Life takes the top slot for the first time, ousting the previous number 1, AXA Real Estate, which took second place in this year’s ranking with AUM of €57.6 bn.
All the players in the Top 100 Investors with an insurance group as their main capital base added to their real estate assets under management in 2014 and the majority booked double-digit growth.
Some of the biggest winners this year in percentage terms are the listed European property companies like French REIT Klépierre which took over its smaller Dutch peer Corio in 2014 and Vonovia, formerly Deutsche Annington, following the takeover of its sector peer Gagfah.
Helsinki-listed shopping centre investor Citycon has also shot up the ranking with a pro forma gain of almost 50% following its takeover of Oslo-based, non-listed peer Sektor Gruppen.
For the first time, the ranking is based on half-yearly AUM figures – as at 30 June 2015 – for the leading companies in Europe. Previously, the ranking was compiled on the basis of AUM figures over a 12-month period.
