Ten top investors carried out EUR 5.5 bn of acquisitions in the European commercial real estate sectors during the third quarter, according to data analysed by PropertyEU Research.
Ten top investors carried out EUR 5.5 bn of acquisitions in the European commercial real estate sectors during the third quarter, according to data analysed by PropertyEU Research.
The top 10 is based on PropertyEU's list of reported commercial real estate transactions in Europe of EUR 20 mln and above.
Dutch pension asset manager PGGM was the biggest spender in the review period, taking a majority stake in University Partnerships Programme, the second largest provider of on-campus student accommodation in the UK. The value of the investment by PGGM's Infrastructure Fund 2010 has been estimated at around EUR 1 bn.
According to PropertyEU data, Germany's Union Investment Real Estate was the second-largest, and most prolific buyer in the third quarter. The company carried out seven investment transactions for a volume approaching EUR 900 mln.
The individual investment volume totals for the other eight top investors were below EUR 500 mln.
A consortium comprising listed Malaysian property developer SP Setia, conglomerate Sime Darby and the Employees' Pension Fund of Malaysia comes third in the top investors list. The consortium agreed to acquire Battersea Power Station in London for about EUR 497 mln.
See the November edition of PropertyEU Magazine for more information on the European real estate investment market.
