US investors may have dominated our league of top buyers of real estate last year, but European players were prominent in the league of vendors.
US investors may have dominated our league of top buyers of real estate last year, but European players were prominent in the league of vendors.
In total, seven European players featured in our Top Investors ranking of vendors last year with French retail REIT dominating the delegation with disposals of €2.5 bn over the year. Europe's largest listed real estate company Unibail-Rodamco was also a major vendor last year with €2.1 bn in disposals as it continued to streamline its organisation to focus on large dominant shopping centres.
Other notable sellers in 2014 included SEB Asset Management which disposed of 11 European offices in London, Paris, Hamburg, Milan, Brussels, Rotterdam, Amsterdam and Gothenburg to another relatively new name US-based North Star Asset Management. German open-ended fund manager SEB also sold a diverse pan-European logistics portfolio to Blackstone while London-based Tristan Capital Partners spun off two major logistics portfolios it had acquired during the global financial crisis in big-ticket sales to P3 and Segro.
CBRE Global Investors Europe was the biggest vendor overall with €4.2 bn.
Check out the Top Investors app which contains the ranking and background information on the leading dealmakers in 2014. The app is available free of charge during MIPIM 2015. Afterwards it will be for subscribers only.
