Global Investor 50
PERE’s ranking of the biggest capital allocators to private real estate in 2019 revealed
Stability again defines this year’s ranking, with the institutions featuring in the 50-strong list having changed little from 2018, particularly among the leading 20 investors.
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) retains its stranglehold of the number one position. But there are signs of a challenged mounting. The investor’s total commitment to real estate this year is $62 billion – exactly the same as in 2018. But APG Asset Management and Allianz Real Estate, which occupy second and third place in the GI 50 ranking, have closed the gap to the Middle Eastern investor behemoth: both have increased their allocations since 2018, from $43 billion to $51 billion and $48 billion to $50 billion, respectively. It will interesting to see if they can edge closer to ADIA in the year ahead. The race for top spot in 2020 is on.
For the full ranking, click here.