The much-awaited time of the year has arrived and we are now ready to reveal private real estate’s highly distinguished list of winners for our annual PERE Awards.
With 65 voting categories, these are our most comprehensive awards to date. The addition of 19 new categories help the awards to reflect a broad spectrum of private real estate investment activity across various regions and sectors.
The winners have been determined through a rigorous selection process. PERE first identified a shortlist of finalists for each category through a combination of submissions and our own extensive outreach to people in the industry. This was followed by an independent round of voting by PERE’s readers.
This year’s awards saw big sweeps from not one, but several marquee names. Global logistics giant GLP has won in an impressive nine categories, claiming the largest number of trophies for a single firm. Its record-breaking $18.7 billion sale of the US logistics portfolio to Blackstone steered several of GLP’s North America and global wins, including the deal of the year for both. GLP’s co-founder Ming Mei and chief investment officer Alan Yang have won the coveted industry figure of the year for the global and North America categories, respectively. In fact, this is Mei’s second consecutive win as a global industry figure, a testament to his role in GLP’s formidable success.
Unsurprisingly, serial PERE awards winner Blackstone also fared well, taking home seven awards. In addition to being recognized alongside GLP for the global deal of the year, the New York firm has clinched the honors for global logistics investor and the hotel and leisure investor of the year, as well as several European and North American categories.
Canadian firm Brookfield has racked up the trophies too, bagging eight wins across Asia, Europe and North America. In addition to being recognized for closing its massive $15 billion global real estate fund, the firm prevailed in the alternatives investor category globally, in Europe and in Asia-Pacific for its ambitious, market leading investment initiatives in student housing.
On the investor side, Allianz Real Estate triumphed in both the North America and Asia-Pacific institutional investor of the year categories. The German insurer deployed an enviable $3 billion in equity and financing capital throughout the US alone last year and made major outlays in the multifamily and office sectors in Asia.
Meanwhile, we are pleased to unveil this year’s recipient of the PERE lifetime achievement award as Isabelle Scemama, chief executive of AXA Investment Managers – Real Assets. This is the only award decided internally rather than by our readers, and previous honorees have included Barry Sternlicht, Patrick Kanters and Karsten Kallevig.
AXA IM – Real Assets’ parent, French insurer AXA Group, was ranked as the world’s sixth-largest real estate institutional investor in the 2019 PERE Global Investor 50, with $38.5 billion allocated to the asset class as of March 31, 2019. Scemama, however, has stood out for her key role in building AXA’s third-party management business to the significant scale it has reached today.
We have given you just a taster of this year’s leading lights. Read on to find out which other firms and figures shined brightly in 2019.