Biggest Real Estate Development Companies In The World
Real estate development is a lucrative business that involves buying land, developing it, and selling it for a profit. The industry is highly competitive, and only a few companies have managed to establish themselves as the biggest players in the world. These companies have a massive portfolio of properties, ranging from residential to commercial, and have a presence in multiple countries.
1. Brookfield Asset Management
Brookfield Asset Management is a Canadian company that has a massive real estate portfolio. The company has over 500 million square feet of commercial space and 44,000 residential units. Brookfield Asset Management operates in North America, Europe, and Asia, and has a market capitalization of over $60 billion.
2. CBRE Group
CBRE Group is an American company that provides a range of real estate services, including property management, leasing, and investment management. The company has operations in 100 countries and manages over 6 billion square feet of commercial space. CBRE Group has a market capitalization of over $23 billion.
3. Prologis
Prologis is an American company that focuses on logistics real estate. The company has over 900 million square feet of industrial space and operates in 19 countries. Prologis has a market capitalization of over $80 billion.
4. Simon Property Group
Simon Property Group is an American company that specializes in shopping malls and retail properties. The company has a portfolio of over 200 properties and has a presence in North America, Europe, and Asia. Simon Property Group has a market capitalization of over $40 billion.
5. Mitsubishi Estate
Mitsubishi Estate is a Japanese company that has a diverse real estate portfolio, including office buildings, residential properties, and hotels. The company has a market capitalization of over $25 billion and has operations in Japan, the United States, and the United Kingdom.
6. China Vanke
China Vanke is a Chinese company that is one of the largest residential developers in the world. The company has a presence in over 60 cities in China and has operations in the United States, the United Kingdom, and Singapore. China Vanke has a market capitalization of over $30 billion.
7. Mitsui Fudosan
Mitsui Fudosan is a Japanese company that has a real estate portfolio that includes office buildings, residential properties, and hotels. The company has a market capitalization of over $20 billion and has operations in Japan, the United States, and the United Kingdom.
8. Hines
Hines is an American company that specializes in commercial real estate, including office buildings, retail properties, and industrial spaces. The company has operations in 25 countries and has a market capitalization of over $3 billion.
9. GGP
GGP is an American company that specializes in shopping malls and retail properties. The company has a portfolio of over 120 properties and has a market capitalization of over $20 billion.
10. Lendlease
Lendlease is an Australian company that has a real estate portfolio that includes residential properties, commercial spaces, and infrastructure projects. The company has operations in over 70 countries and has a market capitalization of over $8 billion.
In conclusion, these are the biggest real estate development companies in the world. They have a massive portfolio of properties and have a presence in multiple countries. These companies have established themselves as the leaders in the real estate industry and continue to grow and expand their operations.