Largest Commercial Real Estate Owners In The World
Commercial real estate is a highly lucrative industry, and the competition is fierce. The largest commercial real estate owners in the world are constantly expanding and acquiring new properties to add to their portfolios. Here, we take a look at some of the biggest players in the industry.
Blackstone Group
Blackstone Group is one of the largest commercial real estate owners in the world, with a portfolio valued at over $325 billion. The company has a presence in every major market in the world and specializes in a variety of property types, including office, retail, industrial, and residential real estate. Blackstone Group has made some major acquisitions in recent years, including the purchase of the Willis Tower in Chicago and the Waldorf Astoria hotel in New York City.
Brookfield Asset Management
Brookfield Asset Management is another major player in the commercial real estate industry, with a portfolio valued at over $250 billion. The company has investments in a wide range of real estate sectors, including office, retail, hospitality, and residential properties. Brookfield has a strong presence in North America, Europe, and Asia, and has made some major acquisitions in recent years, including the purchase of Forest City Realty Trust and GGP.
CBRE Group
CBRE Group is the world's largest commercial real estate services and investment firm, with a portfolio valued at over $100 billion. The company has a strong presence in every major market in the world and specializes in a variety of property types, including office, retail, industrial, and residential real estate. CBRE Group has made some major acquisitions in recent years, including the purchase of Telford Homes and Heery International.
PGIM Real Estate
PGIM Real Estate, formerly known as Prudential Real Estate Investors, is one of the largest commercial real estate owners in the world, with a portfolio valued at over $100 billion. The company has a presence in North America, Europe, and Asia, and specializes in a variety of property types, including office, retail, industrial, and residential real estate. PGIM Real Estate has made some major acquisitions in recent years, including the purchase of the Grand Wailea Resort in Maui and the Chelsea Market in New York City.
Simon Property Group
Simon Property Group is the largest retail real estate investment trust in the world, with a portfolio valued at over $90 billion. The company specializes in shopping malls and has a strong presence in North America, Europe, and Asia. Simon Property Group has made some major acquisitions in recent years, including the purchase of Taubman Centers and the Westfield Corporation.
Conclusion
These are just a few of the largest commercial real estate owners in the world. As the industry continues to grow and evolve, these companies will no doubt continue to expand and acquire new properties to add to their portfolios.