Canadian asset managers among world's 150 largest for real estate investment

Canadian asset managers among global 150 largest

Thursday, January 7, 2021

Brookfield Asset Management sits far atop the field in IPE Real Assets’ 2020 rankings of the world’s 150 largest real estate investment managers, registering nearly CAD $361 billion (€232 billion) in assets under management (AUM) as of June 30. That’s a repeat of Brookfield’s standing in 2019, but with a gain of nearly CAD $85.3 billion (€55 billion) in AUM. It also outdistances The Blackstone Group’s second place tally by CAD $130 billion (€83.5 billion) in AUM.

Value growth is a general trend across the recently released annual list from the European based institutional investment analyst and news service. Collectively, the top ten players recorded a CAD $203 billion (€130 billion) jump in AUM from the previous year. The top 100 managers of 2020 held CAD $577 billion (€370 billion more in real estate assets than the top 100 of 2019.

“The latest numbers continue the trend of recent years — a seemingly inexorable rise in AUM — fuelled by a combination of rising asset values and institutional allocations to the asset class,” the accompanying analysis states.

Five other Canadian asset managers are ranked in the top 50, while four more are placed farther down the group of 150. These include:

  • Ivanhoé Cambridge, ranked 26th with CAD $72 billion (€46.1 billion) in AUM;
  • BentallGreenOak, ranked 30th with CAD $68 billion (€43.7 billion) in AUM;
  • Manulife Investment Management, ranked 40th with CAD $58.5 billion (€37.5 billion) in AUM;
  • Oxford Properties Group, ranked 43rd with CAD $55 billion (€35.3 billion) in AUM;
  • QuadReal Property Group, ranked 44th with CAD $54.6 billion (€35 billion) in AUM:
  • Great-West LifeCo, ranked 72nd with CAD $28 billion (€18 billion) in AUM:
  • BMO Real Estate Partners (an arm of BMO Global Asset Management), ranked 113th with CAD $11 billion (€7 billion) in AUM;
  • Slate Asset Management, ranked 131st with CAD $6.2 billion (€4.16 billion) in AUM;
  • Fiera Real Estate, ranked 134th with CAD $6 billion (€3.83 billion) in AUM.

The top 150 real estate investment managers are predominantly based in the North America, with 58 per cent from the Americas. Europe is home to 29 per cent of 2020’s largest asset managers, and the remaining 13 per cent are headquartered in Asia-Pacific.

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