Top ranking 5th year in a row
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ING Real Estate is pleased to announce that for the fifth year in a row, it is ranked #1 globally by Pensions & Investments magazine as the largest real estate business. The ranking credits the performance of our assets under management across the globe in 2008, which grew 31% to US$150.2 billion.
George Jautze, CEO, said: “This consistent record is a great achievement and the result of our unique business model, growth of finance, and resilient efforts. With the current market situation let us continue to focus strongly on our targets and strive for yet another top ranking position.”
Our competition | Total worldwide assets | |
|---|---|---|
1 | ING Clarion/ING Real Estate | US$150,276 |
2 | Prudential Real Estate | US$71,356 |
3 | Morgan Stanley | US$44,012 |
4 | TIAA-CREF | US$42,751 |
5 | RREEF Alternative | US$42,690 |
6 | Principal Real Estate | US$42,296 |
7 | UBS Global Real Estate | US$39,483 |
8 | JPMorgan Asset Mgmt. | US$38,876 |
9 | AEW Capital | US$36,328 |
10 | Credit Suisse Real Estate | US$36,000 |
Source: Pensions & Investments. (2008). Retrieved 29 September, 2008 from http://www.pionline.com