Euromoney Global Real Estate Awards 2023: The world’s best bank – JPMorgan

Euromoney Limited, Registered in England & Wales, Company number 15236090

4 Bouverie Street, London, EC4Y 8AX

Copyright © Euromoney Limited 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Euromoney Global Real Estate Awards 2023: The world’s best bank – JPMorgan

JPMorgan’s global commercial real estate revenue grew to $806 million in the second quarter of 2023, from $642 million in the first quarter.

Highlights at JPMorgan in Europe include acting as sole financing adviser to Vonovia in its sale of a €1 billion stake in its German property portfolio to Apollo. This is believed to be the first time insurance capital has provided equity to a real-estate player at such a scale.

Vonovia is a leading global residential real estate company with assets of approximately $100 billion.

JPMorgan has also been involved in two transactions involving troubled Swedish property group SBB. In November 2022, it was able to raise more than €800 million for EduCo AB, a subsidiary of SBB that owns school and university real estate, when Brookfield Super-Core Infrastructure Partners acquired a 49% stake in it.

Massimo Saletti_960.jpg
Massimo Saletti

SBB intends using the net proceeds from the transaction to strengthen its liquidity and financial position.

In

Gift this article