Real Estate Survey 2016: JPMorgan climbs to top of global real estate

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Asian developers dominate the 2016 Euromoney real estate survey, but the biggest changes are revealed among the global banks providing real estate finance.

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JPMorgan climbed three places to take the top spot in the global banking section of Euromoney’s 12th real estate survey – where advisers, developers, investment managers and banks vote to rank their colleagues and peers in the industry.

Last year’s best overall bank Goldman Sachs dropped to third. HSBC fell from second to fourth, while Deutsche Bank climbed one place to take second this year.

It was an impressive set of results for JPMorgan, which has not previously been able to claim global real estate leadership as it can in other sectors. JPMorgan also usurped Goldman to claim the top ranking globally for equity finance, although Goldman held on to top spot for M&A. Deutsche ranked first in debt capital markets; Bank of America Merrill Lynch is its nearest challenger.

The biggest changes came in the global loan finance rankings. German specialist Helaba continued its rise up the loans rankings – from 17th in 2014 to third in 2015, and this year scooping the top overall ranking. Last year’s winner HSBC fell to fourth place, with ING and Bank of China rounding out the new top three.

CBRE held onto the top spot in the global overall category for advisory and consulting in a year that saw just one new entrant to the global overall top 10: Knight Frank, which jumped two spots to 10th.

Prologis retained the global overall best developer award, Mitsui Fudosan climbed two spots to second and Global Logistic Properties three places to third. Hines and Sun Hung Kai Properties each dropped back two places to fourth and fifth, respectively.

Sun Hung Kai Properties performed better in the mixed developer category, pushing Mitsui Fudosan off pole position, while Unibail-Rodamco pushed up two places to take the crown in the retail section.

Blackstone was voted overall best investment manager – in line with last year – while CBRE climbed up a spot on last year to take third. LaSalle Investment Management held on to its second-place ranking.

US banks performed well in the Western European bank rankings – JPMorgan moved from third to first in equity finance, Bank of America Merrill Lynch made the same leap to top debt capital markets and Goldman moved up two to top M&A advisory.

In Asia, Bank of China knocked HSBC off the top spot, while two US banks made big leaps to get into the top five in the DCM sector: JPMorgan climbed to fourth from 13th last year and BAML came in fifth from 19th.

Euromoney’s 12th annual real estate survey results were based purely on peer nominations and voter participation scores.

The 2016 survey was live from March 4 until May 9, 2016. Euromoney received 2,169 valid responses.

Source: Euromoney

For questions about the survey please contact Tessa Wilkie (twilkie@euromoney.com) or Kalin Trifonov (ktrifonov@euromoney.com).

If you are interested in seeing more detailed data from any of Euromoney’s surveys, please contact Mark Lilley (mark.lilley@euromoneyplc.com).