Westfield Australia's top result in list of world's global property heavyweights

Valued at more than $3.2 trillion, Estates Gazette has come up with its second annual global rankings of 100 heavyweights in the world of global property investment.

Focusing on real assets, rather than debt or securities, the list pulls together investors from all over the globe.

There are three entries from Australia - Westfield in 39th place, Lend Lease in 86th place and Stockland in 91st position.

Brookfield Asset Management, CBRE Global Investors and Blackstone continue to dominate the top three positions, with more than $280 billion of property between them.

This year, UK retail REIT Hammerson nudges its way on to the bottom of the list with $11.3 billion of assets.

Estate Gazette's report noted China Vanke became the first Chinese company to enter the top five.

Asian investors make up almost a third of this year’s rankings by volume of holdings, with $999 billion of property.

Source: Estate Gazette