The results are in. It has been a whirlwind year for property. What has that meant for the top 100 real estate owners?

Only the US, China, Japan and Germany have GDPs larger than the total assets held by Estates Gazette Global’s top 100 real estate owners. This year, the top 100 owned a total of $3.6tn of property, a $400bn increase on the figure recorded last year.

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

US firms remained the largest contingent in the top 100, taking up 32 places and having a combined asset value of $1.3tn. China represented the next largest slice of the rankings, with 17 spots and a total value of $621.5bn.