The world’s largest real estate companies are determined based on evaluation using different metrics such as revenue, total assets, market capitalization, and so on. The following is a list of some of the largest real estate companies in the world that have met at least one criterion of the evaluation metric.
Largest Real Estate Companies in the World
The largest real estate companies in the world include the following companies:
1. Shikun & Binui
Founder: Solel Boneh
Founded: 1924
Headquarters: Tel Aviv, Israel
Shikun & Binui is a leading real estate and infrastructure company. It undertakes concessions and has been a major contributor to Israeli infrastructure by building roads, bridges, water ways, and more. The company has also developed residential and commercial properties across Israel. It has a significant global presence with projects spanning across Central and Eastern Europe, North America, and Africa.
2. Alony Hetz
Founder: Mr. Nathan Hetz
Founded: 1989
Headquarters: Ramat Gan, Israel
Alony Hetz is one of the prominent real estate investment holding companies in the world. It manages a diversified portfolio but focusses primarily on holding commercial real estate in Israel and overseas. The company is known for acquiring properties in prime locations and leasing them out on long-term agreements.
3. Tishman Speyer
Founder: Jerry Speyer and Robert Tishman
Founded: 1978
Headquarters: New York City, USA
Tishman Speyer is one of the top real estate companies in New York with operations across 32 markets worldwide. The company has developed and managed over 100 million square feet of property. With their commitment to offer a sense of community over simple landlord tenant relationship the company has fared in its business growth and has been a top choice of many real estate stakeholders. The iconic Rockfellar Centre in New York City has been one of Tishman Speyer’s remarkable projects.
4. Hines Interests Limited Partnership
Founder: Gerald D. Hines
Founded: 1957
Headquarters: Houston, Texas, USA
The Hines Interests Limited Partnership has a significant global reach with its real estate operations established across 30 countries. As of 2023, its portfolio is worth over $93.2 billion. The company prioritizes property management, property investment, and property development across different property types like office buildings, residential properties, industrial facilities, mixed-use developments, and more. The company is notable for its environmental friendly sustainability initiatives and technology adoption in its real estate initiatives.
5. China Vanke Co., Ltd
Founder: Wang Shi
Founded: 1984
Headquarters: Shenzhen, China
China Vanke Co., Ltd is a leading real estate development company concentrating primarily upon residential properties projects. It has executed projects across 60 major cities across Mainland China. The company also offers property management services and has projects across Hong Kong, the United States, the United Kingdom, and Malaysia.
6. New World Development Co. Ltd
Founder: Cheng Yu-tung
Founded: 1970
Headquarters: Central, Hong Kong
New World Development Co. Ltd, a Hong Kong based real estate development company has a diversified portfolio ranging from property development and property investment to infrastructure development and services. Their portfolio also includes residential, retail, office, and industrial properties development projects spread across Hong Kong and Mainland China.
7. Greystar Real Estate Partners
Founder: Bob Faith
Founded: 1993
Headquarters: Charleston, South Carolina, USA
As of 2023, Greystar Real Estate Partners manages more than 822,000 units, making it one of the largest real estate companies in the United States. Apart from developing renal housing, Greystar Real Estate Partners also develops and manages warehouses and distribution centres and has developed life sciences real estate.
Greystar Real Estate Partners has operations in 17 countries across the globe and manages and operates more than $280 billion in real estate assets.
8. Wheelock and Company
Founded: 1857
Founder: Captain Thomas Reed Wheelock
Headquarters: Kowloon, Hong Kong
Wheelock and Company are one of the oldest real estate companies in Asia. The company has three subsidiaries, namely, The Wharf (Holdings) Limited (WHL), Wharf Real Estate Investment Company Limited (Wharf REIC), and Wheelock Properties Limited (WPL).
The Wharf (Holdings) Limited (WHL) looks after property development projects by investing in properties like hotels and development projects. Wharf Real Estate Investment Company Limited (Wharf REIC) focuses on real estate investment trusts (REITs). Wheelock Properties Limited (WPL) engages in property development across residential, commercial, and retail segments. The company does business in Hong Kong, Singapore, and Mainland China.
9. Guangzhou R&F Properties Company
Founder: Li Szelim and Zhang Li
Founded: 1994
Headquarters: Guangzhou, China
Guangzhou R&F Properties Company is a major real estate development, investment, and management company in the Guangzhou region of Mainland China. The company generates income through property development, investment, hotel operations, property brokerage, and other related services. Guangzhou R&F Properties Company undertakes various kinds of projects across the industry, from developing luxury apartments and shopping malls to office buildings.
Founded: 1972
Founder: Stephen M. Ross
Headquarters: New York City, USA, with offices across the country and in London
The Related Companies is a prominent American real estate developer. The company is known for its massive real estate projects that include residential, commercial, retail, and cultural properties. The company's primary focus is on transforming underutilized urban properties. Alongside developing luxury apartments, the company also focusses on building affordable housing in the United States. The company has also established its international presence by undertaking the Brent Cross Town project, which cost £5 billion.
Conclusion
The real estate industry is growing exponentially and would continue to do so in the future. There are many major players in the field of real estate industry as listed above who may continue to show strength in the upcoming years as well. Approaching these real estate companies can help you a lot with your real estate initiatives as well.
