Listed European real estate investors accounted for just 22% of the top 50 deals by number in the first half of this year, according to research by PropertyEU.
London-listed Capital Shopping Centres led with its acquisition of the Trafford Centre in Manchester, but private investors accounted for the bulk - or 78%.
AXA Real Estate Investment Managers led the pack with a total of EUR 2.13 bn of acquisitions and sales transactions in H1. The figure comprises 80 deals or EUR 1.19 bn of acquisitions and EUR 939 mln of sales completed during the period, compared to EUR 2.7 bn transactions for the whole of 2010.
AXA REIM said its transaction activity underwent a geographic shift in H1 this year, away from France to other core markets in Europe, and the UK in particular, reflecting the strategies of major clients. This resulted in almost half of the acquisitions taking place in the UK, compared to 25% last year.
AXA REIM also leads PropertyEU's overall ranking of leading investment managers in Europe – both listed and unlisted - with EUR 39.4 bn of assets under management at end-March 2011.
A comprehensive analysis of the largest investment managers and major indiInvestment als in H1 appears in the September edition of PropertyEU. Click on the link below to subscribe. | 
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