RCA Insights

Chart: Where Do Europe’s Institutional Players Spend?

By on November 19th, 2018

Where do Europe’s institutional investors buy commercial property? The chart below illustrates where the flows from the four biggest country sources of institutional capital in Europe – Germany, the U.K., France and the Netherlands – went to in the first nine months of 2018.

Germany was the biggest source of capital, but by less than a billion euros: €22.8 billion ($26.1 billion) compared with €22.2 billion from U.K. institutional investors. French institutional buyers supplied €7.4 billion of capital and Dutch investors €4.2 billion.

1811 Euro flows Sankey COTW MAIN_150-01

It’s no surprise that for all four countries, the bulk of capital was spent at home in their domestic market. Germany was the largest recipient of capital, garnering €15.6 billion. German institutional investors have continued to buy in the U.K., where, despite Brexit-related uncertainty, they have spent €1.4 billion in the first nine months of the year. The Asia Pacific region is increasingly on the radar of these investors.

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Willem Vlaming provided data analysis for this article.

Tom Leahy

Tom Leahy

Senior Director, EMEA Analytics

Tom Leahy joined RCA in 2014. In his role as Senior Director for the EMEA region, Tom is responsible for the development and expansion of the market analytics service for RCA’s European clients.

Prior to joining RCA, Tom was an Associate Director and then Head of Research at UK-based property consultancy, Lambert Smith Hampton. He started his career as an analyst at research consultancy Property Market Analysis (PMA).