List of the 800 largest office real estate investors Europe [2025]

List of 3 office real estate investors in Europe

Office property investors in Europe buy, develop and manage office buildings in major cities and economic centers. Major investors in this area include Allianz Real Estate, AXA Investment Managers, LaSalle Investment Management and Patrizia Immobilien AG. They buy first-class office space in major cities such as London, Paris, Berlin and Frankfurt. Aspects such as sustainability and flexible workspaces are often important to investors and the “office real estate” asset class continues to be an important area of the real estate sector – whether as a pure office building or as a mixed-use concept. In our list of the largest office real estate investors in Europe, we have collected the most important investors, of which we present 3 top players in more detail here.

1. CORESTATE Capital Holding S.A. (Luxembourg/Luxembourg)

CORESTATE is a real estate investor based in Luxembourg with a branch office in Frankfurt am Main. The company manages assets of 27, 4 billion euros and has 300 professionals and over 70,000 retail clients. CORESTATE is active in several real estate sectors, including investing in office properties. CORESTATE focuses on core, core+, and value-add properties with an individual property value of 10 million euros or more.

Update 2023: The real estate investment giant is currently facing not only hard times, but even the threat of bankruptcy. The beleaguered Corestate shares were already in free fall last year and have now sunk to a new record low of EUR 0.28.

2. Alstria Office REIT AG (Hamburg/Germany)

Alstria AG is a leading manager and investor of office real estate in Germany. The company owns office properties in many major German cities, such as Hamburg, Frankfurt or Berlin. Alstria is a publicly listed stock corporation organized as a legal form of a REIT. An exemplary investment is located at Platz der Einheit 1 in Frankfurt am Main with a rental area of 30,400 m² and a market value of 1.9 billion euros.

Update 2024: HCOB (Hamburg Commercial Bank AG) is refinancing a portfolio of eight office properties totaling EUR 100 million for Alstria. Specifically, this involves a total area of almost 70,000 m2, which is located in Hamburg, Berlin, Stuttgart and Düsseldorf and is let on medium to long-term leases.

3. PIMCO Prime Real Estate GmbH (Munich/Germany)

PIMCO Prime Real Estate is the real estate arm of Allianz SE based in Munich. The company invests in high-quality office and retail properties in Europe, the USA and Asia. Allianz Real Estate invests in core and value-add real estate with a minimum market value of 100 million euros. In addition, the company invests in funds with a minimum of 100 million euros. An exemplary investment is the Tour Cristal skyscraper in Paris.

Picture source: CHUTTERSNAP via Unsplash (23.08.2023)

Office property in focus: buildings, parks and portfolios

The asset class of office real estate has a firm place in the investment landscape. Long-term leases and solvent tenants make office buildings popular investment properties, not least because they are easy to plan. A distinction must be made between pure office buildings, mixed-use office properties and office parks. While office parks are often found in the suburbs of large cities and metropolitan areas, office properties in central city locations are often characterized by a mixed-use component. The investors included in our list are very broadly positioned and are interested in all types of office buildings. In particular, international investors active on a supra-regional scale are always on the lookout for entire office portfolios.

Picture Source: Unsplash(Abbe Sublett), Erin Doering via Unsplash (23.08.2023)