Strong capitalization, profitability, good capability in complex transactions and sustainable development make DBS Hong Kong's best bank for real estate.

With over 118 years of history, Banco Pichincha is one of Ecuador’s leading banks in real estate financing, in particular in the social and public housing sectors. As the top provider of these loans, Banco Pichincha accounted for 56% of the US$289 million allocated to social and public housing by the private financial system between May 2023 and June 2024. The bank serves 5.6 out of every 10 households benefiting from these programmes.

Reporting a significant 146% increase in net profit, VSIP reached $43.84 million in the first half of this year and maintained its leading position in industrial parks in Vietnam to be named Vietnam's best industrial and logistics developer.

Grit Real Estate Income Group’s diverse portfolio, high occupancy, multinational tenants and strong financial discipline drive its growth. Sustainability and gender equality initiatives, alongside strategic asset management, position the company to become a market leader in the region.

With 25 projects and a total registered investment capital of about $3.8 billion in Vietnam, Keppel is one of the largest foreign real estate investors in one of the fastest-growing markets.

Colliers has been working in Indonesia for over 30 years and maintained its leading position in the market by its comprehensive range of commercial real estate services and its expansion into new sectors and innovative services.

Almal Real Estate Development has recently enhanced its luxury brand with several high-profile projects.

Warsaw-based developer Globe Trade Centre (GTC) has stood out from competitors over the review period thanks to robust growth in its already expansive commercial real estate operations in Central and Eastern Europe.

NLB Banka Podgorica has made waves in Montenegro's real estate sector through ambitious overhaul of its premises and financial support to landmark developments across the country.

As one of the largest property developers in the country, Ciputra Development has shown its excellence in the property sector with its strong achievements over the review period.

Logan Valuation had a solid year delivering high quality consulting work to the Colombian real estate market. With offices in Bogotá, the firm is supported by internationally recognized experts holding prestigious MAI and RICS designations.

Riyad Bank has made a distinctive mark on Saudi Arabia’s real estate sector through a mix of strategic financing initiatives, collaborative projects and active participation in national programmes.

Prime has had a strong year over the review period consolidating its status as a leader in Costa Rica’s real estate consultancy sector. Specializing in investment, advisory, and project structuring, Prime collaborates with top-tier family offices and corporations across Latin America, having participated in over 330 projects in 23 countries, with real estate transactions exceeding US$2.5 billion. Known for tackling complex real estate challenges, Prime focuses on structuring large-scale, sophisticated projects and portfolios, while advocating for net-positive real estate.

Corporación Inmobiliaria Vesta (Vesta) has demonstrated exceptional growth and leadership in industrial real estate across Mexico during the review period. By the end of 2023, Vesta had surpassed its 2031 target for gross leasable area, reaching over 45 million sq ft ahead of schedule through a blend of new developments and certification of existing properties.

Colliers’ Denmark performance during the review period reflects its leadership across transactions, capital markets, and innovative client services. Colliers has a commanding presence in Denmark’s real estate market, securing an average 31% share of brokered transactions, including a standout 36.5% market share in deals under DKr100 million ($14.4 million). Its stronghold in the Triangle Region of Jutland, with 33% of all sales, highlights Colliers’ extensive reach and expertise.

The Kuwait-based investor Markaz had a strong year in Kuwait real estate, marked by impressive fund performance, strategic development projects, technological advancements and a achievements in sustainability.

Colliers’ performance over the review period demonstrates its commitment to innovation and leadership in the sector. With over 30% of the Norwegian real estate market, Colliers has established a solid reputation for handling some of the biggest transactions in the country and steadily expanding its product line.

Colliers has an unmatched presence and expertise in the Finnish market. Operating 12 offices across the country, Colliers has established itself as a market leader in property management, providing extensive services that span a portfolio of more than 22,000 properties and approximately 8 million sqm of managed space.

United Real Estate Company (URC) stands as a prominent player in Kuwait and the MENA region’s real estate landscape, boasting consolidated assets of approximately KD651 million ($2.12 billion).

AXA IM Alts has engaged in notable transactional activity in France during the review period, doubling down on investments in high-growth properties.

Skanska has been showcasing its innovation and dedication to sustainability in several notable projects over the review period. Despite market challenges, the firm has pushed boundaries with eco-friendly construction practices and groundbreaking developments.

Mashreq Bank has continued to finance some of Bahrain’s most prominent real estate projects.

SQB is supporting the growth of Uzbekistan’s real estate by extending mortgage loans to clients – the bank’s share of the overall Uzbek mortgage market, at 21%, underscores its pivotal role.

Over the review period, Cushman & Wakefield has been adapting to changing demands in Brazil’s commercial real estate market, with a focus on major office markets in São Paulo and Rio de Janeiro. In 2023, the office sector saw growing interest in flexible workspaces, especially in high-end Class A and A+ properties. This shift led Cushman & Wakefield to refine strategies to match evolving corporate needs, aligning occupancy rates with emerging work models.

BTG Pactual Asset Management demonstrated its leadership in the Brazilian real estate financial sector with strong results over the review period. As one of the country’s largest investment banks, BTG Pactual offers a broad range of services, including market making, brokerage, derivatives trading, insurance, and reinsurance.

Kotak Mahindra Bank stands out for its comprehensive suite of products designed specifically for real estate players. Kotak supports real estate development from the ground up, including offerings such as construction finance, loan against property, lease rental discounting, and high-grade bonds. Through these, the bank effectively meets the varied financing needs of developers and investors alike, from construction and leasing to capital restructuring.

National Bank of Kuwait (NBK) has solidified its position in the Kuwait real estate finance space following a successful year marked by strategic growth and innovation. Its commercial real estate portfolio has experienced a year-on-year growth of 12%, reflecting a strategic focus on core plus assets.

Blackstone’s recent UK investments reflect its targeted approach to high-demand sectors within the UK’s real estate market.

Binswanger Peru is the country’s largest commercial real estate services company, with a team of over 200 experts providing advisory services across property sales, leasing, management, valuations, project development, and facilities management.

With a robust capital base, DBS has a strong ability and deep lending capacity for the capital-intensive real estate industry and has successfully completed significant transactions in the market to meet clients' needs while proving its strength in complex transactions during the research period.