Merger and acquisition activity within the global real estate investment management market resurged in the second half of 2013, as major market players sought to realise renewed global expansion ambitions as we enter an anticipated period of stabilisation and reduced capacity for organic growth.

In the final six months of 2013, five major M&A deals were confirmed: Henderson Global Investors’ merger with TIAA-CREF; BlackRock’s acquisition of MGPA; Ares Management’s acquisi