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PATRIZIA wins €200m pan-European mandate

By Kasmira Jefford - Wednesday, October 11, 2017 14:02

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PATRIZIA Immobilien AG has received a separate account from a large pension fund based in northern Germany to build a pan-European value add real estate portfolio worth €200m.

The new mandate will see PATRIZIA act as investment manager for office, hotel and residential real estate investments in top European cities and select urban locations.

Stefan Glossner, Head of Fund Management Value Add at PATRIZIA, saod he is delighted that the team has been able to further expand PATRIZIA’s successful collaboration with an institutional investor.

“We are very happy that we obviously have done convincing work on our existing core portfolio being managed for this client leading the pension fund into placing even more trust in PATRIZIA’s expertise with this value add mandate,” said Glossner.

More than 200 institutional investors from around the world currently invest in European real estate through PATRIZIA, with approximately half invested in multiple PATRIZIA products. PATRIZIA manages real estate investments in all strong and relevant European property markets, in all asset classes and all risk profiles on behalf of these institutional investors.

Glossner adds that with PATRIZIA’s network of local experts spread throughout Europe’s real estate markets, he is confident of being able to identify and acquire the first properties for the new fund in the coming months. “As a dedicated investment manager, once the assets are secured we will add value to the properties through active asset management,” he explains.

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