PATRIZIA Immobilien AG is rigorously pursuing its course of European expansion. In future, business in the Netherlands will be led by a new subsidiary based in Amsterdam. “In our strategy, the Netherlands is a core market where we want to expand on our involvement in the long term,” said Klaus Schmitt, COO of PATRIZIA Immobilien AG. “The Dutch real estate market has become significantly more attractive recently. We are convinced the time has come for a stronger presence there.”
Peter Helfrich, a renowned expert in the Dutch real estate market has been attained as Managing Director of the newly founded PATRIZIA Netherlands B.V. The Dutchman has 20 years’ experience in the European real estate market. The 47-year-old Helfrich has held various management positions in real estate investment management, including CBRE Global Investor, ING Real Estate Investment Management and Jones Lang LaSalle. “In addition to his local networks and his extensive investment experience, Peter Helfrich´s know-how in establishing regional subsidiaries is particularly valuable for PATRIZIA,” said Schmitt.
PATRIZIA is already represented in the Netherlands with its own investments with a total volume close to €200 million. In addition, Dutch institutional investors are amongst PATRIZIA´s clients for many years. “In Amsterdam we want to operate on-site with our own real estate specialists just as we do in Copenhagen, London, or Paris,” Schmitt emphasises. “We will therefore continue to enforce our team in the Netherlands this year with experienced real estate professionals.”