Patrizia Immobilien AG announces it 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 client wishes to grow its real estate investment exposure and has chosen Patrizia to act as investment manager for the 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, says 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,” says 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.