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Contributors

Erik Beets

Group Head of Asset Management

Marcus Cieleback

Chief Economist

Wolfgang Egger

Fondateur - Chargé des relations stratégiques

Sven-Olaf Eggers

Group Head Platform Administration

Jonathan Feuer

Member of the Supervisory Board

Erik Beets

Group Head of Asset Management

Marcus Cieleback

Chief Economist

Wolfgang Egger

Fondateur - Chargé des relations stratégiques

Sven-Olaf Eggers

Group Head Platform Administration

Jonathan Feuer

Member of the Supervisory Board

Konrad Finkenzeller

Head of Global Client Solutions - Member of the Executive Committee

Peter Forster

Country Head Germany

Christoph Glaser

Chief Financial Officer

Borja Goday

Head of Iberia

Johannes Haug

Head of european real estate development

Axel Hefer

Member of the Supervisory Board

Daniel Herrmann

Managing Director, Fund Management

Jan-Hendrik Jessen

Head of Fund Management Operated Properties

Manuel Käsbauer

Head of Technology and Innovation

Oliver Kolle

Group Head of Alternative Investments

Marie Lalleman

Member of the Supervisory Board

Christoph Langmack

Head of Acquisitions Residential

Andreas Menke

Group Head of Corporate Communications

James Muir

Head of UK & Ireland

Emile Poort

Head of Transactions Benelux

Philipp Schaper

European Chief Investment Officer

Klaus Schmitt

Chief Operating Officer - Member of the Management Board

Philippe Vimard

Member of the Supervisory Board

Thomas Wels

Conseiller principal de la société

Nathalie Winkelmann

Managing Director Patrizia Augsburg - Head of Fund Management Residential

Asoka Woehrmann

Chief Executive Officer

Finance

"Despite a challenging market, Patrizia stayed close to its convictions in 2023"

BiTV Interview welcomes Philipp Schaper. CEO European Real Estate at Patrizia. Despite a very challenging investment environment, the German investment manager closed over €3.5bn of real (...)

Finance

Are institutional investors in good spirits? (Patrizia)

According to the 3rd edition of Patrizia's survey of 120 institutional investors, rising interest rates and economic uncertainty are "clearly having an impact on (...)

Career

Former DWS CEO at the helm of Patrizia

A game of musical chairs at Patrizia, where Asoka Wöhrmann, former head of DWS, has been appointed CEO. After a "short transition period", he (...)

Housing

"Residential assets are less linked to the cyclicality of the economic environment"

BiTV Interview receives Dr Marcus Cieleback, Chief Urban Economist at Patrizia In Patrizia’s latest European Living Cities Index, Paris was crowned as the most attractive (...)

Housing

Paris beats London to top spot as most attractive European city for residential investors

Paris is the most attractive city for residential investors in Europe, according to Patrizia's European Living Cities Index 2022. While London ranks highest in (...)

Investment

Patrizia's flagship fund buys three warehouses in France from Kuehne & Nagel

Patrizia’s flagship, open-ended, core balanced fund, Patrizia PanEuropean Property Limited Partnership, recently acquired two warehouses in Lyon and one in Strasbourg from the international logistics group (...)

Career

Alexander Woy recruited to bolster the healthcare department of BNP Paribas REIM

BNP Paribas REIM has recruited Alexander Woy (55), an experienced senior asset manager, to strengthen its healthcare department, which focuses on the Healthcare Property (...)

Finance

Patrizia's new venture capital fund raises €100m

Patrizia AG has completed a €100m first round of funding for its new venture capital fund, Sustainable Future Ventures (SFV). The deal attracted capital (...)

Finance

With first €500m dedicated impact fund, Patrizia looks to build sustainable communities

German investment manager Patrizia has launched its first fund fully dedicated to impact investing, Patrizia Sustainable Communities. After a first closing at the end (...)

Housing

Patrizia invests €600m in Barcelona portfolio after raising €950m from its Living Cities fund

Patrizia has raised over €950m of new capital for its Living Cities open-ended residential fund over the past 12 months, notably from several French (...)

Office

Patrizia sells Brussels' Astro Tower to Union Investment

Patrizia AG has sold on behalf of one of its single mandate institutional clients, South Korean consortium AIP Asset Managment, the shares in the company that owns (...)

Career

Patrizia appoints Amal Del Monaco as new European Head of Asset Management and chair of country heads

Patrizia AG has announced the appointment of Amal Del Monaco as its new European Head of Asset Management and chair of its country heads. She (...)

Finance

“Beds and Sheds” notch record share of investment deals in Covid-hit Europe – RCA

Investor spending on apartment and industrial properties combined took a greater value share of European commercial property transactions than offices for the first time (...)

Housing

European residential markets resist to the pandemic - Patrizia

Although the Covid-19 pandemic has disrupted the commercial real estate sector over the last year, market fundamentals for investing in European housing remain largely (...)

Finance

Patrizia raises €220m for its open-ended PanEuropean Property Limited Partnership fund

German listed investment manager Patrizia has announced it has raised €220m of new equity this year for the Patrizia PanEuropean Property Limited Partnership, the firm’s (...)

Finance

Covid-19 pounds European real estate in Q3 2020 as deals fall 43% – RCA

Total European real estate deal volume fell 43% in Q3 2020 compared with the same quarter of 2019, to €44bn, Real Capital Analytics’s European (...)

Career

Klaus Schmitt to become CEO at Corestate

The Supervisory Board of Corestate Capital Group has announced that Klaus Schmitt, most recently a member of the Management Board of Patrizia AG, will (...)

Finance

"Patrizia remains positive and optimistic about real assets"

For its new "Interview" season, BiTV opens its platform to Business Immo Europe and welcomes Anne Kavanagh, Chief Investment Officer at Patrizia.  With her, we discuss Patrizia's (...)

Finance

Patrizia records an operating income of €74.1M in 1H 2020

Patrizia AG has recorded an operating income of €74.1m in H1 2020. This compares to €79.0m operating income in the same period last year, (...)

Finance

Patrizia closes TEP VII pan-European fund at €750m

Patrizia has announced the final close of its flagship discretionary value-added fund, TransEuropean VII LP (TEP VII). The vehicle has reached its equity hard (...)

Finance

London and Paris are still the most attractive European Cities - Patrizia City Ranking

As was the case in the previous edition, published in 2017, London, Paris, Vienna and Munich still occupy the top four spots of the (...)

Hospitality

France's Atream buys NH Erlangen Hotel for €16.8m

Paris-based independent asset manager Atream has acquired for €16.8m the NH Erlangen Hotel, on behalf of its SCPI fund Atream Hotels, from the German (...)

Office

Patrizia buys 5,600 sqm AIRE office building in Luxembourg

Patrizia AG has acquired the AIRE office building in Luxembourg City on behalf of its institutional clients. The 5,600 sqm building is fully let (...)

Finance

Patrizia completed nearly €1bn of transactions in France in 2019.

Patrizia AG carried out nearly €1bn of transactions in France in 2019, a significant increase in transaction volume compared to 2018. The German investor's (...)

Finance

Germany’s Patrizia acquires BrickVest

Germany’s Patrizia AG has acquired BrickVest, the London-based global digital investment platform founded in 2014 by French businessman Emmanuel Lumineau. The Augsburg-based listed investment manager (...)

Career

Patrizia hires new Head of Asset Management South-West Europe

German listed investment manager Patrizia has appointed Alberto González de las Heras as its new Head of Asset Management South-West Europe. Based at the (...)

Office

US PGIM, after selling Berlin portfolio in JV, adds office tower project Stream

Just a week after selling a Berlin office package in a JV, US manager PGIM has added to holdings there, acquiring the office tower project Stream (...)

Office

New Korean name in Europe, Eugene, acquires Warsaw's FENIKS office building

A new Korean name has become active in European real estate: Eugene Investment & Securities, which has acquired the FENIKS office building in Warsaw from Germany's (...)

Logistics

Germany's Patrizia buys €1.2bn European logistics package from BentallGreenOak

German listed investment manager Patrizia has acquired a vast 42-unit pan-European portfolio of 42 logistics assets from BentallGreenOak, paying some €1.2bn for the package. The assets will be placed in (...)

Office

Germany's Patrizia enters strategic partnership with WiredScore

Germany's listed property investment manager Patrizia has made a strategic investment in US-based WiredScore, the global rating scheme for digital connectivity across real estate. Founded in (...)

Housing

German Domicil offers unique model in upcoming housing IPO - Chairman Moser

German housing group Domicil is offering a unique business model in its IPO, based on B and C cities and a risk-free package for small investors, (...)

Listed

Germany's Garbe prepares €600m IPO of Logistrial Real Estate REIT

Germany's family-owned Garbe group is preparing an IPO of up to €600m for a logistics REIT called Logistrial Real Estate, which is already seeded with (...)

Listed

Germany's Patrizia 1H operating profit up 9% to €79m, beating strong 1H18

Growth in assets plus superior investment performance took first-half operating income for Germany's Patrizia up 8.9% to €79m even against the very strong 1H18. Confirming (...)

Housing

Sweden's Heimstaden extends NL housing with €97m buy from Germany's Patrizia

Sweden's listed Heimstaden continued its aggressive accumulation of housing assets, adding 18 Netherlands properties from Germany's Patrizia for €97.4m. The announcement comes almost simultaneously withHeimstaden's acquisition of residential property in (...)

Office

Augsburg's Patrizia sells four office/resi assets in Copenhagen for €50m

Augsburg-based Patrizia has sold four mixed-use office and residential properties in Copenhagen for €50m for its Patrizia Nordics Cities Fund to Danish listed group Jeudan. The (...)

Retail

Investors don’t count retail out just yet

“There is usually a time lag of 1-2 years between what happens in the United Kingdom and the rest of Europe”, according to Darren Yates, (...)

Logistics

Germany's Patrizia adds Dutch logistics portfolio for €131m

German listed investment manager Patrizia has acquired a 131,000 sqm portfolio of logistics properties across three locations in the Netherlands for €130.8m. The package was (...)

Housing

Munich's Domicil hires Matthias Moser as it prepares a potential IPO

Munich-based residential firm Domicil is preparing a potential IPO, and has hired one of Germany's most experienced housing property specialists Matthias Moser as adviser. Founded in 2009 (...)

Finance

Patrizia wins €180m fund management mandate in Italy

Germany's Patrizia has secured a pan-European real estate fund mandate in Italy from Fondazione Cariverona, part of Unicredit bank, for a vehicle managing €180m (...)

Retail

Patrizia adds 27 German supermarket assets for €100m, taking Euro retail to €8.3bn

Augsburg-based real estate manager Patrizia has added 27 German retail assets for some €100m for its Retail Opportunity SCS fund, increasing its retail portfolio across Europe (...)

Listed

German Patrizia 2018 net slips to €58m but operating result surges

Augsburg listed investment manager Patrizia reported a 1% slip consolidated net profit to €58.1m in 2018, hit by one-off items, but the operating result (...)

Finance

No sector for old cowboys

A maturity is entering real estate. Recognition that it is not for old cowboys but a sector where success is tied directly to user (...)

Listed

Germany's Patrizia grows operating income 72% to €141m, AUM at €41bn

German property group Patrizia reported a 72.1% rise to € 141.4m in operating income in 2018 preliminary figures, with total assets including managed funds (...)

Health / Senior

Germany's Patrizia launches 3rd healthcare fund, targeting €700m

Germany's listed asset manager Patrizia has launched its third healthcare fund with an initial target volume of €300m and a long-term goal of €700m, (...)

Office

Patrizia buys Frankfurt Eurotower for €575m for Taiwan's Fubon Life

Paying €575m on behalf of Taiwan's Fubon Life Insurance group, Germany's Patrizia has acquired the Eurotower office building in Frankfurt, the European Central Bank's former HQ. The 148 m., (...)

Housing

In Denormandie France has its first minister for housing. Period.

After the government reshuffle today France has its first minister for housing. Period. Not for urban planning; not also for cohesion or equality of (...)

Housing

France's CDC, backed by Germany's Vonovia, said winner of SNCF housing at €1.4bn

With a near €1.4bn bid, France's CDC Habitat, backed by two state pension funds and Germany's Vonovia, has won the 4,000-unit housing portfolio sold (...)

Housing

US Greystar launches French student/PRS platform under new MD Kurata

US-based housing group Greystar is launching a platform in France to acquire and develop student and private rented residential, and is opening an office (...)

Listed

German Patrizia renames all units under parent brand

Less than a year after the takeover of real estate managers TRIUVA and Rockspring, German listed Patrizia has brought all group units under the single shared (...)

Finance

German Patrizia doubles operating income in 1H, increases 2018 guidance

German listed property group Patrizia Immobilien AG reported a 106,6% boost of its operating income in the 1st half of 2018, to €72.5m, and (...)

Finance

German firms establish Real Estate Data Summit to set open digital strategy

Eight leading German property management and real estate firms, organised by Berlin PropTech group Architrave, have founded a new grouping called Real Estate Data (...)

Retail

Hamburg's Warburg-HIH Invest pays €100m for German convenience retail

Warburg-HIH Invest, a joint venture between the private M.M. Warburg bank and HIH group, has paid over €100m for five local convenience centres in Germany (...)

Finance

Aided by consolidation, global property fund AUM rises 22% to average €16.7bn

Primarily due to rapid growth of big managers, aided by a trend to consolidation, average assets managed by global property funds last year rose (...)

Housing

Corestate targets €2.4bn micro-living AUM in Germany, Europe

Listed German property specialist Corestate Capital, plans to invest €2.4bn in micro-living in Germany and throughout Europe through end-2019, and said it has already deployed (...)

Office

Germany's Corpus Sireo, part of Swiss Life, is latest to enter Finland, at €28m

Germany's Corpus Sireo Real Estate, part of Swiss Life Asset Managers, has become the latest major foreign fund to enter Finland, paying €28m for a commercial (...)

Retail

AEW is latest to re-enter Helsinki, paying €109m for Stockmann asset

London and Paris-based AEW has become the latest large institution to invest in Helsinki, paying €108.5m for a retail-led asset in the CBD from store group (...)

Listed

German Patrizia shares surge after 1Q income rises fourfold

Shares in German listed real estate group Patrizia surged by over 11% on Thursday following news that its first quarter operating income quadrupled to nearly €43m (...)

Office

Singapore's CapitaLand REIT pays €356m for 2nd Frankfurt office asset

Capitaland Commercial Trust , the Singapore REIT controlled by the giant CapitaLand group, is paying €356m for a near-95% stake in Frankfurt office complex Galileo to seller Triuva, (...)

Finance

Patrizia's Rockspring doubles return target with €400m asset sales

London real estate manager Rockspring, now part of Germany's listed Patrizia group, says it has sold eight assets from its liquidating TransEuropean Property Limited Partnership V fund (...)

Finance

German Patrizia, reporting 14% operating rise in 2017, sees faster growth this year

Fast-growing German listed property group Patrizia reported a preliminary 14% rise in operating income last year to €87m, and said it expects growth of (...)

Office

Germany's listed Patrizia acquires UK-based Rockspring, boosts AUM to €40bn

In the second large German acquisition this week, listed Augsburg-based Patrizia announced Tuesday that it is buying the London-based real estate fund manager Rockspring, boosting managed assets (...)

Finance

Germany’s Patrizia takes AUM over €30bn with purchase of Triuva fund manager

German listed Patrizia has acquired investment manager Triuva, the former real estate institutional fund arm of IVG, boosting total managed assets by some €9bn to over (...)

Office

Patrizia eyes more acquisitions, settles Union Investment payout dispute

German listed investment manager Patrizia is planning further acquisitions and has around €700m in liquidity for this, CFO Karim Bohn said in a interview. It has also settled (...)