31. Januar 2012 
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Patrizia launches property fund for South German savings bank
Patrizia is launching a special real estate fund through its investment company for a South German savings bank. It is to invest in residential and commercial property. The investment volume of the individual fund is approximately € 200 million. The portfolio is to be built up in South Germany, with the focus on residential property. Approximately one third of the investment is to be commercial property, mainly retail parks as well as office blocks and commercial buildings.
The new fund is the first by Patrizia, which invests both in residential and commercial property. “Our client is looking for an attractive mix of stability and return in the portfolio. We can achieve this in an optimum fashion with this combination of types of use,” explains Wolfgang Egger, CEO of Patrizia Immobilien AG.
Along with the new edition, the existing special funds “Handel Germany” (retail) and “Wohn Germany” (residential) were opened for further equity, announced the company. A total of € 150 million is to go into both funds, so that the investment volume increases by € 300 million. Egger explains: “The investors appreciate our good work in the funds. Investors already on board have already announced that they are increasing their investments.”
With its two subsidiaries Patrizia GewerbeInvest KAG and Patrizia WohnInvest KAG, Patrizia is responsible for a total of 19 special funds. Approximately two thirds of the investments are aligned to commercial property, one third to residential property.
The new fund is the first by Patrizia, which invests both in residential and commercial property. “Our client is looking for an attractive mix of stability and return in the portfolio. We can achieve this in an optimum fashion with this combination of types of use,” explains Wolfgang Egger, CEO of Patrizia Immobilien AG.
Along with the new edition, the existing special funds “Handel Germany” (retail) and “Wohn Germany” (residential) were opened for further equity, announced the company. A total of € 150 million is to go into both funds, so that the investment volume increases by € 300 million. Egger explains: “The investors appreciate our good work in the funds. Investors already on board have already announced that they are increasing their investments.”
With its two subsidiaries Patrizia GewerbeInvest KAG and Patrizia WohnInvest KAG, Patrizia is responsible for a total of 19 special funds. Approximately two thirds of the investments are aligned to commercial property, one third to residential property.
