PATRIZIA Dutsh Logistics Acquisition
The 7.5 billion euros of transactions closed in fiscal 2020 reflect the company's ability to carry out successful operations even in changing market environments. These figures continue to position PATRIZIA as one of the main independent investment managers in real estate assets.
Philipp Schaper, Director of European Transactions at PATRIZIA, stated that «despite difficult market conditions, the PATRIZIA transaction team identified and signed around 145 transactions in Europe last year. Thanks to our experienced local teams in our 24 offices around the world and to our extensive network of contacts in the field, we continue to make attractive investments for clients who trust PATRIZIA as a solid and reliable partner ».
From the transactions that were signed in 2020, 60% came from PATRIZIA's international markets: 20% in the United Kingdom, another 20% in Benelux, and 20% distributed between Iberia and the Nordic countries.
Schaper added that «the focus for 2021 is on our determined strategy across the entire risk spectrum, and on continuing our appetite for the residential sector and urban logistics.»
The preliminary release of PATRIZIA's results for fiscal year 2020 will be available on February 25, 2021. The above-mentioned signed and closed volumes include a mandate of approximately €500 million transferred to PATRIZIA by an external investment manager for further administration.
Disclaimer: information collected from a Patrizia press release
