office space

Patrizia will invest up to 500 million in Portugal and Spain next year

  • office space
    November 21, 2019

    German real estate investor Patrizia has between €300 million and €500 million to invest in Portugal and Spain in 2020.

    “Our plans are not simply to grow, but to generate the greatest possible value for our investors,” said Eduardo de Rosa, Patrizia’s new general director in the Iberian market.

    The company’s portfolio, which purchases assets on behalf of investment funds, consists essentially of retail (29%), office (27%), logistics (19%), residential (12%) and hotel (12%) assets. In the last 12 months, Patrizia invested 310 million euros in the Iberian Peninsula, in a total of 30 properties.

    Within this investment stands out the purchase of a block at Cais do Sodré, which bought in July for about 28 million euros. The property will be transformed into a four- to five-star hotel with more than 100 rooms.

     

    About Patrizia

    Patrizia AG has been active as an investment manager in the real estate market across Europe for more than 35 years. Patrizia’s activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global partner for pan-European real estate investment, Patrizia operates as a respected business partner of large institutional investors and retail investors in all major European countries. Patrizia manages more than EUR 42 billion of real estate assets, primarily as an investment manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag