PATRIZIA AG, the global partner for pan-European real estate investment, has signed over EUR 8bn in transactions in 2019, of which more than two-thirds were purely acquisitions and a majority were sourced outside of Germany, the country where the company has its global headquarters.
PATRIZIA confirmed its activity in the European real estate transaction market by growing its signed transactions across real estate sectors for its thematic investment strategies from EUR 4.9bn in 2017 to EUR 6.8bn in 2018 and now to more than EUR 8bn for 2019. In the last three years, PATRIZIA has signed around EUR 20bn in real estate transactions for its domestic and international clients of which the majority were acquisitions.
From the more than EUR 8bn of transactions signed in 2019, over half were outside Germany with the Nordics, France & Italy together contributing approximately a fifth of the total transaction volume and the rest generated from Ireland, the UK, Spain and Portugal.
Of the more than EUR 5bn in acquisitions signed by PATRIZIA in 2019, the commercial sector made up the largest segment, followed closely by residential (around EUR 1.5bn).
The volume of signed acquisitions for 2019 rose by more than 50% compared to 2018.
Among the approximately EUR 3bn signed disposals of last year, the commercial sector made up the largest single segment in terms of volume (over half).
Parts of the PATRIZIA transactions signed during Q4 2019 will close during Q1 2020.
Source : PATRIZIA AG