PATRIZIA AG, a leading partner for global real assets, signed around EUR 7.6bn in transactions in FY 2021, of which around two-thirds were acquisitions. With this latest volume, PATRIZIA has increased its signed transactions by around 25% compared to FY 2020 (ca. EUR 6bn) and since 2016 has transacted around EUR 43bn.
In 2021, the leading sector was residential with ca. EUR 3.3bn followed by offices with ca. EUR 1.7bn and another EUR 1bn in industrial/ logistics. In terms of disposals, the main volume came from food-anchored retail, having recycled close to EUR 1bn of capital with record breaking yields.
The ca. EUR 7.6bn signed transactions for FY2021 are evidence of PATRIZIA’s ability to execute on conviction-based strategies even in a rapidly changing market environment. This continues to position the company as one of the top deal makers among independent real asset investment managers.
Philipp Schaper, European CIO at PATRIZIA, said: “Despite further waves of the Covid-19 pandemic resulting in a second year of challenging market conditions, the PATRIZIA transactions team was able to source and sign over 150 transactions in Europe, always with ESG targets front of mind. Our strong transaction track record is testament to the hard work of the whole PATRIZIA real estate group, especially our experienced local teams on the ground across our 26 offices worldwide.
Of the transaction volume that was signed in 2021, a significant proportion of around 15% came from the UK and BeNeLux respectively. The Nordics region had a record year due to increased investment activity, especially in Finland and Sweden.
Source : PATRIZIA