Patrizia Immobilien : sells the Pantheon portfolio
August 29, 2018 at 09:17 am IST
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Augsburg/Frankfurt, 29 August 2018. PATRIZIA Immobilien AG has sold the Pantheon portfolio to the Swedish real estate company Hemsö Fastighets AB. It is part of the former Leo II portfolio and includes four civic buildings in Hessen with a total area of approximately 22,000 square metres. They are primarily used by state institutions such as the police and are leased long-term to the state of Hessen. The sales price was in the double-digit million euros range.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 30 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 almost EUR 40 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.
Contact:
Andreas Menke
Group Head of Corporate Communications
Tel.: +49 (0) 821 5 09 10-6 55
press(at)patrizia.ag
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Patrizia Immobilien AG published this content on 29 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 August 2018 03:46:03 UTC
Patrizia SE, formerly Patrizia AG, is a Germany-based company that operates as an investment manager in the real estate market. The Companyâs business activities include the acquisition, management, repositioning, and disposal of residential and commercial real estate, real assets funds, bespoke account solutions, and Global Partner Solutions, through its own licensed investment platforms. It provides institutional, semi-professional, and private investors with direct and indirect real estate investments across European countries for 39 years. It also manages real estate assets, primarily as a portfolio manager and selectively as a co-investor for insurance companies, pension fund institutions, sovereign funds, savings, and cooperative banks, and operates in 28 locations. It also manages special funds for national and international real estate Investors. The key clients are institution firms, pension funds, insurance firms, and savings banks in Europe, Asia, and the United states.