Corporate | 14 January 2016 07:00
PATRIZIA Immobilien AG: PATRIZIA completes property transactions worth EUR 8.7 billion
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DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Miscellaneous
PATRIZIA completes property transactions worth EUR 8.7 billion
Augsburg, 14 January 2016. PATRIZIA Immobilien AG closed another extremely successful year in European investment markets in 2015. In total, the company completed or signed property transactions worth EUR 8.7 billion. This figure includes all acquisitions and sales of residential and commercial property carried out by PATRIZIA for its managed funds, co-investments and its principal investments. In 2015, the transaction volume more than doubled compared to 2014 (EUR 4.1 billion). Residential and commercial properties were acquired throughout Europe with a value of around EUR 4.4 billion. These acquisitions were carried out for a variety of investment vehicles managed by PATRIZIA (2014: EUR 3.4 billion). PATRIZIA successfully expanded its investment activities outside of Germany: the value of international acquisitions increased by almost 50 per cent to around EUR 2.7 billion in 2015 (2014: EUR 1.8 billion). “We have again successfully proven our ability to identify and transact on off-market acquisitions throughout Europe. In addition we raised around 1.5 billion euros of capital from institutional investors and around a third of that was outside of Germany”, states Wolfgang Egger, CEO of PATRIZIA Immobilien AG. Around 200 savings banks, cooperative banks, pension fund institutions, insurance companies and sovereign wealth funds invest through PATRIZIA throughout Europe. In 2015, PATRIZIA sold residential and commercial property assets worth around EUR 4.3 billion (2014: EUR 0.7 billion). These disposals were dominated by several large transactions. For example in June, Süddeutsche Wohnen GmbH was sold with just under 20,000 flats for around EUR 1.9 billion. In November, a portfolio with 13,500 flats was sold on for approximately EUR 1.1 billion. In Germany, PATRIZIA successfully completed or signed acquisitions of approximately EUR 1.8 billion (2014: EUR 1.6 billion). Acquisitions included several retail property portfolios totalling around EUR 750 million. The most important markets outside of Germany are the United Kingdom, the Nordic countries, the Netherlands and France. Acquisitions and sales of EUR 1.4 billion were carried out in Scandinavia alone. The total value of transactions in the UK amounted to EUR 940 million. This included an acquisition for a Taiwanese investor of the building accommodating the famous Madame Tussauds waxworks in London. Property transactions in the Netherlands total EUR 450 million and in France and Belgium EUR 200 million.
PATRIZIA Immobilien AG:
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2016-01-14 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | PATRIZIA Immobilien AG | |
| Fuggerstraße 26 | ||
| 86150 Augsburg | ||
| Germany | ||
| Phone: | +49 (0)821 – 509 10-000 | |
| Fax: | +49 (0)821 – 509 10-999 | |
| E-mail: | investor.relations@patrizia.ag | |
| Internet: | www.patrizia.ag | |
| ISIN: | DE000PAT1AG3 | |
| WKN: | PAT1AG | |
| Indices: | SDAX | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart | |
| End of News | DGAP News Service |