2012-05-15: PATRIZIA opens new Office in London

James Muir previously worked at JP Morgan, where he advised companies and investors active in the real estate sector across Europe, the Middle East and Africa for twelve years, first as an equity research analyst, and for the last seven years as an investment banker. During this time, he specialized on real estate capital markets and M & A transactions, including PATRIZIA’s IPO in 2006.

2012-01-17: PATRIZIA acquires 1,000 Units for its WohnModul I

The 986 apartments and three commercial units are in the Bogenhausen district of Munich and Germering. The purchase was made in the context of a co-investment, "WohnModul I", in which a German pension fund is participating alongside PATRIZIA. The investment volume totals EUR 140 million.

2012-01-12: Günter Loder is new Managing Director of PATRIZIA Wohnen GmbH

Günter Loder (50) was appointed as the new Managing Director of PATRIZIA Wohnen GmbH as of January 1, 2012, where he is responsible for the Residential Property Resale line. He succeeds Werner Gorny and will manage the segment together with him until June 30, 2012. At this date, Werner Gorny will step down from the management for age-related reasons, meaning that the management will then consist of the two Managing Directors Günter Loder (Residential Property Resale) and Dr. Pamela Hoerr (Asset Management).

2011-10-19: PATRIZIA GewerbeInvest leases 10,000 m² in Paris-Charenton le Pont

PATRIZIA GewerbeInvest KAG concluded a rental agreement for 10,000 m² with Natixis AG at the end of September 2011. Natixis, the investment bank of the French savings banks (Caisse d’Epargne) and cooperative banks (Banques Populaires), is therefore extending its rental agreement for a further nine years.

2011-09-21: PATRIZIA WohnInvest KAG acquires residential facility in Copenhagen

Via its subsidiary PATRIZIA WohnInvest Kapitalanlagegesellschaft mbH (KAG), PATRIZIA has acquired a residential facility in the Danish capital for the Euro City Residential Fund I. The investment volume amounts to around EUR 50 million.

2011-09-13: PATRIZIA purchases 576 apartments for EUR 126 million

This year, PATRIZIA has continued its investment strategy for its real estate special funds and for the third-party mandates it manages. In total, 567 apartments were acquired with a total residential space of 55,000 square meters. The total investment volume for the properties, located in Berlin/Potsdam, Bremen, Hannover and Hamburg, amounts to EUR 126 million.

2011-09-07: PATRIZIA GewerbeInvest KAG acquires office building in Eindhoven

PATRIZIA GewerbeInvest KAG acquired the Stadskantoor office building in Eindhoven, the Netherlands, at the end of August 2011. The property, which is situated in the city center and has been fully modernized and brought into line with up-to-date energy standards, was purchased for the LB Büro-Invest Europa I special fund. 

2011-06-29: PATRIZIA extends contract with CEO Wolfgang Egger

The Supervisory Board of PATRIZIA Immobilien AG has resolved unanimously to extend the Managing Board contract of CEO Wolfgang Egger by another five years until June 30, 2016.

2011-02-08: PATRIZIA innovation sets new standards in customer service

The electronic apartment configurator displays the various furnishing variants directly on the screen thus bridging the gap between imagination and reality.

2011-01-12: Cornelius Hell is new Managing Director of PATRIZIA Immobilien Kapitalanlagegesellschaft (KAG)

Mr. Cornelius Hell has been an integral component of PATRIZIA Immobilien KAG since it was founded in 2007. He has long-standing expertise in the area of open and closed funds.

2010-10-21: PATRIZIA sells Isartor-Palais new building project

The distinctive oriel and impressive facade structure dominate the appearance of the new PATRIZIA building Isartor-Palais in Munich.

2010-10-13: PATRIZIA starts the sale of Frankfurt villas called "VERO"

One's own gardens, generously-sized terraces and roof terraces are as much a part of VERO as the sophisticated, flexible living concept. 

2010-10-05: PATRIZIA New Development Project Receives DGNB Award in Gold

The PATRIZIA new construction project is one of the first residential buildings in Germany to receive DGNB precerification in gold.

2010-09-28: Dr. Pamela Hoerr appointed new Managing Director at PATRIZIA  

Dr. Pamela Hoerr, MRICS, will become the new Managing Director of PATRIZIA Wohnen GmbH with responsibility for Asset Management with effect from January 1, 2011.

2010-08-18: Cornelius Hell New General Manager of PATRIZIA Kapitalanlagegesellschaft (KAG)

Cornelius Hell New General Manager of PATRIZIA Kapitalanlagegesellschaft (KAG).

2010-07-14: PATRIZIA participating in DGNB Pilot Project "New Residential Construction"

The PATRIZIA Projektentwicklung is participating with its new "F 40" development in Frankfurt in the DGNB pilot project "New Residential Construction".

2010-07-07: PATRIZIA sells all Casa Verde apartments ahead of schedule

PATRIZIA has sold all eleven apartments of its new Casa Verde in Nymphenburg, Munich, ahead of schedule. The construction project was started in October 2009. All apartments were sold as early as the buildings shell phase. Completion is planned for fall 2010.

2010-06-22: PATRIZIA is the first non-Scandinavian residential real estate

PATRIZIA Euro City Residential Fund I invests exclusively in existing residential real estate. The portfolio now acquired comprises 113 apartment units in the Finnish metropolitan area of Helsinki. The apartments purchased were all built in the mid-1990s. The average size of the apartments is 57 to 63 sqm.

2010-01-20: PATRIZIA launches transfer fund via its asset management company (KAG)

PATRIZIA Immobilien AG has launched a transfer fund with a volume of over EUR 180 million via its subsidiary PATRIZIA Kapitalanlagegesellschaft (KAG), founded in 2007. The fund assets comprise the real estate portfolios of VPV Lebensversicherungs-AG, which is contributing a total of 39 properties with floor space of around 148,000 sqm.

2009-12-15: PATRIZIA invests EUR 20 million in Ludwigsfeld settlement

The Ludwigsfeld settlement in the north of Munich comprising 679 apartment units can now be rapidly brought up to date by means of large-scale renovation and modernization works.

2009-11-18: Private investors favor PATRIZIA apartments: Four residential property resales successfully concluded

Private investors privilege PATRIZIA apartments. In September 2009 four residential property resales were successfully concluded in Munich. For example, all 33 apartments in the residential properties located in Georgenstraße (Maxvorstadt) were privatized before the end of the scheduled sale period.

2009-11-11: PATRIZIA creates a visual highlight with winter façade illumination at the “Altmarktkarree" in Dresden

Highlight right at the Dresden Striezelmarkt: for the second time, PATRIZIA has installed the impressive winter façade illumination with around 70,000 LED lights at the “Altmarktkarree”.

2009-11-02: Half of the PATRIZIA Isartor-Palais complex in Munich already let out

The Isartor-Palais is being constructed on a plot of around 900 sqm in Munich’s old city and will comprise around 470 sqm of shop space, approximately 1,400 sqm of office space and 15 residential units with living space of between around 50 and 270 sqm. Around half of what amounts to around 4,000 sqm has already been let out.

2009-09-16: PATRIZIA presents Report on the European Residential Market

The residential rental markets in Sweden, Denmark, France and Germany offer above-average attractiveness for residential real estate investments by institutional investors. That is the upshot of the report on the European residential property market drawn up by PATRIZIA.

2009-07-27:  PATRIZIA lays the foundation for the Isartor-Palais in Munich

In the presence of the head of the Munich Department of Municipal Affairs, Gabriele Friderich (middle), PATRIZIA Management Board Member, Klaus Schmitt (right) and David Christmann, Area Manager of PATRIZIA Projektentwicklung, formally laid the foundation for the new development project Isartor-Palais. The Isartor-Palais is to be constructed on a plot of around 900 sqm in Munich’s old city and will comprise around 470 sqm of shop space, approximately 1,400 sqm of office space and 15 residential units with living space of between 50 sqm and 250 sqm.

2009-07-16:  PATRIZIA Immobilien KAG continues its investment strategy

PATRIZIA KAG has acquired several hundred of apartments with a total investment volume of almost EUR 60 millions for its specialized funds. The apartments, which were completed 12 to 24 months ago, are in an outstanding condition and are located in a popular residential district of a metropolitan area in Germany.

2009-05-19: PATRIZIA Immobilien KAG buys 208 residential units for its German specialized fund

PATRIZIA’s German Residential Fund I invests exclusively in German residential real estate. The most recent purchase has been a portfolio with a total of 208 apartments. The total residential space of the apartments, situated in the areas of Hamburg and Hanover, covers almost 16,000 sqm. For the PATRIZIA KAG, these purchases represent an investment of around EUR 200 million in its specialized fund and means that the Company now manages a total of around 2,000 apartments.

2009-04-20: Construction of PATRIZIA’s new Isartor-Palais development in Munich’s old city to start in May

The mixed-use building is to be constructed on a plot of around 900 sqm in close proximity to Munich’s Viktualienmarkt. The architecture of the Isartor-Palais is strongly influenced by the townhouses of the 19th century and the development project therefore harmonizes extremely well with the surrounding listed buildings on an optical level, while also closing one of the last vacant spaces on Munich’s Altstadtringund left by World War II, thus significantly enhancing its value once again.

2009-03-25: PATRIZIA affirms its position in a difficult market environment

• Resale figures increased by 146% to 1,198 residential and commercial units (previous year: 487)
• Operating earnings ratios improved - adjusted EBIT by 55.3% to EUR 64.5 million and adjusted EBT by EUR 13.3 million to EUR 0.8 million
• No value adjustments to the market value of the real estate portfolio
• Key earnings figures in accordance with IFRS significantly impacted by market valuation of interest rate hedging transactions (EUR -32.8 million)
• Upcoming bank loans requiring refinancing extended by further 2 years
• Financial profile improved - available liquidity up 25.7% to EUR 67.9 million and bank loans down by EUR 100 million 

2009-01-14: PATRIZIA sponsors IRE|BS Professorship-in-Residence for the Real Estate Market

PATRIZIA Immobilien AG is financing a W3 professorship-in-residence for the real estate market at the IRE|BS International Real Estate Business School at the University of Regensburg for three years. The professorship-in-residence will be responsible for the area of real estate business with a focus on real estate investment management in terms of portfolio, asset, fund and facility management in the relevant areas of the Faculty of Business, Economics and Information Systems’ bachelor and master’s courses. The IRE|BS International Real Estate Business School is a part of the Faculty of Business, Economics and Information Systems at the University of Regensburg and comprises the IRE|BS Institut für Immobilienwirtschaft (IRE|BS Institute for the Real Estate Market) and the IRE|BS Immobilienakademie (IRE|BS Real Estate Academy).

2008-12-10: PATRIZIA Immobilien KAG purchases 1,018 apartments in Sweden for its special fund "Euro City Residential Fund I"

"PATRIZIA Euro City Residential Fund I" invests solely in existing residential real estate. The portfolio now purchased includes 1,018 residential units in the Swedish capital Stockholm. The apartments consisting of one to five rooms are spread over 68 buildings. The average apartment size is approximately 80 sqm.

2008-11-14: PATRIZIA lays the foundations for the expansion of company headquarters

Wolfgang Egger (right) lays the foundation for the expansion of the new PATRIZIA headquarters accompanied by „Elias Holl“, Augsburgs famous builder.

2008-11-11: Report on Q3 2008
PATRIZIA generates earnings before tax of EUR 9.2 million

Following completion of the renovation work, the Dresden Altmarktkarree I asset repositioning property with a total of 318 residential units and 39 commercial units were sold in September 2008. PATRIZIA acquired the large ensemble of around 38,000 sqm in Dresden’s best central location from the city of Dresden at the end of 2005.

2008-11-07: The new PATRIZIA KinderHaus in Hamburg

PATRIZIA KinderHaus and SeeYou offer families with critically ill children unique help to help themselves at Wilhelmstift Children’s Hospital in Hamburg.

2008-10-31: Inauguration of PATRIZIA KinderHaus in Rwanda

Dr. Rupert Neudeck, Founder of the Green helmets, (right), Alfred Hoschek, honorary treasurer of the PATRIZIA KinderHaus Foundation with two students.

2008-09-09: PATRIZIA sells two asset repositioning projects with a total of 381 residential and commercial units - Sales proceeds: EUR 78.5 million

The Altmarktkarree 1 Asset Repositioning project comprises 318 residential and 39 commercial units and can be found in a top-quality downtown Dresden location.

2008-09-03: Dr. Marcus Cieleback becomes new Head of Research at PATRIZIA

As of October 1, 2008, Dr. Marcus Cieleback will become Head of Research at PATRIZIA Immobilien AG.

2008-04-15: PATRIZIA KinderHaus foundation and the Grünhelme (Green Helmets) launch aid project in Rwanda

2008-04-02: PATRIZIA 2007 - A Year of Strategic Advancement

PATRIZIA presented its annual financial statements at the Press Conference on the Financial Statements in Munich.

2008-03-14: MIPIM Award for PATRIZIA Project in Hamburg

Jürgen Kolper, Director of PATRIZIA Projektentwicklung, expresses delight at the award. Developed by PATRIZIA, the Wasserturm-Hotel in the Schanzenpark in Hamburg won the coveted “Real Estate Oscar” in the Hotels and Leisure Facilities category.

2008-02-13: PATRIZIA appoints Arwed Fischer as CFO

Arwed Fischer (55) is the new chief financial officer of PATRIZIA Immobilien AG.