Purchase Criteria

PATRIZIA is continuously searching for high quality properties to expand the real estate portfolios of our clients. We are interested in all asset and risk classes across Western Europe.

Our large number of institutional clients means that our investment strategies are flexible. We are happy to consider properties that deviate from our purchase criteria if there is particular potential for us to provide added value. We also revitalise real estate, upgrade locations and, thus, create flexible solutions for our customers.

PATRIZIA offers fast and uncomplicated processing for brokers and owners across Europe.

Do you have properties that fit into our purchase profile? We look forward to your contact.

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Asset under Management

Discover some of our lighthouse assets within our diverse property portfolio. Our assets are diversified by sector, geographical area and risk style. We currently operate in 24 countries worldwide, managing 312 properties spanning a 1.283.399 sqm.

Office

The office properties we acquire, develop and manage stand in a variety of European cities. From flagship city-centre assets in leading financial districts, to modern office blocks in docklands, established office complexes in business parks and architectural highlights in central business districts – the long-term leases of our tenants offer reliable returns fuelled by strong income flows.


Project Name

FOZ


Location

Amsterdam


Description

Landmark office building located in the heart of Amsterda's South Axis district


Strategy

Core



Lettable area

12,722 sqm


Closing

2017


Portfolio

PanEuropean


Volume

undisclosed



Project Name

SERRANO 90


Location

Madrid


Description

Prime office building within Madrid’s CBD. The asset has been fully refurbished between 2017 and 2019 when it was let on a multitenant basis.


Strategy

Core+



Lettable area

6,041 sqm


Closing

2002


Portfolio

RED FUNDS


Volume

90m €



Project Name

South Docks


Location

Dublin 2


Description

Modern office block located in the South Docks, Dublin 2. Excellent location, in a strong occupational market. Grade A specifications suitable for standard corporates and serviced office occupiers.


Strategy

Core



Lettable area

3,185 sqm


Closing

2019


Portfolio

Real Estate Value Fund


Volume

36m €



Project Name

Lammet 17


Location

Stockholm


Description

Multi let office building in the center of Stockholm. Acquired in 2017, redeveloped and created a new attractive entrance. 


Strategy

Core+



Lettable area

6,700 sqm


Closing

2017


Portfolio

Separate account


Volume

53m €



Project Name

Via del Villini


Location

Rome


Description

Acquisition of an office asset in Rome. It was completely refurbished in 2016. It is the headquarter of the Navarra Group, an Italian company in the construction field.


Strategy

Core



Lettable area

1,836 sqm


Closing

2019


Portfolio

Barmenia Immobilien-Fonds


Volume

15m €



Project Name

Via Bernina


Location

Milan


Description

Acquisition of an office asset located in the Maciachini District, a zone with a high potential in the North of Milan.


Strategy

Value add



Lettable area

10,911 sqm


Closing

2019


Portfolio

European Fund-OIK


Volume

43m €



Project Name

Palazzo Montedoria


Location

Milan


Description

Acquisition of an office asset designed by the famous architect Gio Ponti, located just a few minutes walking distance from Stazione Centrale in Milan CBD.


Strategy

Core



Lettable area

6,205 sqm


Closing

2018


Portfolio

Europa Wohnen I


Volume

37m €



Project Name

Franken


Location

The Hague


Description

Office portfolio of 9 attached buildings in the embassy district of The Hague, to be fully redeveloped into modern, high quality office space with new amenities and plenty of character.


Strategy

Value add



Lettable area

8,500 sqm


Closing

2019


Portfolio

WohnModul II


Volume

undisclosed


Retail

Our retail investments range from US-style greenfield shopping parks to key assets used by leading supermarket chains and high-profile city-centre locations occupied by leading global brands. In the long term, our aim in this sector is to generate stable long-term cash flows by optimising leasing arrangements, aligning rental terms and improving usage concepts. Some retail properties also form part of mixed-use assets combined with office and residential units.


Project Name

Stockholm Quality Outlet


Location

Stockholm


Description

Strong retail area anchored by Stockholm Quality outlet and IKEA. Acquired in 2011, expanded in 2017 with 4,500 sqm outlet shopping.


Strategy

Core


Lettable area

37,300 sqm


Closing

2011


Portfolio

Separate account


Volume

125m €



Project Name

Piazza CLN Turin


Location

Turin


Description

Acquisition of a mixed-used retail and office asset located in Torino city centre, occupying an entire block between Via Roma, Piazza CLN, Via Gobbetti and Via Cavour.


Strategy

Core



Lettable area

13,004 sqm


Closing

2019


Portfolio

Europa Wohnen I


Volume

55m €



Project Name

PRECIADOS 4


Location

Madrid


Description

High-street reatil unit located in the heart of calle Preciados in Madrid, historically been the primest retail area in town. The whole building is let to Sfera, part of El Corte Inglés group.


Strategy

Core



Lettable area

2,585 sqm


Closing

2015


Portfolio

JV Barmenia & CEFI


Volume

100m €



Project Name

La Grande Récré


Location

Paris


Description

Acquisition of a mixed-use retail and office asset in the highly prominent area of Gare Saint-Lazare (2nd busiest train station in Paris), the northern part of Paris CBD.


Strategy

Value add



Lettable area

2,634 sqm


Closing

2019


Portfolio

TEP VII


Volume

43m €


Residential

Our extensive portfolio of assets in the private rented sector (PRS) makes us one of the largest managers of residential property funds in Europe. As well as prime refurbished apartments in capital cities, we also manage high-quality build-to-rent investments in booming city centres, residential real estate in suburbs offering added extras such as landscaped gardens, childcare centres and sports facilities, plus a diversity of assets in other interesting sectors such as student accommodation and micro-living assets.


Project Name

Seaside


Location

Helsinki


Description

Seaside brick building with character location in the middle of Helsinki city center. Fully let with mixed use of office, residential and restaurants.


Strategy

Core



Lettable area

6,898 sqm


Closing

2017


Portfolio

Separate account


Volume

40m €



Project Name

SERRANO 7


Location

Madrid


Description

Prime residential property within Calle Serrano in Madrid. Acquired back in 2014. The asset was fully refurbished, we increased massing and added 2 extra floors before it was sold on a unit by unit basis.


Strategy

Value add



Lettable area

5,500 sqm


Closing

2014


Portfolio

TEP V


Volume

24m€ + 15m€ of capex



Project Name

Unicorn


Location

Copenhagen


Description

Swiss cheese privatisation portfolio in Copenhagen and greater Copenhagen.



Lettable area

22,584 sqm


Closing

H1 2019


Portfolio

Separate account


Volume

94m € 



Project Name

Project 130


Location

Copenhagen


Description

Forward funding high-end Resi property in Copenhagen close to both the inner city and the Beach with takeover in the summer of 2020.



Lettable area

8,640 sqm


Closing

H1 2019


Portfolio

Separate account


Volume

48m € 



Project Name

Pontkade


Location

Amsterdam


Description

New development that forms part of the major regeneration of the historic shipyard area of Amsterdam Noord.


Strategy

Core



Lettable area

7,764 sqm


Closing

2020


Portfolio

PATRIZIA GrundInvest 


Volume

undisclosed



Project Name

Project B


Location

Copenhagen


Description

Forward commitment residential property in Copenhagen close to both the inner city and the canals



Lettable area

6,664 sqm


Closing

2019


Portfolio

Separate account


Volume

35m €



Project Name

Portfolio Akelius


Location

Munich & Hamburg


Description

Residential portfolio with locations in Munich and Hamburg. 36 buildings, 94% rented and in very good condition. Low commercial share (2%, 13 properties).


Strategy

Core



Lettable area

87,364 sqm


Closing

2019


Portfolio

WohnM II


Volume

450m€


Hotel

Our aim at PATRIZIA is to play a central role in actively managing full-service hotel property funds and developing the potential of assets in the long term. While some properties were converted from office buildings into luxury hotels, other hotel purchases form part of established funds offering strong geographical diversification, a broad base of hotel operators and attractive leasehold agreements delivering reliable long-term returns.


Project Name

Tagus


Location

Lisbon


Description

Office building within the heart of Lisbon acquired to be fully reconverted into a luxury hotel.


Strategy

Value add



Lettable area

6,156 sqm


Closing

2019


Portfolio

 HPV


Volume

28.5m € 



Project Name

B&B portfolio


Location

Different locations based in Germany


Description

Portfolio acquisition consisting of 11 modern hotel properties in central locations in some of the strongest hotel markets in Germany (including Munich, Hamburg, Stuttgart). 


Strategy

Value add



Lettable area

25,187 sqm


Closing

2020


Portfolio

PATRIZIA Hotel-Invest Deutschland I


Volume

undisclosed


Care

Demographic developments in Europe are fuelling a care crisis that can only be managed by providing more healthcare facilities and homes for the ageing population. PATRIZIA manages a growing number of investments in the booming sector for healthcare assets, nursing homes and assisted-living properties. As well as offering diversity, our care real estate funds deliver sound returns from new-build and state-of-the-art properties.


Project Name

FUTURA II


Location

Several locations based in Germany


Description

FUTURA II is a Health Care Portfolio acquired in 2020, consisting of several projected houses
and an existing property.


Strategy

Core



Lettable area

38,104 sqm


Closing

2020 - 2022


Portfolio

PATRIZIA Social Care Fund III


Volume

confidential



Project Name

Care home „carpe diem Senioren Park Velbert“


Location

North Rhine-Westphalia, Germany


Description

The care home has 78 fully inpatient care places in 52 single rooms and 13 double rooms, which corresponds to a single room rate of 80%. The nursing home also has 13 day care places and an affiliated hotel with a total of 31 rooms.


Strategy

Core



Lettable area

5,027 sqm


Closing

2020


Portfolio

PATRIZIA Social Care Fund III


Volume

confidential


Logistics

PATRIZIA’s powerful local network has enabled us to develop a proven track record in spotting and executing strategic opportunities in the logistics sector. We offer a diversity of large-scale logistics property funds throughout Europe, from logistics buildings let to blue-chip international tenants in key corridors, to leading assets outside capital cities operated by global giants.


Project Name

LogChain


Location

LogChain, Rotterdam, Moerdijk & Bergen op Zoom


Description

High quality logistics portfolio across three logistics hotspots in the Netherlands, suitable for handling of hazardous goods, a rapidly growing market segment.


Strategy

Core



Lettable area

132,767 sqm


Closing

2019


Portfolio

 PLIE II


Volume

130.8m € 



Project Name

Verlaine Project across France


Location

France


Description

Disposal of a French logistics portfolio of 10 assets to real estate funds managed by Blackstone. Blackstone has engaged PATRIZIA France to continue to manage the portfolio on their behalf.



Lettable area

362,721 sqm


Closing

2019


Portfolio

 TEP VI


Volume

260m € 



Project Name

LOS GAVILANES


Location

Madrid


Description

Forward funding acquisition of a 60.000 s qm grade A logistics facility in the south of Madrid. Long lease signed with Amazon right after practical completion.


Strategy

Core+



Lettable area

29,193 sqm


Closing

2016


Portfolio

NPS II


Volume

86m € 


Further information on our purchase criteria can be found in the following PDF, which we have made available for download.

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