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Acquisition and Management of the PATRIZIA Cloud 9 Office Portfolio

Type of Transaction: Portfoliodeals
Strategy: Core
Geographic Focus: The properties are located in the CBDs of Hamburg, Munich, Stuttgart, Frankfurt, Hanover and Dusseldorf
Transaction Volume: Purchase price of around €400m
Management Approach:

  • High-return, top-quality portfolio featuring a total of 99,402 sqm of rental space and 599 parking spaces (occupancy rate: 94%)
  • 180 tenants in total
  • 25% of rental income generated by well-known, strong covenant tenants
  • Complex due diligence (legal, technical and financial) in a very ambitious timeframe

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