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PATRIZIA launches its ninth and tenth private investor funds

Through its subsidiary PATRIZIA GrundInvest, PATRIZIA Immobilien AG is further expanding its range of real estate private investor funds and encountering strong demand from investors.

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PATRIZIA further expands its retail investor business

  • PATRIZIA GrundInvest Frankfurt Smart Living comprising 221 micro-apartments in the Rhine-Main region to launch shortly
  • PATRIZIA GrundInvest Frankfurt/Hofheim comprising a local convenience shopping centre has started the placement process
  • Strong demand: PATRIZIA GrundInvest Garmisch-Partenkirchen almost fully placed after just two months

Augsburg, 19th July 2018. Through its subsidiary PATRIZIA GrundInvest, PATRIZIA Immobilien AG is further expanding its range of real estate private investor funds and encountering strong demand from investors. Some three years after starting its business for retail investors, the investment manager for European real estate is launching its tenth private investor fund, PATRIZIA GrundInvest Smart Living Frankfurt.

Since the beginning of July, investors can in addition invest in the new PATRIZIA GrundInvest Frankfurt/Hofheim. PATRIZIA's concept of offering private and (semi-)professional investors real estate investments with an expected annual pre-tax payout of four to five percent is paying off. Seven funds have already been fully placed. In addition, PATRIZIA GrundInvest Garmisch-Partenkirchen, which was launched in April, has almost collected its target equity volume within just two months. In total, PATRIZIA has already invested in properties worth more than EUR 700 million for its private investor funds. 

"The expected annual yields of four to five percent before taxes are a strong argument, especially in this continuing low-interest-rate environment," says Andreas Heibrock, Managing Director of PATRIZIA GrundInvest. "So far, all our funds have reached or exceeded their projected annual yields. Payouts from the funds launched to far averaged 5.04 percent for 2017. This and the convincing usage concepts of our properties make our range of funds attractive not only for retail investors, but also for smaller foundations, pension funds, and family offices." 

Micro-apartments in metropolitan Frankfurt am Main

PATRIZIA GrundInvest Frankfurt Smart Living, which will soon be available, allows investors to invest in micro-housing concepts in an attractive location. The complex of 221 residential units comprising a rentable area of around 4,600 square meters is located in Frankfurt's Sachsenhausen district. Sachsenhausen is one of the most popular districts of the Main metropolis and has good transport connections to the city's main railway station and airport. The newly built residential complex consists of apartments of different sizes from 15 to 33 square meters. The fund is aiming for average annual yields of four percent before taxes and an investment period of ten years. "Frankfurt is one of Germany's fastest-growing metropolises. Its population is expected to grow 14.2 percent by 2030", explains Joachim Fritz, Managing Director of PATRIZIA GrundInvest. "At the same time, the share of single-person households is growing constantly, especially in business hubs like Frankfurt. We are therefore convinced that our new residential complex will match a long-term growing housing demand." Like for most of PATRIZIA's private investor funds, the minimum investment amount for the PATRIZIA GrundInvest Smart Living Frankfurt is just EUR 10,000.

Local shopping centre in Hofheim

PATRIZIA GrundInvest Frankfurt/Hofheim, a private investor fund investing in a local shopping centre in Hofheim, just outside Frankfurt, is now being placed. The property, which was completed in 2010, has been lent to a large number of tenants including Edeka, Lidl, Müller, H&M, Woolworth, Deichmann, etc. The remaining average lease term is around 7 years. An average annual pre-tax payout of 4.5 percent is targeted over the planned investment period of around ten years. "As a commuter town with excellent transport connections, Hofheim is an attractive retail location. The rental income is diversified thanks to the various tenants. This is a good basis for a stable investment," says Fritz.

The new private investor funds significantly expand PATRIZIA's product range. Further products are in preparation, e.g. for properties in Berlin and Mülheim for which contracts have already been signed. "The high demand and results seen in recent years confirm our approach. We will therefore keep expanding our product family, and have a well-filled product pipeline for this purpose," says Heibrock. 

Further information: https://www.patrizia-immobilienfonds.de

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
andreas.menke(at)patrizia.ag

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