PATRIZIA strategically partners with WiredScore
Investment in leading rating scheme for digital connectivity paves the way for collaboration
- 15 office assets across PATRIZIA’s portfolio are already Wired Certified
- Following the investment in WiredScore, PATRIZIA has committed a further 23 office properties in Germany to be certified as part of the initial roll-out
- Best-in-class digital infrastructure is a strategic priority for future-proofing the portfolio
Augsburg, 15 October 2019. PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has made a strategic investment in WiredScore, the global rating scheme for digital connectivity across commercial and residential real estate.
Founded in 2013, the US based proptech is active in six countries across the globe and has already certified more than 1,800 properties. The certification empowers landlords to understand, improve and promote their buildings’ digital infrastructure. As an established and trusted benchmark, Wired Certification helps to attract and retain occupiers, enhance branding and therefore underpins values.
PATRIZIA has committed a significant German office portfolio comprising 23 assets totalling more than 250,000 sq m to Wired Certification. This follows the successful certification of 15 of PATRIZIA’s office assets, including 40 Grosvenor Place in London, HafenCity Gate and the Sprinkenhof in Hamburg. It is expected that PATRIZIA will have certified almost 40 properties with an overall lettable area of approximately 550,000 sq m by 2020.
Becoming part of PATRIZIA’s technological ecosystem, WiredScore will actively partner with PATRIZIA to develop products that meet the needs of the market and to grow its European footprint while expanding into other asset classes. PATRIZIA was also one of the first businesses to enrol in WiredScore Home, the newly developed residential property certification in the UK.
Dr. Manuel Käsbauer, Head of Technology & Innovation of PATRIZIA, commented: “PATRIZIA has worked closely with WiredScore since their entrance into the European market. As proactive investment managers, we regard connectivity as crucial to the performance of our portfolio by helping us attract and retain tenants. We are excited to make this investment as it will further solidify our collaborative relationship and help enhance the digital infrastructure of our partners and of the real estate industry.”
PATRIZIA AG has been active as an investment manager in the real estate market across Europe for more than 35 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 more than EUR 41 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
Head of Corporate Communications
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