PATRIZIA makes strategic hire for sustainability and impact investing

PATRIZIA SE has appointed Mathieu Elshout to the newly created position of Head of Sustainability and Impact Investing, strengthening the development of new impact fund products.

  • Mathieu Elshout joins 1 March in new role as Head of Sustainability and Impact Investing
  • Elshout brings broad RE expertise to PATRIZIA including a long track record of investing in a sustainable and impactful way
  • Hire further strengthens PATRIZIA’s commitment to build communities and sustainable futures

Augsburg / London, 27 January 2021.PATRIZIA SE, a leading partner for global real assets, has appointed Mathieu Elshout to the newly created position of Head of Sustainability and Impact Investing, in a strategic hiring move that strengthens the development of new impact fund products and further drives the integration of sustainability into the company’s core investment processes.

Mr Elshout will join PATRIZIA from PGGM Investments on 1 March 2021 where he last held the position of Senior Director Real Estate EMEA responsible for pan-European investments. In addition, he was responsible for delivering high sustainability performance across the private real estate portfolio of PGGM. He will report to Edmund Craston, Head of Fund Management at PATRIZIA. Mathieu Elshout brings over 20 years of professional experience in the real estate investment industry to the table, including more than 12 years at PGGM Investments. Beyond his sustainability track record, he has comprehensive expertise in pan-European transactions and asset management across all sectors, risk profiles and diverse fund structures.

Anne Kavanagh, member of the Management Board and Chief Investment Officer at PATRIZIA, said: “I am thrilled to welcome Mathieu to PATRIZIA’s Senior Leadership Team into an absolutely pivotal new business role to ensure that sustainability is always front and centre of all our investment processes. Our clients increasingly demand investments that generate measurable positive social and environmental impact besides solid financial returns. Mathieu will have overall responsibility for sustainable and impact fund strategies that will become a cornerstone of our company-wide investment focus.”

“I am very much looking forward to joining PATRIZIA at such an exciting time when sustainability and making an impact becomes so central to the business. With my track record in sustainable real estate investing and having served on the Board of GRESB as a non-executive Director, as well Chair of INREV’s Sustainability Committee and ULI’s Sustainability Product Council, I am really excited to help PATRIZIA deliver on its purpose of building communities and sustainable futures,” Mathieu Elshout added.

Based initially in his home country, the Netherlands, Mr Elshout will be working very closely with Zurich-based, Aaron Scott, PATRIZIA’s Head of Strategy and ESG, and his team to ensure close alignment of impact fund management to PATRIZIA’s overall corporate ESG strategy and planning.


PATRIZIA: A leading partner for global real assets

As a company with operations around the world, PATRIZIA has been offering investment opportunities in real estate and infrastructure assets for institutional, semi-professional and private investors for 36 years. PATRIZIA manages more than EUR 46 billion in assets and employs over 800 professionals at 24 locations worldwide. Through its PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped over 220,000 children in need worldwide over the last 20 years. You can find further information at

Greg Morsbach                                               
Corporate Communications
Phone: +44 7889 995 604