- PATRIZIA France Transaction team has transacted over EUR 430 million this year alone
- Continuation of its growth story in the market with strong investment pipeline
Augsburg/Paris, 3 October 2019. PATRIZIA AG, the global partner for pan-European real estate investment, has named Lionel Nicolas as Country Manager France, in addition to his current position of Head of Transactions for PATRIZIA France and Italy.
Based at the company’s Paris office, Lionel, together with a team of highly skilled and experienced real estate professionals, has responsibility for PATRIZIA’s French operations. He already oversees all transactions in France and Italy, working closely with the PATRIZIA team in Milan.
PATRIZIA currently has an AUM EUR 1.5 billion in France across all asset classes and investment profiles from core to value add.
With over two decades of experience in the French real estate market, Lionel joined PATRIZIA in 2015. Since then he has been responsible for the acquisition and sales programme across the region. A law graduate of Panthéon-Assas University in Paris, Lionel was previously Managing Director of Cordea Savills France and has also held positions at Macquarie Bank and Grosvenor Continental Europe.
Klaus Schmitt, Chief Operating Officer at PATRIZIA, said: “Lionel’s appointment as our new Country Manager France on top of his existing role as Head of Transactions for France and Italy will allow us to continue to strengthen and grow our French and Italian platforms. France, in particular, has delivered not only a strong transaction volume to date this year but is also expected to perform moving forwards with a promising transaction pipeline for the near future. I am delighted that with Lionel now in this new dual role, we have appointed someone with an outstanding market experience and track record to lead the business in its next phase in the region.”
Since the beginning of 2019, PATRIZIA has transacted over EUR 430 million in France.
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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