- Signed transaction volume up ca. 25% on FY 2020
- Around two-thirds of transactions signed in 2021 were acquisitions
- With over 150 transactions signed last year, thanks to our local expertise and network, PATRIZIA remains a strong and reliable partner
- Investment focus for 2022 includes amongst others: living, healthcare and urban logistics, as attractive opportunities for best risk adjusted returns
Augsburg / London, 7 February 2022.PATRIZIA SE, a leading partner for global real assets, signed around EUR 7.6bn1 in transactions in FY 2021, of which around two-thirds were acquisitions. With this latest volume, PATRIZIA has increased its signed transactions by around 25% compared to FY 2020 (ca. EUR 6bn) and since 2016 has transacted around EUR 43bn.
In 2021, the leading sector was residential with ca. EUR 3.3bn followed by offices with ca. EUR 1.7bn and another EUR 1bn in industrial/ logistics. In terms of disposals, the main volume came from food-anchored retail, having recycled close to EUR 1bn of capital with record breaking yields.
The ca. EUR 7.6bn signed transactions for FY2021 are evidence of PATRIZIA’s ability to execute on conviction-based strategies even in a rapidly changing market environment. This continues to position the company as one of the top deal makers among independent real asset investment managers.
Philipp Schaper, European CIO at PATRIZIA, said: “Despite further waves of the Covid-19 pandemic resulting in a second year of challenging market conditions, the PATRIZIA transactions team was able to source and sign over 150 transactions in Europe, always with ESG targets front of mind. Our strong transaction track record is testament to the hard work of the whole PATRIZIA real estate group, especially our experienced local teams on the ground across our 26 offices worldwide. Most importantly, we would like to thank all our stakeholders, including our clients, business partners and service providers, for their renewed confidence and trust in us as a reliable partner.”
Of the transaction volume that was signed in 2021, a significant proportion of around 15% came from the UK and BeNeLux respectively. The Nordics region had a record year due to increased investment activity, especially in Finland and Sweden.
Schaper added: “As a forward-thinking investment manager hunting for attractive, risk-adjusted returns for our clients, this year we are taking a closer look at urban logistics, especially last mile and last hour. Equally appealing for clients who appreciate the best risk-adjusted returns, scalability and diversification potential, are healthcare and living. We see a lot of potential in backing new forms of living outside mainstream residential such as student accommodation, senior living and co-living.”
PATRIZIA’s preliminary financial results release for FY 2021 will be made available on 24 February 2022.
PATRIZIA: A leading partner for global real assets
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 38 years. PATRIZIA manages more than 50 billion in assets and employs over 900 professionals at 26 locations worldwide. Through its PATRIZIA Foundation, the company is committed to social responsibility. The Foundation has helped over 250,000 children in need worldwide gain access to education and thus, has given them the chance of a better life over the last 22 years. You can find further information at www.patrizia.ag
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1 The above-mentioned signed transaction volume figure for FY 2021 may be higher than the figure released in the upcoming preliminary financial results of 24 February 2022. This is due to the fact that the figure used in this release includes the total investment costs regarding acquisitions (which in case of project developments includes the price at completion) and not only the purchase price of the assets in FY 2021.