- PATRIZIA opens new Asia-Pacific (APAC) hub in Singapore to spearhead its investment strategy and growth ambition across the region
- New APAC hub underlines PATRIZIA’s ambition to double its assets under management (AUM) in APAC by 2027
- Concurrently, PATRIZIA has partnered with a major Asian institutional investor to invest up to c. EUR 1 billion in Japanese residential real estate
- Of the EUR 57 billion AUM that PATRIZIA manages globally for its clients, EUR 10 billion is for institutional clients who are based in APAC
Augsburg / Singapore, 21 November 2022. PATRIZIA, a leading partner for global real assets, will accelerate its growth in Asia-Pacific with the opening of its new APAC hub in Singapore. Located in Singapore’s central business district, the fully operational office and legal entity will serve as the platform to spearhead PATRIZIA’s real asset investment strategy and growth ambition in APAC, as part of its aim to double its AUM in the region by 2027.
PATRIZIA’s new APAC hub will be responsible for fund management and fund services, as well as hosting functions for capital raising and product development in the region. The new office expands PATRIZIA’s network of locations in APAC to seven, which includes offices in key cities such as Hong Kong, Tokyo, Seoul, Sydney, Canberra and Melbourne.
PATRIZIA now has more than 60 employees in the region across both real estate and infrastructure, with expertise spanning transactions, asset management, fund management, capital markets and investment solutions.
Globally, PATRIZIA manages EUR 10 billion AUM for its institutional clients who are based in APAC. It has a number of major long-standing investment partners in the region, from South Korea, Japan and Hong Kong to Singapore and Australia. PATRIZIA is among the top 10 infrastructure investors in APAC, and has a 25-year track record of investing in real assets in APAC across its real estate and infrastructure businesses.
Thomas Hirschvogel, Regional Head of APAC, PATRIZIA, said: “The APAC region is a core pillar of PATRIZIA’s international investment strategy and growth ambition to become a leading partner for global real assets. To reiterate PATRIZIA’s conviction in the region, we have grown from just two people in Hong Kong to 60 employees across APAC in under five years. With the launch of our new APAC hub in Singapore, we are entering an exciting new chapter in the region, underlining Asia’s importance in driving the future growth of PATRIZIA. This new hub will also enable us to stay even closer to our clients in these times of economic uncertainties.”
The opening of PATRIZIA’s new APAC hub coincides with the company’s announcement of a new partnership with a major Asian institutional investor to invest up to c. EUR 1 billion in Japanese real estate. With the fresh firepower, PATRIZIA enters the next chapter of its growth journey and commitment to Japan, where its mid-term ambition is to grow its AUM to EUR 2 billion by 2027.
The dedicated fund, in which PATRIZIA will co-invest, will target residential assets in Tokyo, the world’s largest metropolitan area, as well as other major cities and metropolitan areas across Japan. The investment strategy will focus on core plus and value-add opportunities in the multi-family sector, while an active asset management strategy on the ground will drive value through the renovation of units, new exterior designs and effective operations.
Investor demand in APAC is underpinned by a strong real assets market and favourable macroeconomic trends. The APAC region continues to outperform North America and Europe in its pandemic recovery by the measure of cumulative real GDP growth since Q4 2019, while its acceleration towards the megatrends of urbanisation, decarbonisation, digitalisation and demographic changes is driving demand for private investment in real assets.
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 EUR 57 billion in assets and employs over 1,000 professionals at 28 locations worldwide. Through its PATRIZIA Foundation, PATRIZIA is committed to social responsibility. The Foundation has helped around 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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