PATRIZIA was founded by Wolfgang Egger in Augsburg in 1984. Over the years, the story of PATRIZIA has been shaped and written by a constant series of developments. In the early days, our focus lay in investing in residential property. As time went by, we developed into an investment manager operating in every corner of Germany, delivering a whole host of real estate investment services for a variety of institutional investors.
After a successful IPO in 2006, PATRIZIA expanded its horizons to other parts of Europe. We then established a presence in all key European property markets, setting up independent companies ‘on the ground’ in each country. These were staffed by local experts to form a pan-European network of real estate specialists. This powerful network managed roughly €9.0 billion of property transactions in 2019 alone, making PATRIZIA the second-biggest ‘deal-maker’ in Europe.
In 2016, we opened up our funds business to private investors. More than 5000 private investors have now placed equity in property through us, amounting to an investment volume of over €1 billion. Every private investor fund we have launched until now has either hit or exceeded targeted yields.
For some years now, PATRIZIA has also been placing investments in emerging technology. At first, we focused on taking stakes in proptech start-ups, but we soon shifted emphasis and starting making larger strategic investments in innovative technology firms such as EVANA, Cognotekt, control.IT and BrickVest. Our goal as a company is to drive digital transformation in the industry as a pioneer of innovation.
In 2018, PATRIZIA acquired Rockspring, Triuva and SPI, investment management companies that not only served to complement our business, but also built on our position as a global partner for pan-European real estate investments. With more than €46 billion of assets under management, PATRIZIA is now one of the leading addresses in the industry in Europe.
As an independent investment manager, PATRIZIA is still managed by its founder and owner and has a client base of more than 400 institutional investors from every corner of the globe. As well as financial institutions and pension funds, these customers also include insurance companies and sovereign wealth funds. PATRIZIA operates through 19 offices in Europe in addition to experts on the ground in Hong Kong, Melbourne, New York, Seoul and Tokyo. Today, more than ever in its history, the company sees itself as a leading partner for global real assets.