Outlook 2017

The outlook for the 2017 fiscal year remains very positive. PATRIZIA once again expects a strong transaction volume, an increase in assets under management and consequently a further increase and stabilisation of fees generated by Investment Management Services.

Assets under management are anticipated to grow by about EUR 2.0bn to EUR 20.6bn.

Total operating income in 2017 is prudently expected to range between EUR 60m and EUR 75m, despite EUR 7m of additional expenses for the further expansion of the worldwide fundraising activities. This compares to an adjusted operating result of EUR 72.2m in 2016.

A higher operating result could derive from a higher transaction volume, higher performance fees, as well as income from the deployment of the current cash position of almost EUR 400m.

More detailed information can be found in the current annual report.