Patrizia acquires €100m portfolio in Germany

Patrizia acquires €100m portfolio in Germany

Published at: 2019-04-12 14:52 | Author: CIJEurope.com
Patrizia Immobilien has bought a €100m portfolio from Marathon Assets Management. The portfolio has 27 assets total and is mostly made up of retail parks and grocery stores. Three quarters of the space leased by Germany’s four largest food retailers. Patrizia now manages around €8.3bn of retail assets in Europe of which €5.1bn is located in Germany. “The acquisition of this portfolio, with its potential for sustained income growth, will significantly optimize the risk-return profile of the fund,” said Daniel Herrmann, head of fund management retail at Patrizia. “At the same time, we are acquiring modern, well-located properties with excellent tenants from the food retail sector and which occupy a dominant position in their respective catchment areas.”

Similar Stories:

Rohlik.cz sales grow 60% to CZK 4bn in 2019
Revenues at the grocery specialist e-shop Rohlik.cz grew 60 percent last year to more than  »
IKEA to open pick-up points in eight Czech cities
IKEA is planning to open seven pick-up points for customers who live in Czech cities where  »
Lagardere Travel Retail opens 1 Minute store at Charles de Gaulle Plaza
Lagardere Travel Retail opened a 1 Minute store at Charles de Gaulle Plaza near the Aviato  »
Křetinský and Tkáč raise Casino stake to 5.64%
An investment vehicle of two Czechoslovak business moguls Daniel Křetinský and Patrik Tk  »
When it comes to the development of smartphone apps for the retail sector, most of the act   »
Rumors that Tesco is on the way out of Poland are certainly nothing new, but another Briti   »
You’ve been expanding your portfolio as quickly as possible. How are you using the incre   »
In a deal that’s reportedly still being finalized, Jeronimo Martins and Auchan will take   »