Patrizia has completed nearly €7.6 billion 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. €6bn) and since 2016 has transacted around €43bn.
”In 2021, the leading sector was residential with ca.€3.3bn followed by offices with ca. €1.7bn and another €1bn in industrial/ logistics. In terms of disposals, the main volume came from food-anchored retail, having recycled close to €1bn of capital with record breaking yields,” said Patrizia in a press release.
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.”