Patrizia raises €220m for PanEuropean property fund

Patrizia raises €220m for PanEuropean property fund
Patrizia Veghel Dutch Logistics Acquisition

Patrizia has raised €220 million of new equity this year for the Patrizia PanEuropean Property Limited Partnership (PanEuropean or the Fund), the firm’s core open-ended balanced fund.

Patrizia said the new capital has been secured from 11 new institutional investors. PanEuropean’s fund management team is led by Flavio Casero, Fund Director, and Amirali Kasraie, Fund Manager.

Flavio Casero commented: “It is a major achievement that PanEuropean continues to be recognized for both its sustainability credentials and its outperformance of its competitors. We would like to take this opportunity to thank our investors for their support and commitment to the Fund, particularly throughout these uncertain times.”

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Amirali Kasraie, Fund Manager at Patrizia, added: “The Fund’s robust core profile and low-risk return targets remain attractive to new capital, with the arrival of some EUR 220 million of new equity. As we look to 2021 and beyond, we remain well positioned to strategically grow and further diversify the portfolio by accessing opportunities through Patrizia’s expansive European network.”