The three assets are in different phases of construction.

The vendor was a private investor.

Construction work is scheduled to start during the second quarter of 2022.

The transaction, once closed, will significantly increase PATRIZIA’s current residential AUM of €16billion.

What is happening in other European real estate markets.

A traditional option is coming back to the fore, as a sustainable construction solution.

The largest increases in activity are likely to be seen in EMEA and APAC.

The European Cyclists’ Federation (ECF), Cycling Industries Europe (CIE) and the Confederation of the European Bicycle Industry (CONEBI) welcome this package.

B2R Law, CSWP, Dentons, CMS and Gleeds advised in this transaction.