PATRIZIA, a leading partner for global real assets, continued to strengthen its international investment platform in FY23, closing over EUR 3.5bn1 of transactions in highly attractive market sectors underpinned by the major transition megatrends shaping economies and societies across the globe.

Of the capital deployed, over a fifth (21%) was in the digitalisation of communities and smart city solutions through new fibre networks and broadband operators, while 20% was invested into the living sector that included major acquisitions of affordable and sustainable build-to-rent housing. Over 11% of capital was deployed in the global energy transition via investments in Electric Vehicle (EV) charging, energy distribution and renewables, and nearly 10% was committed to real estate and infrastructure credit opportunities.

Alongside organic AUM development, PATRIZIA also significantly invested in its existing real assets platform to position it for future growth. Its refurbishment and development programme amounted to EUR 2.6bn of projects (44% office and 37% living), while the group managed around EUR1bn of additional value-add capex projects across its portfolio, which included the repositioning and solarfication of urban logistics in Germany.

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