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The transaction, once closed, will significantly increase PATRIZIA’s current residential AUM of €16billion.
As environmental, financial and societal pressures converge, today’s leaders must solve a new equation.
The acquisition price of the property reached € 1.14 million, approximately 30,000 higher than the first auction price.
If the richest 10 billionaires sat on top of their combined wealth piled up in US dollar bills, they would reach almost halfway to the moon.
The total investment will be in the region of €35m and will be funded by the proceeds of the green bond that PRODEA issued in July 2021.