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.

The parties agreed not to disclose the purchase price.

The prices of both old and new built properties in the two cities are high.

The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter of 2021.