Radisson Collection Hotel, Berlin has completed an extensive twelve-month renovation

COVID19 pandemic impacted the European construction sector.

The new vehicle’s value-add and development strategy will focus on industrial assets in and close to major metropolitan areas, including “last mile” logistics.

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.