PATRIZIA has revealed it completed €6.5bn of transactions globally in 2022 – 1.5% down on transaction activity the previous year.
The most active asset class was residential, which accounted for €1.8bn (29%) of activity, followed by infrastructure (€1.4bn – 23%) and logistics (€1.3bn – 22%). The volume and share of logistics transactions were up on the previous year and infrastructure investments also rose, whereas PATRIZIA’s office and residential transactions declined.
The most active markets for PATRIZIA last year were DACH (29%), Iberia (16%) and UK and Ireland (11%). The company’s highest growth market was Japan, where the volume of transactions increased by more than five times compared with the previous year.
Philipp Schaper, CEO European real estate at PATRIZIA, said: “Despite a challenging 2022 marked by interest rate rises, the war in Ukraine and ongoing supply-chain challenges, PATRIZIA continued to deliver high-value real estate and infrastructure deals across Europe, as well as in APAC, in line with our strategy to become a global real assets player.
“Last year we were able to successfully scale a number of our flagship funds, notably PanEuropean which reached €1bn in GAV and our Smart Cities Infrastructure Fund (SCIF), as well as launch a new real estate fund in Japan, broadening our footprint in APAC. We are excited to further strengthen our combined real estate and infrastructure expertise to continue driving significant long-term value for our investors.”
Graham Matthews, CEO of PATRIZIA infrastructure, said: “2022 was a milestone year for PATRIZIA as we took a major step forward in significantly growing our global infrastructure investments. Not only did we launch a brand new fund in APAC, we substantially invested in our flagship equity and high-yield debt funds in Europe.
“And our global smart cities strategy surpassed €600m in committed investments, broadening our portfolio of assets that enable smarter, better-connected communities across the globe. Infrastructure remains a core part of PATRIZIA’s growth ambition and it will only become more essential for investors in the years ahead due to the strong inflation protection and income resilience that it provides.”
PATRIZIA’s preliminary financial results for the full year will be made available on 28 February 2023.
