Which real estate investment company should we have on our radar…?
Patrizia, the German investment company is growing at a strong and impressive rate. The company has grown from €2.7 billion to €21 billion in only six years, investing on behalf of more than 200 institutional investors. The company has moved away from its fame as a residential expert only, investing across a number of asset classes all over Europe. In particular, they have recently set up their first pan-European logistics vehicle in August 2017. Moreover, recent news is that they have been instructed to develop a mixed-use real estate portfolio across Europe, an investment totalling €200m. Finally, Patrizia has acquired SPI, a Danish financial institution. SPI manages funds and has a total of €1.5billion under management! Patrizia’s growth and diversity of investments are showing their ambition to open new product lines and new markets; creating more opportunities for their clients – Impressive!
Primonial, the portfolio management company was opened in 2011, in just 5 years they have become one of the top 50 investors in Europe. As of the start of 2017, Primonial had €10.7 billion assets under management and have invested almost €6 billion in office properties. They have become one of the strongest investors in the healthcare sector in Europe, investing €3 billion in France, Italy and Germany. They have also recently acquired 2 portfolios from Gecimed and Panacea, worth €1.24 billion and €994 million respectively. At the end of August this year, they also completed their first deal in Spain for €20 million. In addition, this year they have also purchased the IN/OUT office building in Paris from SFL for a price expected to be around the €400mlnmark. Primonial REIM operates in all parts of the real-estate value chain through its Transaction Management, Asset Management and Fund Management teams – one to watch!
Tikehau IM, the French company has seen a real growth in their real estate business. They have been shopping all across Europe, acquiring several commercial assets in Italy such as the Area 12attached to the Juventus Stadium. Tikehau has also recently raised €610 million that they will utilise to; finance growth, develop new strategies, expand operations and seize opportunities to grow their presence strongly, with particular note to initiatives in Italy. To demonstrate the companies growth and status, Tikehau IM was awarded “Best Asset Management Company 2017” by Agefi, recognising their high profile in the management industry. The company has recently appointed Mr Fillon as a partner and as the Financial Times puts it, they have definitely confirmed they reputation of “maverick”, a company moving forward!
There are many other investment companies having a real impact on the industry, it is an exciting time across the UK and Europe and I am looking forward to watching the rest of the year unfold!