Triuva buy boosts Patrizia’s AUM to more than €30bn

Patrizia Immobilien AG has acquired Triuva Kapitalverwaltungsgesellschaft mbH, significantly expanding its business in Germany and Europe.

The acquisition increases Patrizia’s assets under management to more than €30bn (£26.7bn).

Triuva manages around 40 funds, partners with more than 80 institutional investors and consists of around 200 employees across its 15 European locations. The Frankfurt-based company focuses on commercial real estate in the office, retail and logistics sectors as well as infrastructure. Currently, Triuva manages real estate assets of around €9.8bn.

Both parties agreed to not disclose the purchase price.

“This acquisition is a perfect fit for