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
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