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Triuva sold

13 November 2017

Triuva sold
Green Day in Wrocław is a property in Triuva's portfolio
EUROPE Patrizia Immobilien has announced that it has acquired Triuva Kapitalverwaltungsgesellschaft significantly expanding its business in Germany and Europe. Both parties have agreed not to disclose the purchase price.

“This acquisition is a perfect fit for our growth strategy. It will strengthen our European network, expand our market presence and broaden the range of products and services for our clients. We will also consolidate our position as the leading independent real estate investment manager in Europe,” explains Wolfgang Egger, the CEO of Patrizia Immobilien. Triuva is one of the leading providers of real estate investments in Europe. The company manages around 40 funds, partners with more than 80 institutional investors and consists of around 200 employees across its 15 European locations. Currently, Triuva manages real estate assets of around EUR 9.8 bln. The acquisition increases Patrizia’s assets under management by around 50 pct to more than EUR 30 bln, placing the company firmly amongst the top ten European real estate investment managers. “This acquisition increases the stability of Patrizia’s business model through greater diversification and by ensuring an even greater share of our revenue comes from recurring asset management fees,” adds Wolfgang Egger. “We also offer Triuva and its clients a stable ownership structure and new opportunities. With our sound capital base, we will continue with our successful strategy and pursue attractive opportunities which benefit our investors.”


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