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Patrizia seeks £75m to upgrade UK core fund assets

23rd March 2022

Patrizia is in the market to raise £75 million ($99 million) for its UK open ended core fund, with the proceeds destined for ESG improvements.

The German real estate investment manager is raising capital for the £500 million Patrizia Hanover Property Unit Trust to support a capital expenditure programme across the portfolio, which has a strategic aim to be “the most sustainable fund within its UK peer group”.

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