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”.