PTA-News: PATRIZIA Immobilien AG: PATRIZIA expands business model
Real estate investment house to offer funds for private investors from 2015

10/13/2014, 7:00 AM (Source: pressetext)
Augsburg (pta006/13.10.2014/07:00) - Key points: - PATRIZIA GrundInvest GmbH formed - Andreas Heibrock and Joachim Fritz appointed to management team

Business news for the stock market

Augsburg (pta006/13.10.2014/07:00) - Key points:
- PATRIZIA GrundInvest GmbH formed
- Andreas Heibrock and Joachim Fritz appointed to management team

PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) is continuing on its growth path. In addition to fund products for institutional investors, PATRIZIA will offer funds for private investors from 2015 onwards. "The introduction of the German Investment Code (KAGB) means this is the right time to expand into offering funds for private investors," commented Wolfgang Egger, CEO of PATRIZIA Immobilien AG. "We have looked at entering the private investment segment for some time but, as one of Europe's leading real estate investment houses, we did not want to become involved in an unregulated market. The newly formed PATRIZIA GrundInvest GmbH will begin launching closed-ended real estate investment funds from 2015."

"We are delighted to have secured a team of experienced experts for the launch of our new activities in the private segment," added Klaus Schmitt, COO of PATRIZIA Immobilien AG and future member of the Supervisory Board of the new company. "For the management of PATRIZIA GrundInvest GmbH, we have succeeded in obtaining the services of Andreas Heibrock (51) and Joachim Fritz (47), each of whom has more than 20 years of experience in closed-ended investments and who, taken together, have already placed equity worth over EUR 5 billion with private investors." Heibrock and Fritz currently still work for the fund provider Real I.S. and will take up their new positions in the new year.

One major advantage of the new company is that it can call upon the extensive service range and Europe-wide network of the PATRIZIA Group. For investors, this guarantees high-quality products involving sustainable real estate. When it comes to the area of asset management, which is important for ensuring high-yield real estate investments, PATRIZIA GrundInvest can also rely on local experts from the PATRIZIA Group in Germany and abroad. Investors will be able to participate in the products, which cover all types of real estate use, from a minimum investment of EUR 15,000. The annual yield is expected to be between 4 and 6 percent.

The start of activities is subject to the successful conclusion of the approval procedure with the German Federal Financial Supervisory Authority (BaFin), as the KAGB states that closed-ended investment funds may only be placed on the market with BaFin approval.

The Managing Board


emitter: PATRIZIA Immobilien AG
address: Fuggerstraße 26, 86150 Augsburg
country: Germany
contact person: Margit Miller, Verena Schopp de Alvarenga
phone: +49 821 50910-369/351

ISIN(s): DE000PAT1AG3 (share)
stock exchanges: regulated market in Frankfurt; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf, free market in Hannover; open market in Berlin

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