Patrizia Immobilien : sells Dutch residential complex

• Located in Zeist, the asset offers 479 units and 245 parking places
• Positive market conditions for portfolio optimisation

Augsburg/Amsterdam, 16 November 2018. PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, announces that it has sold a residential complex in the Netherlands. The sale is in line with PATRIZIA's strategy to focus on the most attractive Dutch cities. The complex, which contains 479 residential units and 245 parking places, has a freehold tenure and is located in the town of Zeist, a few kilometres east of Utrecht.

Emile Poort, Head of Transactions Benelux at PATRIZIA, commented: 'We have used the current upswing in the Dutch housing market to optimise our portfolio in line with our strategy in the Netherlands. The sale delivers on the business plan agreed with our clients and we are pleased to have been able to create the value we promised them.'

PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 30 years. PATRIZIA's activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global partner for pan-European real estate investment, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. PATRIZIA manages around EUR 40 billion of real estate assets, primarily as an investment manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.

Contact:
Andreas Menke
Head of Corporate Communications
Phone: [phone]
press(at)patrizia.ag