Patrizia Immobilien has signed a co-investment agreement with Dutch pension fund ABP and Denmark's ATP Real Estate to spend as much as EUR 700 mln primarily on commercial real estate in Germany. The vehicle will be called Patroffice & Co. The German property investor said it will also handle all purchasing activities and manage the asset portfolio.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
