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Patrizia plans to invest up to €500M in Portugal and Spain until 2020
18 November 2019 | Vanessa Sousa

The mid-term plans of German Patrizia include investing in Portugal and Spain. Already next year, the asset management company should spend between 300 and 500 million euro in new acquisitions in both countries and it expects to maintain that investment pace until 2022.

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This means that the total investment for the next three years could reach 1.500 million euro, which would be added to the current 1.000 million euro represented by the assets the company currently has under management in Iberia.

The German company’s radar will focus in particular on retail spaces (29%), office buildings (27%), logistic assets (19%), housing (12%) and the hotel segment (12%).

Patrizia’s current CEO for Iberia, Eduardo de Roda remarked in an interview to newspaper Expansión, that in the coming months, «we plan to focus more on the offices, housing and logistic segments, without disregarding other types of assets which may present an opportunity».

One of the German company’s latest operations concerns a logistic terrain in Los Gavilanes, Madrid, with 29.000 sqm available for construction. During last year alone, Patrizia spent a total 310 million euro in new investments in Portugal and Spain.