PATRIZIA AG has a held a final close for its fund, according to the IREI FundTracker database.
PMM Global V, a value-added fund, has raised €263 million ($289.98 million) in equity commitments. It will invest in global real estate through funds, club deals, joint ventures and co-investments via a network of local operating partners.
The global partner for pan-European real estate investment recently announced it signed more than €8 billion ($8.8 billion) in transactions in 2019, of which more than two-thirds were purely acquisitions and a majority were sourced outside of Germany, the country where the company has its global headquarters. The Nordics, France and Italy together accounted for approximately a fifth of the total transaction volume, and the rest was generated from Ireland, the United Kingdom, Spain and Portugal.
Totalling more than €5 billion ($5.5 billion), the commercial sector made up the largest segment of transaction volume, followed closel
