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Sign in Sign up for a FREE subscriptionPATRIZIA launches 11th private investor real estate fund
PATRIZIA GrundInvest, a subsidiary of PATRIZIA Immobilien AG, the global partner for pan-European real estate investments, has launched its 11th private investor real estate fund.
The new fund, PATRIZIA GrundInvest Berlin Landsberger Allee, will enable private and semi-professional investors to access the Berlin real estate market for the first time. The new fund allows investors to invest in mixed-use, fully let building complexes in an attractive location in Berlin, particularly in the Prenzlauer Berg district. The assets will comprise a diverse mix of leisure, retail, office and healthcare space.
Berlin is an attractive location for investors. “Berlin benefits from a growing start-up scene and is one of the most popular tourist destinations in Europe,” said Joachim Fritz, managing director of PATRIZIA GrundInvest. “A low and still declining vacancy rate, as well as limited new office space have caused office rents to increase in recent years. This is expected
