PATRIZIA has launched a Berlin residential development program through a new joint venture, targeting a total development volume of up to €500 million ($580 million) in one of Europe’s most structurally undersupplied housing markets.
PATRIZIA has partnered with Berlin-based developer COSIMO Investment Group to develop an initial pipeline of about 2,000 residential units over the coming years, with up to €200 million ($232 million) of equity capital to be deployed through PATRIZIA’s Living strategy within the overall €500 million ($580 million) development program.
The cooperation forms part of PATRIZIA’s Pan-European Living investment platform, which is deploying capital into high-conviction, value-add residential opportunities in structurally undersupplied urban markets across Europe.
“Berlin remains one of Europe’s most compelling residential markets, driven by sustained urbanization and a persistent shortage of new housing supply,” said Anto
