PATRIZIA’s flagship Living Cities fund to invest €600m in Barcelona residential portfolio

PATRIZIA AG has agreed to invest circa €600 million ($681 million) on behalf of its clients in a high-quality Barcelona residential portfolio through its pan-European open-ended residential flagship fund, Living Cities. The transaction, once closed, will significantly increase PATRIZIA’s current residential assets under management (AUM) of €16 billion ($18 billion).

The portfolio in Barcelona comprises 10 residential assets and consists of a mix of newly completed buildings and buildings that will be constructed during this year, complete with additional services like gyms, co-working spaces, concierge service, lounge areas and swimming pools.

“All investment decisions for our Living Cities fund are supported by data intelligence analytics that measure the attractiveness and future potential of the assets we target. In combination with our strong local knowledge, over 200 residential real estate professionals, plus our expert alternatives team, we delivered on