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31 May 2012
Frankfurt am Main, Germany
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- Property Debt Breakfast
20 June 2012
London
German Patrizia adds commercial RE, large resy sales 2010
Augsburg listed property firm Patrizia saw pre-tax earnings surge over fivefold to E12.8m in 2010, mainly due to a near doubling in sales that allowed it to reduce debt - 1,803 units, 91% more than 2009. It added commercial real estate special funds through the purchase of LB Immo Invest and now aims to grow internationally, said CEO Wolfgang Egger.