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Patrizia Immobilien AG to Adopt New Organizational Structure


Monday, 25 Feb 2013 11:41am EST 

Patrizia Immobilien AG announced that it is adopting a new organizational structure. The new structure calls for individual national companies under the umbrella of the holding that will perform their operating activities locally following the principle of 'all business is local'. Six operational subsidiaries, PATRIZIA Acquisition & Consulting GmbH, PATRIZIA Alternative Investments GmbH, PATRIZIA Immobilienmanagement GmbH, PATRIZIA Investmentmanagement GmbH, PATRIZIA Projektentwicklung GmbH, PATRIZIA Sales GmbH and PATRIZIA Wohnen GmbH, will all be merged into PATRIZIA Deutschland GmbH. Functions similar in nature will be combined into a single unit, each one under the responsibility of a managing director. On the lines of this model, the organization will also include a PATRIZIA Luxembourg, a PATRIZIA Nordics, a PATRIZIA UK, and so on. In addition to this, the two asset management companies PATRIZIA GewerbeInvest KAG mbH und PATRIZIA WohnInvest KAG mbH will continue to be managed as independent entities. 

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