German Investment company Patrizia added €900m (£661m) of UK assets to its portfolio in 2014, according to its annual statement.
Total assets under management in the UK were €1.2bn by the end of 2014, making it Patrizia’s second largest investment market after Germany.
In total Patrizia invested €3.4bn in 2014 with 50% of this within Germany. Overall the portfolio was up 24% to €14.6bn by the end of 2014, more than half of which was in commercial real estate.
During 2014 the company established new offices in Finland and the Netherlands and the latter office acquired a portfolio of 5,500 units for around €580m.
The growth in the business saw earnings climb 31.7% to €50.2m.
Patrizia expects to increase its real estate assets by €17bn by the end of 2015.
