Patrizia’s assets under management grew by 87.3% to €41bn (£46.8bn) during 2018, boosted by its Triuva and Rockspring purchases.
Patrizia’s operating income also rose by 72% last year to €141.4m.
Karim Bohn, chief finance officer of Patrizia Immobilien, said: “I am pleased with the results we generated in 2018. They are remarkable as they confirm Patrizia is able to deliver both a successful integration of four companies into one Patrizia while at the same time delivering highest service levels and outperformance to our clients.
“We not only delivered better than expected revenues in 2018, but also better than expected costs with the realisation of the first integration synergies.
“In 2019 we will remain an active player in the market with focus on organic and inorganic growth. Another area of focus is new technologies which will without doubt impact our industry in the mid to long term. It is Patrizia’s clear target to become the tech leader in the European real estate investment industry and to guide our clients through the coming change.”
In total, Patrizia signed €3.4bn of acquisitions in 2018, an increase of 36.4% on the prior year’s €2.5bn.
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