Key Facts

SectorsCommercial focus
StyleCore
GeographyWestern & Northern Europe
Equity targetMin. EUR 1bn
TypeDiscretionary, open-ended commingled fund
SFDR1) disclosure  Art.8 fund
LiquidityQuarterly
Leverage35% LTV at fund level (target)

 

  Portfolio3)



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Konrad Finkenzeller

Head of Global Client Solutions

 

Award-winning pan-European core balanced real estate fund with an exceptional track record

 

PanEuropean is one of continental Europe’s long running discretionary open-ended property funds, serving a solid base of long-standing global institutional clients. Its success as a core risk fund has attracted prizes, such as 2019 & 2018 MSCI Property Investment Awards for the best-performing balanced fund in the MSCI PEPF Index.2) The Fund also has top GRESB sustainability ratings, outperforming the GRESB average rating since 2016.3)

 

 

 


Opportunities

  • Diversified investment approach: Stable, long-term income return and capital preservation through defensive, evergreen investments; robust portfolio of assets
  • Outperformed all funds in the MSCI PEPF Index1) on a 5-year annualised basis (to 31 December 2020)
  • Dedicated to sustainability: 4-star GRESB rating,Net Zero Carbon strategy
  • Stable, cycle-tested team & longstanding institutional client base

 


Risks

  • The economic success of the fund cannot be guaranteed. The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
  • An investment entails real estate-specific risks (e.g. tenant creditworthiness, market development and liquidity, location development, environmental damage to the property, unforeseen inherited burdens or construction defects), as well as legal and tax imponderables
  • An investment entails the fundamental liquidity risk of real estate funds with a possible temporary suspension of redemptions due to insufficient liquidity, up to and including an orderly dissolution of the fund
  • Investors should also bear in mind that the valuation of real estate is generally a matter of independent third-party valuers’ opinion rather than fact

For detailed disclosure of possible risks when investing into the fund, please refer to the 'Risks' section in the fund documents.

Do you have questions regarding our funds? Contact our PICA team. 

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  • Asset Map

    PanEuropean

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PATRIZIA PanEuropean

Office

Aire

Key Facts

Luxembourg

5.930 sq ft

Acquired: 2020

Office

Mediaspree CocaCola Headquarter

Key Facts

Berlin, Germany

9.641 sq ft

Acquired: 2017

Mixed use

FOZ

Key Facts

Amsterdam, Netherlands

12.347 sq ft

Acquired: 2017

Office

Leuschnerdamm 31

Key Facts

Berlin, Germany

4.934 sq ft

Acquired: 2020

Logistics

Venlo Logistics

Key Facts

Venlo, Netherlands

41.400 sq ft

Acquired: 2016

Logistics

Gyroscoopweg

Key Facts

Amsterdam, Netherlands

13.585 sq ft

Acquired: 2019

Logistics

Paris Logistics

Key Facts

Ferrières-en-Brie, France

20.862 sq ft

Acquired: 2019

Retail

Mannheim Retail

Key Facts

Mannheim, Germany

14.869 sq ft

Acquired: 2004-2007

PATRIZIA Living Cities Residential Fund SCS SICAV SIF

Find out more

TransEuropean

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Hanover

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Disclaimer

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including published prospectus, if any, or mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available in English language and free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained on this website is only intended for professional clients (as defined in Annex II to Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments) and is solely for use by the recipient. Distribution to retail clients or other non-professional clients is prohibited. No part of this website or the information contained herein may be distributed, copied or reproduced in any manner, neither in whole nor in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith and to the best of our knowledge, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information contained herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information contained herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or service. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients (as defined in Annex II to “Markets in Financial Instruments Directive” 2014/65/EU (“MiFID2“)) and intended solely for use by the recipient – distribution to retail clients (as defined in Annex II to MiFID2) is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information purposes only. It does not constitute an advice, a recommendation, an offer, or a solicitation of an offer to buy or sell  shares or other interests,  financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith and to the best of our knowledge, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information provided on this website before making any decisions based on such information. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions.

The offering of any product described herein (if any) is not authorised or supervised by the Central Bank of Ireland (Central Bank). The information on this website does not constitute a prospectus under Irish laws or regulations and this website has not been filed with or approved by any Irish regulatory authority. Interests may not be offered or sold by any person in the Republic of Ireland:

(a) otherwise than to professional investors, in conformity with the provisions of the European Union (Alternative Investment Fund Managers) Regulations 2013 as amended and the requirements of the Central Bank;

(b) otherwise than in conformity with the provisions of the European Union (Markets in Financial Instruments) Regulations 2017, or any codes of conduct issued in connection therewith, and the provisions of the Investor Compensation Act 1998;

(c) otherwise than in conformity with the provisions of the Central Bank Acts 1942 to 2018 including any codes of conduct rules made under Section 117(1) of the Central Bank Act 1989 and any regulations issued pursuant to Part 8 of the Central Bank (Supervision and Enforcement) Act 2013 (as amended);

(d) otherwise than in conformity with the provisions of the European Union (Prospectus) Regulations 2019 and any rules issued under the Companies Act 2014 by the Central Bank; and

(e) otherwise than in conformity with the provisions of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and any rules issued under the Companies Act 2014 by the Central Bank.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or professional clients by request is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation or an offer, advertising, invitation, inducement or a promotional message to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional, eligible or well-informed investors or clients and intended solely for use by the recipient – distribution to retail clients or well-informed investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used).

The website has not been filed or approved by any local financial authority.

PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions.

The participations in PATRIZIA PanEuropean Property SCS and PATRIZIA PanEuropean Property 2 SCS (the “AIF”) will not, directly or indirectly, be offered, sold, transferred or delivered in the Netherlands, except to individuals or entities that are qualified investors (gekwalificeerde beleggers) within the meaning of Article 1:1 of the Netherlands Financial Supervision Act (Wet op het financieel toezicht, “Wft”). As a consequence, neither the AIF nor the manager of the fund – being PATRIZIA Investment Management S.à r.l., Luxembourg (the “AIFM”) - is subject to the license requirements for investment institutions or their managers pursuant to the Wft. The AIF and the AIFM are subject to the supervision of the Commission de Surveillance du Secteur Financier (“CSSF”) and are not supervised by the Dutch Central Bank (De Nederlandsche Bank, “DNB”) or the Netherlands Authority for Financial Markets (Autoriteit Financiële Markten, de “AFM”).

The participations of the AIF are being marketed in the Netherlands by PATRIZIA Institutional Clients & Advisory GmbH (“PICA”) which is licensed in Germany and is authorized to provide investment services through its branch office in the Netherlands under its MiFID-passport. PICA is subject to the supervision of the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) and its Netherlands branch office is also subject to the supervision of the AFM.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund. The Funds are registered with the CNMV under numbers NIF N0187417A (PATRIZIA PanEuropean Property SCS) and NIF N0085764I (PATRIZIA PanEuropean Property 2 SCS).

This is a marketing communication. Please refer to the relevant sales documents of the investment funds described herein before making any final investment decisions. The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services. The sales documents for investment funds (including mandatory information documents for professional clients, annual – and as the case may be – semi-annual accounts and where available and applicable the key information document) are available free of charge from us and the manager of the investment fund.

The information contained herein is directed only at professional clients and intended solely for use by the recipient – distribution to retail clients or semi-professional investors is prohibited. No part of this website or the information herein may be distributed, copied or reproduced in any manner, in whole or in part, without our prior written consent. This website is for information and illustrative purposes only. It does not constitute advice, a recommendation or a solicitation of an offer to buy or sell shares or other interests, financial instruments or the underlying assets, nor does this website contain any commitment by PATRIZIA SE or any of its affiliates. Whilst prepared in good faith, the information contained on this website does not purport to be comprehensive and has generally not been verified (in particular if third party information has been used). PATRIZIA SE and its affiliates provide no warranty or guarantee in relation to the information provided herein and accept no liability for any loss or damage of any kind whatsoever relating to this website. The information herein is subject to change without notice. All information is qualified entirely by the relevant sales documents relating to any financial product or services.

Endnotes

Information as at 31 December 2021 unless specified otherwise. Investing in the fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment.

PATRIZIA PanEuropean (the Fund) structure consists of the master fund PATRIZIA PanEuropean Property LP (UK limited partnership) and the feeder funds PATRIZIA PanEuropean Property SCS, PATRIZIA PanEuropean Property 2 SCS and PATRIZIA PanEuropean Property 3 SCS (each in the legal form of a Luxemburg SCS). Subscriptions can only be made in the feeder funds, but not in the master fund. The feeder funds are regulated AIF managed by PATRIZIA Investment Management S.à r.l. (PIM) and advised by PATRIZIA Property Investment Managers Ltd. (PPIM). The Fund is marketed by the PATRIZIA entity identified in the Disclaimer.

1) SFDR: Classification in accordance with Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector.

2) Source: MSCI. Benchmark: MSCI Pan-European Property Fund Index (PEPFI).

3) Source: GRESB. GRESB, the Global ESG Benchmark for Real Assets, assesses and benchmarks the Environmental, Social and Governance (ESG) performance of real assets.

4) Portfolio allocation is a target portfolio projection 2022. The actual allocation may materially differ.