Former Patrizia directors Ulf Christiansen, Daniel Rubinstein and Stuart Reid have established a company to invest in German commercial real estate as operating joint venture partners, focusing on assets with management potential.
The trio has launched Troveinvest, a local investment and asset management firm that will partner in joint ventures to access investment themes and transaction opportunities.
Christiansen joined the Berlin Rockspring team in 2011, specialising in transactions. After Patrizia acquired Rockspring in 2018, he became MD and head of value-add transactions.
Rubinstein joined the Berlin Rockspring team in 2005 and following the Patrizia acquisition, he served as MD in asset management.
Reid established Rockspring’s German office in 2001 and after Patrizia acquired Rockspring, he served as MD on the project development team.
Christiansen said: “Our strongest motivation is the opportunity to shape a new real estate cycle from the beginning – and to work together again as a well-coordinated team. A team with a remarkable track record, aligned in its way of thinking.
“In uncertain times, it’s well-thought-out strategies, solid expertise and consistent asset management that determine the success of investments – crucial for our partners and us.”
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