Real assets giant Patrizia opened the doors of its new international hub in London’s Covent Garden on Monday, in a move aimed at driving the future growth of the company’s global investment platform.
Located on Endell Street, the five-storey office is the group’s largest global location outside of its Germany-based headquarters. It brings together Patrizia’s 200 UK-based employees who manage and support a number of the group’s flagship international funds across the real estate, infrastructure and venture capital sectors.
Wolfgang Egger, founder of Patrizia, said: ‘After nearly three years of thorough planning and designing, we are thrilled to open the doors to our new international hub in the heart of one of the world’s most influential cities for global capital.
‘The Patrizia story is a 40-year journey of constant innovation and evolution to ensure we continue meeting the needs of our global clients. Today we are entering the next chapter of our development, as our new Endell Street office symbolises our successful transition into a truly global manager for smart real asset solutions.’
The London team manages a significant portion of the group’s €57 bn of global assets under management and leads many of its discretionary investment strategies. Patrizia’s global real assets platform spans value-add and core real estate strategies as well as mid-market infrastructure equity and infrastructure debt funds.
The new 48,000 ft2 (4,460 m2) office is a brown-to-green refurbishment of a Victorian building which housed a hospital in the 18th century and more recently the former hClub private members’ club. During construction, over 98% of all onsite waste was recycled and existing materials were re-used as far as possible to reduce the embodied carbon of the building.
The asset’s sustainability credentials were the highest that could be achieved due to its age, with an EPC B rating alongside BREEAM Excellent and WiredScore Gold certifications, Patrizia said.
The inauguration of the new office coincides with the kick-off of the international fundraising programme for the Patrizia Foundation, which has officially launched in the UK to expand its global impact in its 25th anniversary year.
Its debut project will support the Music in Secondary Schools Trust (MiSST) with funding for classical music instruments for 300 school children participating in MiSST’s Lord Andrew Lloyd Webber Programme.
