Patrizia opens office in Copenhagen

German listed property group Patrizia Immobilien has announced the opening of an office in Copenhagen to be led by managing director Rikke Lykke.

As part of the office opening the company also established a new subsidiary, Patrizia Nordics, which will strengthen activities in the Scandinavian market.

'With our new subsidiary in Copenhagen, we have laid another foundation stone on which to expand our involvement abroad,' commented CEO Wolfgang Egger. The company manages real estate assets worth EUR 7 bn, around a third of which is abroad, he added. The opening adds to Patrizia's existing office in Stockholm.

The company has so far invested nearly EUR 300 mln in the Nordic markets alone via its funds. 'To make the best possible use of the opportunities there, we must have our own employees on the ground. We want to have grown to around 10 local employees within the next year,' Egger added.