Patrizia has made a strategic, landmark acquisition in Sweden by investing circa EUR 350M on behalf of its clients in a premium Stockholm residential portfolio through the pan-European open- ended residential strategy, Living Cities. The transaction, once closed, will propel the Living Cities strategy to towards EUR 2bn AUM and increase PATRIZIA’s current residential AUM to around EUR 17bn.

The properties are all being constructed to one of the highest local ESG standards and will carry the Nordic Swan Ecolabel certification.

“The area of Stockholm offers stable income return and long-term capital growth. Thanks to its affordability and connectivity, combined with a strong imbalance between supply and demand, Stockholm often features in the top ten of the Patrizia European Living Cities Report which measures over 140 cities for their attractiveness as liveable cities,” said Jörg Laue, Head of Transactions Nordics, Patrizia.