Patrizia AG acquired real estate fund manager Rockspring.

Patrizia AG, a global provider of real estate investments in Europe, acquired real estate fund manager Rockspring Property Investment Managers, a professional investment fiduciary specialising in the acquisition and management of commercial property throughout the UK and continental Europe. Financial terms were not disclosed. “Rockspring has an outstanding track record and reputation for European property fund management and client services and is a perfect fit for PATRIZIA in terms of shared vision and culture and its focus on real estate business. This acquisition represents an important milestone for PATRIZIA in achieving our vision to become a global provider of European real estate assets for our clients,” says Wolfgang Egger, Chief Executive Officer of PATRIZIA Immobilien AG.