PATRIZIA acquired Kenzo Capital and Kenzo Japan Real Estate.

PATRIZIA has agreed to acquire Kenzo Capital and Kenzo Japan Real Estate. Financial terms were not disclosed. PATRIZIA said, the acquisition of Kenzo will further support the demand from Asian investors, from whom it has raised about €3bn ($3.4 bn) in equity over the past few years. “Through working with Kenzo over the past two years, building up the Kenzo Japan Residential Fund together and growing the fund as its fund administrator, we recognised the team’s high-quality work, market experience and network and acknowledged Kenzo as a trusted partner to the real estate investment community. This has triggered our decision to further advance the relationship and start our new subsidiary PATRIZIA Japan KK and business in Japan on the foundations that KENZO has prominently set in the Japanese real estate market.” Wolfgang Egger, Patrizia Founder and CEO.