PATRIZIA completed the acquisition of Lenbachplatz 6 building from Rock Capital Group.

PATRIZIA, a real estate developer, completed the acquisition of Lenbachplatz 6 building, a mixed-use, multi-tenanted building in Munich, from Rock Capital Group, a private equity firm. Financial terms were not disclosed. "With the investment in Lenbachplatz we have acquired an important piece of Munich’s history and a trophy asset in the city centre. This investment aligns with our strategy of purchasing high quality Core assets in sustainable locations that deliver reliable, long term income to our managed portfolio. The property also increases our exposure to one of the strongest real estate markets in Germany and we continue to look for further investment opportunities that meet our Core criteria for this strategy," Daniel Dreyer, PATRIZIA Head of Transactions DACH.