P&P Gruppe and Ampega to acquire 22 non-core residential properties of PATRIZIA.

Real estate management firms P&P Gruppe and Ampega to acquire 22 non-core residential properties of PATRIZIA, a real estate company. Financial terms were not disclosed. “We have taken the strategic opportunity to capitalise on current market conditions and dispose of these smaller assets, enabling us to crystallise returns. This also aligns with our efforts to refocus the portfolio on properties with higher numbers of homes in areas that we have identified as being more affordable for our residents, or that are well positioned to benefit from future socio-economic growth," Alexander Hanisch, PATRIZIA Fund Manager.