PATRIZIA, a real asset investor, agreed to invest in Carossa Quarter project, a residential project development in Berlin's Spandau district. Financial terms were not disclosed. “We are delighted that we have succeeded in investing in a project of this size. This once again shows the ability of our team to negotiate and conclude complex transactions - also against the background of the corona pandemic. Residential real estate has been part of the company's DNA since PATRIZIA was founded. We are proud to realize this large-scale development project. We are thus creating a completely new district with attractive communal facilities in one of the most dynamic cities in Europe," Stuart Reid, PATRIZIA Managing Director.