EQS-News: PATRIZIA aims to become a EUR 100bn AUM smart Real Assets player in 2030 with new focused growth strategy and new organisational structure

Augsburg, July 26, 2024.  PATRIZIA, a leading partner for global real assets, has announced a new mid-term strategy to reach EUR 100 billion AUM within the next five years. The Company's clear ambition is to become the go-to manager for smart Real Asset solutions by focusing on five key growth areas: Living, Value-add Strategies, Re-Infra & Smart City Solutions, European Infrastructure, and its Independent Advantage Investment Partners (fund of funds) platform. PATRIZIA will leverage its strong position in Germany with attractive real asset offerings and continue to grow internationally with a focus on its large scalable discretionary flagship funds in real estate and infrastructure alongside creating a new “Re-Infra” asset class that combines the two. 

To effectively execute on its new mid-term strategy PATRIZIA has established a new Group Executive Committee (GEC) as part of a larger organisational adjustment. The GEC will replace the previous Executive Committee, effective August 1st, 2024. Sitting directly under the Board of Directors, the GEC consists of six Executive Directors. Alongside the three existing Executive Directors which are Dr Asoka Wöhrmann (CEO), Christoph Glaser (currently CFO/COO) and Wolfgang Egger (Founder) - Martin Praum (49), James Muir (46), and Dr Konrad Finkenzeller (42) have been appointed as additional Executive Directors and members of the GEC by the Board of Directors.

Martin Praum will become Chief Financial Officer (CFO) and assume responsibility for Finance, Investor Relations & Group Reporting, and the Group’s Corporate Finance activities. In this position, he will succeed Christoph Glaser who will focus on his role as Chief Operating Officer (COO), with responsibility for IT, Fund Services & Operations, Valuation, Procurement & Services, Compliance & Risk Management.

James Muir will become Head of the Investment Division, a newly formed department which is responsible for Fund Management, Investment Management, and Investment Strategy & Research across all asset classes of PATRIZIA.

Dr Konrad Finkenzeller will head the newly formed Client Division* and be responsible for global fundraising activities and client relationship management, PATRIZIA’s product portfolio across all asset classes, client services, and corporate and product marketing.

“Our clear ambition is to become the investment manager of choice for smart real asset solutions. We will leverage our strong position in Germany, significantly grow in Europe and attract more international investors to our attractive real estate, infrastructure, and Re-Infra investment platform,” said Dr Asoka Wöhrmann, Chief Executive Officer of PATRIZIA SE. “Our new Group Executive Committee will drive our investment process end-to-end across all our asset classes while continuing to enhance client-centricity, efficiency, and innovation for the benefit of our clients and stakeholders.”

“PATRIZIA’s strategy 2030 provides a clear growth path for the Company in all asset classes across all geographies,” said Uwe H. Reuter, Chairman of the Board of Directors of PATRIZIA SE. “And the future execution-focused organisational set-up under the new leadership team will enable PATRIZIA to win in the next cycle and provide attractive long-term value for its clients and other key stakeholders.”

The new GEC will be enhanced by two additional cross-divisional leadership bodies, which will focus on PATRIZIA’s key business areas and operational activities. The Business Leadership Team (BLT) will consist of the GEC and key functions across the business value chain. The BLT will accelerate PATRIZIA’s investment performance, as well as drive the company’s growth ambition and business strategy execution. A newly introduced Global Operating Committee (OpCo) will deliver key operational activities to enable a firm-wide efficient and effective platform.

To better align PATRIZIA’s global business strategy with its regional markets and regulatory requirements, the company will establish joint ownership of the Executive Directors on a regional level. Within the Group Executive Committee, Dr Asoka Wöhrmann will be responsible for the DACH Region, Christoph Glaser for Europe excluding DACH region, and Wolfgang Egger for the APAC region.