24.01.2017
PATRIZIA Immobilien AG DE000PAT1AG3
DGAP-News: PATRIZIA Immobilien AG: Anne Kavanagh appointed CIO for PATRIZIA Immobilien AG
DGAP-News: PATRIZIA Immobilien AG / Key word(s): Real Estate/Change of
Personnel
PATRIZIA Immobilien AG: Anne Kavanagh appointed CIO for PATRIZIA Immobilien
AG
24.01.2017 / 17:40
The issuer is solely responsible for the content of this announcement.
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Growth of the Management Board reflects the expansion of the Company
Anne Kavanagh appointed CIO for PATRIZIA Immobilien AG
Augsburg, 24 January 2017. PATRIZIA Immobilien AG is pleased to announce
the appointment of Anne Kavanagh to the new role of Chief Investment
Officer (CIO) further strengthening the Company's Management Board and
reinforcing PATRIZIA's strategy to grow its international presence. Her new
role will become effective as of 17th April 2017.
Anne Kavanagh joins PATRIZIA with over 25 years of industry experience. She
joins from AXA Investment Managers - Real Assets where she has spent the
last seven years as Global Head of Asset Management & Transactions, Real
Assets, leading its asset management, development and transaction teams.
Prior to this, she has carried out leading management roles at a number of
internationally recognised businesses including: Managing Director Real
Estate at Lazard; Head of Real Estate Europe at Cambridge Place Investment
Management and International Director with responsibilities in Jones Lang
LaSalle's capital markets business.
Following Anne's appointment, the Management Board will consist of four
members: Wolfgang Egger, Chief Executive Officer; Klaus Schmitt, Chief
Operating Officer; Karim Bohn, Chief Financial Officer and Anne Kavanagh,
Chief Investment Officer. The growth of the Management Board reflects the
expansion of the Company as it seeks to provide real estate investment
solutions to its global client base.
Commenting, Wolfgang Egger, CEO, said: "Anne has built an outstanding track
record, gained by working across many property cycles and multiple
international markets. PATRIZIA is seeing significant demand from global
capital for investment into European real estate markets, and we firmly
believe that with Anne taking on this new role we will continue to build on
the good progress to date in substantially growing our pan European
footprint for the benefit of our clients."
Anne Kavanagh commented: "I am looking forward to joining PATRIZIA as CIO.
In recent years, PATRIZIA has successfully transformed from a German into a
truly European investment management platform. This is a strong basis for
further growth in all real estate asset classes and risk profiles across
Europe. I am excited to contribute my experience and network to help make
the firm a first choice for real estate investment across Europe."
Anne Kavanagh's appointment follows a prior year of notable achievements
across PATRIZIA which manages over EUR 18 billion of real estate assets.
This includes senior appointments in the U.S., in Europe and Australia to
boost PATRIZIA's global fund raising reach and capacity as well as securing
major investments for a growing number of international investors, such as
the acquisition of Germany's tallest tower, the Commerzbank Tower for an
Asian investor.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager on the real
estate market in 15 European countries for more than 30 years. PATRIZIA's
range includes the acquisition, management, repositioning and sale of
residential and commercial real estate over own licensed investment
platforms. As one of the leading real estate investment companies in
Europe, PATRIZIA operates as a respected business partner of large
institutional clients and retail clients in all major European countries.
Currently, the Company manages real estate assets worth over EUR 18
billion, primarily as a portfolio manager and co-investor for insurance
companies, pension fund institutions, sovereign funds, savings and
cooperative banks. For further information, please visit: www.patrizia.ag.
PATRIZIA Immobilien AG
The Managing Board
PATRIZIA Immobilien AG
PATRIZIA Bürohaus
Fuggerstrasse 26
86150 Augsburg
Listing: Frankfurt Official Market (Prime Standard)
ISIN: DE000PAT1AG3
SIN: PAT1AG
Contact:
Investor Relations
Michael Tegeder
T +49 821 50910-401
[email protected]
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24.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: PATRIZIA Immobilien AG
Fuggerstraße 26
86150 Augsburg
Germany
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: [email protected]
Internet: www.patrizia.ag
ISIN: DE000PAT1AG3
WKN: PAT1AG
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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