09.01.2019 PATRIZIA Immobilien AG  DE000PAT1AG3

DGAP-News: PATRIZIA Immobilien AG: PATRIZIA grows Asian network with acquisition of Japan-based Kenzo Capital Corporation


DGAP-News: PATRIZIA Immobilien AG / Key word(s): Mergers & Acquisitions
PATRIZIA Immobilien AG: PATRIZIA grows Asian network with acquisition of Japan-based Kenzo Capital Corporation

09.01.2019 / 08:30
The issuer is solely responsible for the content of this announcement.

Business acquisition offers 'two-way' benefits

PATRIZIA grows Asian network with acquisition of Japan-based Kenzo Capital Corporation

- Secures a local platform for Japanese institutions to deploy capital in Europe alongside PATRIZIA's local and global client base
- Builds on PATRIZIA's existing fund administration relationship with KENZO
- Offers PATRIZIA's client base improved access to Japanese real estate market through an experienced local team 

Augsburg/Tokyo, 9 January 2019. PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired the business of Kenzo Capital Corporation, the Tokyo-based real estate advisory and asset management firm, as well as the fund management and placement activities of Kenzo Japan Real Estate GmbH. This is an important step in PATRIZIA's objective to grow its international network and offer European investment opportunities to an increasing number of global clients.
Kenzo Capital Corporation was founded in 2008 by Dr Leonard Meyer zu Brickwedde. KENZO is an established local platform with experience in serving European clients interested in investing in Japanese residential real estate through a dedicated fund which was launched in 2017 in cooperation with PATRIZIA. Meyer zu Brickwedde himself has vast experience of the local Japanese investment markets having previously headed the Tokyo branch of what is now UniCredit.
PATRIZIA has raised approximately EUR 3 billion in equity over the past few years from Asian investors. The acquisition of the KENZO business will further support this demand. PATRIZIA has been growing its reach in recent years and now has 24 offices globally, including client relationship hubs in Japan, Hong Kong, South Korea, Australia, and the US, as well as across Europe.
More than half of PATRIZIA's institutional clients globally invest in multiple PATRIZIA products. The acquisition of KENZO establishes PATRIZIA in Japan and presents Japanese institutional investors with the opportunity to diversify their portfolios - for all asset classes, all risk profiles in all major European countries - via a local platform as part of an established pan-European organisation.
Wolfgang Egger, Chief Executive Officer of PATRIZIA, commented: "The acquisition of KENZO is a continuation of the cooperation we have with them and is an opportunity for us to further grow our global network. Offering clients a wide-ranging choice alongside the pursuit of best-in-class, risk-adjusted returns lie at centre of everything we do at PATRIZIA. This acquisition offers 'two-way' benefits for many of our clients as well as new ones. Crucially, it secures a platform that will allow us to continue our drive to help deploy Asian capital in the European markets we have been actively investing in for almost four decades."
Dr Leonard Meyer zu Brickwedde, President and CEO of Kenzo Capital Corporation, said: "KENZO has successfully established itself as a trusted partner in the Japanese real estate market. In PATRIZIA we have found the right partner to enable Japanese institutional investors, with whom we have longstanding relationships, to invest in European real estate. Equally, PATRIZIA recognises KENZO as a competence centre through which its European clients are able to invest in Japan thereby growing the fund we jointly launched in 2017."
About Kenzo Capital Corporation
Kenzo Capital Corporation was established in 2008 as a platform to carry out investment advisory services and asset management in Japanese real estate. Its target clients are foreign real estate investors, particularly European clients. The nine-strong team, together with Kenzo Japan Real Estate GmbH as fund manager, manages a fund it launched in cooperation with PATRIZIA in 2017.
PATRIZIA Immobilien AG:
PATRIZIA Immobilien AG has been active as an investment manager in the real estate market across Europe for more than 35 years. PATRIZIA's activities include the acquisition, management, repositioning and sale of residential and commercial real estate through its own licensed investment platforms. As a global partner for pan-European real estate investment, PATRIZIA operates as a respected business partner of large institutional investors and retail investors in all major European countries. PATRIZIA manages around EUR 40 billion of real estate assets, primarily as an investment manager for insurance companies, pension fund institutions, sovereign funds, savings and cooperative banks and as co-investor. For further information, please visit: www.patrizia.ag.

Contact Investor Relations:
Martin Praum
Head of Investor Relations
Phone: +49 821 50910-402
[email protected]

09.01.2019 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
Phone: +49 (0)821 - 509 10-000
Fax: +49 (0)821 - 509 10-999
E-mail: [email protected]
Internet: www.patrizia.ag
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

764335  09.01.2019 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 384,86 817,88 249,57 350,63 398,70 301,69 0,00
EBITDA1,2 175,08 328,11 95,79 120,78 136,92 115,69 0,00
EBITDA-Marge3 45,49 40,12 38,38 34,45 34,34 38,35 0,00
EBIT1,4 168,02 321,98 87,11 78,55 81,36 73,38 130,00
EBIT-Marge5 43,66 39,37 34,90 22,40 20,41 24,32 0,00
Jahresüberschuss1 134,46 256,26 58,90 58,12 56,35 40,68 0,00
Netto-Marge6 34,94 31,33 23,60 16,58 14,13 13,48 0,00
Cashflow1,7 90,41 503,38 17,20 -53,35 56,62 82,87 0,00
Ergebnis je Aktie8 1,45 2,83 0,60 0,57 0,58 0,42 0,90
Dividende8 0,00 0,00 0,25 0,27 0,29 0,30 0,33
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

WKN Kurs in € Einschätzung Börsenwert in Mio. €
PAT1AG 21,750 Halten 2.008,64
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,52 21,58 0,96 25,17
1,66 24,24 6,66 16,30
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,29 0,30 1,38 14.10.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
12.05.2021 05.08.2021 11.11.2021 18.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-2,77% -5,75% -17,14% -4,40%
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