Effective immediately, PATRIZIA Immobilien AG is rolling out a new organizational structure to keep pace with the increasing internationalization of its business activities. The new structure encompasses a number of specific regional subsidiaries, which will be responsible for local business operations based on the principle of “all business is local.”
Until now, operations have been conducted by seven companies: PATRIZIA Acquisition & Consulting GmbH, PATRIZIA Alternative Investments GmbH, PATRIZIA Immobilienmanagement GmbH, PATRIZIA Investment management GmbH, PATRIZIA Projektentwicklung GmbH, PATRIZIA Sales GmbH und PATRIZIA Wohnen GmbH. These units will all be transferred into one company known as PATRIZIA Deutschland GmbH.
Functions similar in nature will be combined into a single unit, each one under the responsibility of a managing director. On the lines of this model, the organization will also include a PATRIZIA UK, a PATRIZIA Luxembourg, a PATRIZIA Nordics, and so on. Staff functions and cross-departmental functions will continue to be based within the parent company.
However, if necessary they will be transferred to the regional companies or set up there.
