Patron Capital Partners is a private equity company that does investments in a number of real estate projects throughout Europe. Now, it is planning to spend more than Eur1 billion or US$1.3 billion on properties located in properties located in Germany in the next two years.
In a statement, Keith Breslauer, founder and managing director of Patron said, "We have a strong appetite for real estate in Germany and are dedicated to spending considerable amounts of our investment capital and internal capacities on opportunities in this region."
Currently, Patron manages nearly six million square feet of properties located in many areas in Germany such as Berlin's Mitte district, Generator brand youth hostels and a number of railway buildings and land. According to property experts such as Aviva Investors, Germany continues to provide the lowest amount of risk for purchases of real property as the German economy continues its growth despite the current recession in Europe.
The company, throught its website said that it has raised nearly Eur1 billion through September 2012 for purchases of distressed real estate and other properties throughout Europe. The fund is called the Patron's Fund IV, operated by the London-based company with about half of it already been invested.
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