Patrizia forays into Abu Dhabi market with new office

German real assets investment manager Patrizia has broadened its presence with the establishment of its first Middle East office in Abu Dhabi.

This strategic move follows the receipt of Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FRSA) of Abu Dhabi Global Market (ADGM).

Through the new office, Patrizia intends to serve its investment partners in the UAE and the wider Gulf region, enhancing its relationships with sovereign wealth funds, institutional investors, family offices, and private wealth clients.

Patrizia CEO Asoka Wöhrmann said: “The establishment of our Abu Dhabi office is a vital part of our global strategy to expand our footprint in high-growth regions, deepen our international partnerships and build a diversified and sustainable investment portfolio that meets the evolving needs of our clients, while supporting Abu Dhabi’s continued rise as a leading financial hub.”

The office is expected to enhance Patrizia’s capacity to manage global equity and debt investments, working with established Gulf Cooperation Council (GCC) investors to support its broader investment strategies.

Additionally, the company’s four decades of expertise in the living sector will play a key role in its Middle Eastern strategy, offering residential and co-living solutions tailored to Gulf-based clients.

To lead the new regional office, Patrizia has appointed the company’s MENA & ANZ Global Client Solutions head JC Klein, who has relocated to Abu Dhabi.

Klein will work on strengthening investor relationships and supporting partnerships aligned with the region’s investment priorities.

Klein said: “Establishing a presence in the Middle East allows us to deepen relationships and deliver tailored investment strategies that fully align with the priorities of our local clients.

“This move also underscores Patrizia’s and my personal commitment to knowledge exchange, delivering successful investments, and contributing to Abu Dhabi’s position as a leading, global financial hub. By combining local proximity with global expertise, we aim to create value for our investment partners and support the impressive economic growth of the region.”

With the opening the Abu Dhabi office, Patrizia now operates 26 global locations, managing approximately €56bn in assets.

In March 2023, Patrizia partnered with iCapital to provide wealth managers with access to certain PATRIZIA investment solutions through Allfunds, the world’s largest fund distribution network.