08/10/2018at 13:27

Patrizia buys EUR 40 billion proptech stake to turn RE portfolio digital

Augsburg-based asset manager Patrizia moves to digitalize its entire real estate portfolio at a price of EUR 40 billion. AI technology is to help the firm realize the goal.

Sascha Donner, co-founder and head of product at Evana | Photo: PR

by SACHA SENNOV

Frankfurt-based property technology company Evana has recently completed its financing round, and the asset manager Patrizia which also has activities in Scandinavia has acquired a strategic stake in the firm.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Influencers that advise on financial products have drawn the attention of the European Commissioner for financial services, Mairead McGuinness. | Foto: Aurore Martignoni / European Union

Fund Management

EU to crack down on "finfluencers"

Financial companies must be held responsible if hired influencers do not disclose the risk tied to investments, and violations should lead to fines or license suspension, says the EU Commission.

EU to combat "biased and unfair" investment counseling

For subscribers

Hanna Kaskela, director of responsible investment at Varma. | Foto: PR Varma.

AMNews

Finnish pension giant revamps the role of responsible investment

For subscribers

Håvard Gulbrandsen is the CEO of KLP Kapitalforvaltning, the asset manager of Norway's largest pension company Kommunal Landspensjonskasse (KLP). | Photo: PR / KLP

AMWatch

KLP: Nordic investor's share of active funds is irrational

For subscribers

AMNews

AMWatch closed on Monday, May 29

"The purpose of this law package is to improve results for retail investors," Executive Vice-President of the European Commission, Valdis Dombrovskis says. | Foto: Tt News Agency/Reuters/Ritzau Scanpix

Fund Management

EU to combat "biased and unfair" investment counseling

For subscribers

At least 40,000 years old paintings that depict animals discovered in caves on the island of Sulawesi are rewriting the history of art. | Foto: Handout/Reuters/Ritzau Scanpix

AMNews

Oil fund puts Indonesian company on observation list, fearing damage to cultural heritage

EU to crack down on "finfluencers"

Financial companies must be held responsible if hired influencers do not disclose the risk tied to investments, and violations should lead to fines or license suspension, says the EU Commission.

For subscribers

Kasper Elmgreen is leaving Amundi to become the new CIO of Fixed Income & Equities at Nordea Asset Management. | Foto: Amwatch / Søren Rathlou Top

Fund Management

Nordea hires Amundi's Kasper Elmgreen as new CIO

Nordea Asset Management has found a new CIO of Fixed Income & Equities, AMWatch has learned. (updated)

For subscribers

Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: Jan Bjarke Mindegaard

Fund Management

Analysis: How urgent are cost cuts in the AM industry?

The asset management industry is facing a significant growth in costs when several managers struggle to get sales and income back on track. Is it constant care and prudent business to act now?

For subscribers