PATRIZIA Extends Dawonia Mandate and Secures Exit Carry Scheme

PATRIZIA SE has secured a long-term extension of its investment management mandate with investors in its flagship fund, Dawonia Real Estate GmbH & Co. KG. This extension is effective until the end of 2030, with potential further renewals. The fund, involving around EUR 5 billion, has been under PATRIZIA’s management since 2013.

The agreement allows PATRIZIA to realize part of its exit carry entitlement, providing gross payments of approximately EUR 49 million annually from 2026 to 2029, with a future option for a subsequent payment in 2031, subject to conditions. This is expected to positively influence PATRIZIA's financial position in the coming years. Remaining entitlements will be addressed once the Dawonia investment concludes.