The German real estate group Patrizia has announced the appointment of Thomas Wels as the new Co-CEO of the company. The executive will be responsible for the subsequent development of the firm’s platform business and will support expansion to new business areas and international markets. Wels will take up his new role from 1 May this year.
“Wels will develop strategies to accelerate industry consolidation, including our move into new real asset classes and business areas, to further strengthen our worldwide customer-focused approach,” said Wolfgang Egger, CEO of Patrizia.
