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Patrizia Raises More Than €1 Billion for its Latest Fund which will Invest in Logistics Assets in Spain

The manager has announced the closure of its flagship fund TransEuropean VII LP ("TEP VII"), which has reached its maximum capital limit of 750 million euros and which plans to invest more than 1 billion euros over 3 years.

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Seat factory in Martorell.

The fund has a budget of more than 1 billion euros to invest over the next 3 years. In the last round of fundraising, “which was oversubscribed, another 116 million euros was obtained from new capital commitments,” explain sources from the company.

Backed by institutional investors from the UK, Europe, the US, the Middle East and Asia, the fund is the largest in the Patrizia TransEuropean series, exceeding TransEuropean Property LP VI (‘TEP VI’), which raised 430 million euros.

Read the full article in Spanish.

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