JLL appointed commercialization agent for PATRIZIA office building portfolio

PATRIZIA, a leading partner for global real assets, has appointed JLL as the commercialization agent for its office portfolio, consisting of eight buildings with space totalling about 65,000 sqm. JLL acts as a partner of MVGM, the new property manager of PATRIZIA’s portfolio.

As part of its portfolio, PATRIZIA has over €47 billion in assets under management and over 400 institutional clients. The company has been operating in Europe for 37 years and has gradually expanded to other continents. Now, with 24 offices – including 19 in the EU as well as the UK and Ireland – it has positioned itself in key real estate markets. As part of its cooperation with JLL, the company will commercialize buildings located in Warsaw and Wrocław.

“We close the first quarter of 2021 by establishing cooperation on the commercialization of eight office buildings with a total leasable area around 65,000 sqm. We are very pleased that PATRIZIA has selected JLL as a partner to handle its properties in Poland. Building relationships with owners, managers, and office tenants in such times is an enormous challenge and requires the appropriate experience and competencies. It is the more reason to thank PATRIZIA for placing its trust in our company,” comments Michał Lis, Director, Office Leasing, JLL.

MVGM serves as the property manager of the office buildings owned by PATRIZIA. Together with JLL, MVGM will be responsible for contacts with both current and future tenants.

“Managing a real estate portfolio is a unique business challenge where, especially nowadays, strong know-how, experience and access to best practices count. That is why we are delighted that in this project we will be able to work with JLL’s team of experts, which we know very well, value and with whom we have already developed effective methods of collaboration. Our goal is to build strong relationships with current and potential tenants of office buildings within the portfolio and create a strategy that will allow for smooth functioning in the conditions of the new normal,” says Katarzyna Jaśkiewicz, Client Account Director at MVGM.