German property company Patrizia has acquired more than €1.3bn worth of local residential real estate on behalf of a group of pension funds and insurers.
The consortium consists of the Swedish buffer fund AP3 (25%); an unnamed Swiss pension fund (5%); three German first-pillar pension funds (25%); five German insurers (40%); a savings bank (3%); Patrizia itself (2%)………………………………………..Full Article: Source