Patrizia Immobilien has acquired LB Immo Invest, the Hamburg-based real estate investment company that launches special funds. It was sold by HSH Real Estate, a subsidiary of HSH Nordbank AG. The parties agreed not to disclose the purchase price. 'We are significantly expanding our service business with this acquisition and have increased our assets under management to over EUR 5 bn,' said Patrizia CEO Wolfgang Egger.
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