Patrizia Immobilien AG (XTER:P1Z) has been transforming itself from a pure residential property owner in Germany to a pan European real-estate asset manager. Management is committed to deep research on the company’s markets, and has one of the strongest reputations in Europe. This transition is leading to an improvement in the quality and returns of Patrizia Immobilien’s business, which is now starting to be recognized by the market.
From Wasatch International Growth (Trades, Portfolio) Fund’s Q1 2015 Commentary.
