Patrizia has launched a Berlin residential development programme through a new joint venture, targeting a total development volume of up to €500 million in one of Europe’s most structurally undersupplied housing markets.
Patrizia has partnered with Berlin-based developer Cosimo Investment Group to develop an initial pipeline of around 2,000 residential units “over the coming years”, with up to €200 million of equity capital to be deployed through Patrizia’s Living strategy within the overall €500 million development programme.
The cooperation forms part of Patrizia’s pan-European Living investment platform, which is deploying capital into high-conviction, value-add residential opportunities in structurally undersupplied urban markets across Europe.
The two companies said the joint venture “establishes a long-term partnership structure under which projects will be evaluated and executed on an asset-by-asset basis”. Cosimo will be responsible for securing development rights and managing construction, while Patrizia retains responsibility for investment strategy, financing and asset management oversight.
Source: realassets.ipe.com on the 9th March 2026