Patrizia buys EUR 40 billion proptech stake to turn RE portfolio digital

Augsburg-based asset manager Patrizia moves to digitalize its entire real estate portfolio at a price of EUR 40 billion. AI technology is to help the firm realize the goal.

Sascha Donner, co-founder and head of product at Evana | Photo: PR

Frankfurt-based property technology company Evana has recently completed its financing round, and the asset manager Patrizia -- which also has activities in Scandinavia -- has acquired a strategic stake in the firm.

The proptech firm says it has raised a "high single-digit million Euro amount" from investors.

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