PATRIZIA Sells Multi-Let London Industrial Property Reflecting a NIY of 3.5%

Patrizia has sold a multi-let industrial asset in Barking, London, to the London Borough of Barking and Dagenham on behalf of its UK-focused, actively managed, open ended fund, Patrizia Hanover Property Unit Trust. Hanover, which is consistently outperforming its benchmark, the MSCI/AREF UK property fund index on a three, five and ten-year basis, has a net asset value of circa £500m spread across 19 UK assets and 50-year history.