- PATRIZIA, one of Europe's largest real estate investors, has
pledged £1bn to deliver up to 4,000 affordable, professionally
managed homes across the UK's regions and nations.
- The Prime Minister and Chancellor Merz today joined business
leaders at the first UK-Germany Regional Growth Forum in Berlin.
- Building on the forum's success, the leaders committed to
ongoing Regional Dialogue to discuss further opportunities for
growth across both countries.
Prime Minister Andy today welcomed £1bn of new
investment in affordable homes across the UK.
Meeting with the Prime Minister during today's visit to Berlin,
German investment firm PATRIZIA confirmed plans to add £1bn to
its new UK Essential Living Platform, which will deliver up to
4,000 affordable, professionally managed homes, working directly
with mayors and local partners across the UK.
Asoka Wöhrmann, CEO of PATRIZIA, said:
Our meeting with the Prime Minister reinforced a clear reality:
the UK's demand for affordable housing is also a significant
investment opportunity. PATRIZIA is already investing in homes
across the country, and we see considerable potential to do more.
By working with metro mayors and local partners, we can help
channel long-term institutional capital into the places where
housing is needed most. Neither public nor private capital can
solve this challenge alone, but together we can accelerate
delivery and create lasting value for communities across the UK.
The investment is an example of how mayoralties can work directly
with business to drive development and growth in their regions
and adds to around £4bn PATRIZIA has already invested in the
UK.
To develop this model further, the Prime Minister, along with
Germany's Chancellor Merz, brought together British and German
business leaders today at the first UK-Germany Regional Growth
Forum, to discuss further opportunities for regional growth in
both countries.
Prime Minister
said:
Growth has to reach every part of the country, not just a few
places. Germany has shown what strong regions and local
leadership can achieve, and we want to learn from that and share
our own experience.
Today is the start of a new partnership between our businesses,
regions and our cities, one that will create good jobs and
opportunity for people in both countries.
The leaders agreed to develop a deeper Regional Dialogue,
involving local areas and regions, and will work with them
to progress this, with the aim of this taking place in 2027.
