Property manager Rockspring bought by German counterpart
Rockspring Property Investment Managers has been bought by German counterpart Patrizia Immobilien, bringing together assets under management worth approximately €40bn. Rockspring specialises in the acquisition and management of commercial property across the UK and mainland Europe. It has a client base of more than 120 institutional investors and employs 110 people in seven offices across Europe. Its fund brands, including Rockspring TransEuropean, Rockspring PanEuropean and Rockspring Hanover, will be unaffected following the closure of the deal.