Latest deal increases Patrizia’s assets in the Iberian Peninsula to close to €1bn. : The €40bn real estate manager said it has acquired the Tagus Square hotel development in Lisbon from a private individual for an undisclosed sum. Patrizia said the latest transaction increases its managed assets in the Iberian Peninsula to close to €1bn. Augusto Zunzunegui, transactions director Patrizia Iberia, said: “This acquisition of one of the few landmark Lisbon hotel developments on behalf of our client demonstrates our ability to secure high-quality assets in a very competitive market place and is underpinned by our local market expertise.