Tag Archives: Real estate

Ratos AB: HENT divests residential development operations

Ratos

Ratos’s subsidiary HENT has signed an agreement to sell its residential development operations, HENT Eiendomsinvest, to Fredensborg Bolig. The sale will generate a capital gain of approximately NOK 85m.

HENT has signed an agreement to sell its subsidiary HENT Eiendomsinvest to Fredensborg Bolig. The agreement includes a potential additional purchase consideration if Fredensborg Bolig decides to utilise an option linked to the expansion of a project outside Oslo. The sale of the operations is expected to generate a capital gain of approximately NOK 85m, including the potential additional purchase consideration. The sale is expected to be completed in the second quarter of 2018.

HENT Eiendomsinvest makes up the majority of HENT’s current residential development operations and comprises some 1,200 planned apartments in which HENT’s average holding is nearly 50%. As of
31 December 2017, the operations had not yet made any significant contributions in terms of earnings.

“In a short period of time, HENT has established itself as a player in the Norwegian residential development market, with the intention of a long-term commitment. However, Fredensborg Bolig has made us a very attractive offer and is a buyer with significant competence to develop the operations going forward,” says Mårten Bernow, Director at Ratos.

For further information, please contact:

Mårten Bernow, Director Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, +46 8 700 17 98

Financial calendar from Ratos:
Interim report January-March 2018                 3 May 2018
Annual General Meeting 2018                         3 May 2018
Interim report January-June 2018                   17 August 2018
Interim report January-September 2018          25 October 2018

Categories: News

Tags:

InfraRed NF invests in Hong Kong’s premium self-storage provider RedBox Storage Limited

InfraRed Capital Partners

InfraRed NF, the leading Greater China real estate investment manager, is pleased to announce the acquisition of a 90% shareholding in RedBox Storage Limited (“RedBox”), a premium self-storage provider in Hong Kong.

The initial commitment of US$50 million forms the equity component of a business plan seeking to create the market leading self-storage platform in Hong Kong through a series of direct property acquisitions across the territory.

RedBox is InfraRed NF’s second investment in the self-storage market after investing US$28 million in China Mini Storage, an intelligent technology-led, leading self-storage operator in China, in 2017. InfraRed NF will bring existing knowledge of the industry as well as expertise as one of Greater China’s leading real estate investors to support RedBox’s preferred model of owning its own sites providing longevity and long-term security to its customers.

RedBox was founded in 2014 by E3 Capital Partners and offers the highest quality facilities including climate control and 24-hour security. RedBox leads the market in terms of security and the strategically located high profile sites are being optimally designed for fire safety, in keeping with local regulations.

The company is rapidly expanding to provide flexible bespoke storage solutions for personal and business customers across the territory. By the end of the investment program RedBox will command a leading market share in over seven key districts to provide its customers with clearly differentiated self-storage solutions defined by value-for-money and impeccable service.

Stuart Jackson, CEO of InfraRed NF, said: “This is an exciting time for RedBox as it continues to develop into the market leader in Hong Kong. Ownership of their properties provides an attractive real estate investment opportunity in a market where demand for self-storage is high and supply is constrained by the Government revitalisation programme and regulations following the 2016 fire in Ngau Tau Kok.”

Simon Tyrrell, CEO of RedBox, said: “InfraRed NF’s investment will be used to expand our existing operations across additional sites in Hong Kong and further develop our technology and logistics platform to continue to lead the industry into the next generation of self-storage. We are excited to work with InfraRed NF as they will bring significant value through their wealth of knowledge of the sector as well as the wider real estate market, and this will support us with the next stage of our development.”

Enquiries

Tulchan Communications
+65 6222 6375
InfraRedNF@tulchangroup.com
Giles Kernick

 

More Information

About InfraRed NF

InfraRed NF is a Hong Kong-based joint venture, formed as a long-term and sustainable partnership between InfraRed Capital Partners and Nan Fung Group. Established in 2007, InfraRed NF is a leading investor in the Asian real estate market with a proven track record of delivering superior returns through a combination of mezzanine financing and value-add investing.

InfraRed is a leading global investment manager focused on infrastructure and real estate. It operates worldwide from offices in London, Hong Kong, New York, Seoul and Sydney and has launched 17 funds including two listed on the London Stock Exchange. With over 130 professionals, it manages in excess of US$10bn of equity in multiple private and listed funds, primarily for institutional investors across the globe.

Established in 1954, Nan Fung Group has transformed from a textile manufacturer into a fully integrated, multi-disciplinary conglomerate in Hong Kong with global interests in real estate development and investment. As one of Hong Kong’s most established developers, Nan Fung Group is a seasoned real estate investor with over 130 real estate projects covering residential, commercial and industrial buildings. Nan Fung Group’s proactive China expansion strategy has built up a portfolio of prime real estate projects across multiple major Chinese cities, and the group has an extensive network of relationships across Asia.

 

 

Categories: News

Tags:

Latour acquires Sensortec, an independent Swiss provider of sensors for building automation

Latour logo

Investment AB Latour (publ) has, through its subsidiary Bemsiq AB, acquired Sensortec Holding AG, a leading Swiss company active in sensors and transmitters for building automation. The seller is Mr. Beat Steiner, who is also the CEO of the company. The acquisition further strengthens Bemsiq’s offering in products and services for building automation, and expands the group’s geographical reach.

Sensortec is based in Ins in the canton of Berne, Switzerland. The product range includes a holistic offering of field devices for building automation, but also touchless sensors for door automation systems under the brand SENSIR. The majority of the products are based on own design and proprietary technology, but the portfolio also includes selected third party products from leading suppliers to build a complete offering. The company has 10 employees and annual revenue of CHF 5.3 million in 2017.

“I am happy to welcome Sensortec to the Bemsiq group of companies”, says Pär Arvidsson, CEO for Bemsiq. “We have known the company for many years as Produal’s main partner in Switzerland, and their wide range and high product quality is very appreciated by local system integrators. The acquisition is an important step in our ambition to grow on the international market for building automation.”

“I see Bemsiq and Latour as very good long-term owners of Sensortec”, says Mr. Beat Steiner, CEO and former owner of Sensortec. “We have a strong cultural and operational fit and I see, building on our team and know-how, many exciting opportunities as we join forces, especially in product development and sales.”

Göteborg, 23 March, 2018

INVESTMENT AB LATOUR (PUBL)
Jan Svensson
President and CEO

For further information, please contact:
Pär Arvidsson, CEO Bemsiq AB, +46 70 324 72 53

Bemsiq is a subsidiary of Investment AB Latour’s business area Latour Industries, and forms a group of companies providing innovative products and services for building automation, metering and energy efficiency.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 47 billion. The wholly-owned industrial operations generated a turnover of almost SEK 10 billion in 2017.  

Categories: News

Tags:

Latour divests Kabona to Nordomatic AB

Latour logo

Investment AB Latour (publ) has, through its subsidiary Latour Industries, divested Kabona AB to Nordomatic AB, the largest independent system integrator within building automation in the Nordic region.

The divestment is in line with the fact that Latour for a long time has streamlined its operations to include investments in companies based on product ownership and opportunities for internationalization.
Kabona AB was divided into two separate companies in 2017, where Ecopilot AB took over the product ownership of the Ecopilot product concept. Kabona AB has subsequently streamlined its operation to focus on energy efficiency projects in building automation.

“This is a very exciting business transaction that opens up for new opportunities. Our ambition for all employees and customers is that they shall experience that we focus on knowledge development for each individual and that we continue our pursuit being an industry pioneer with new technical solutions for smart buildings. Kabona’s expertise in energy efficiency and the company’s deep-end customer relations will strengthen the Group considerably”, says Olov Schagerlund, President and CEO of Nordomatic.

“We are pleased that Kabona gets a new home in Nordomatic and thereby gets a committed owner and becomes a part of the Nordic region’s largest independent building automation partner,” says Björn Lenander, CEO of Latour Industries. “We look forward to continued good cooperation with Nordomatic and Kabona as partners for Ecopilot AB and customers for several of our Bemsiq operations”.

Göteborg, 22 March, 2018

INVESTMENT AB LATOUR (PUBL)
Jan Svensson
President and CEO

For further information, please contact:
Björn Lenander, CEO Latour Industries AB, +46 70 819 47 36
Mikael Johnsson, Business development Investment AB Latour, +46 73 323 3606

Latour Industries AB consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities, which can eventually become new business areas within Latour.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 48 billion. The wholly-owned industrial operations generated a turnover of almost SEK 10 billion in 2017.  

 

Categories: News

Tags:

Ardian Real Estate signs agreements to acquire two major buildings in Paris

Ardian

Paris, 8 March 2018 – Ardian, a world-leading private investment company, today announces the signing of two sales agreements concerning the acquisitions of two office buildings in Paris. The acquisitions represent the second and the third transactions completed by Ardian Real Estate in France, both in line with Ardian Real Estate’s strategy of investing in commercial real estate assets with a strong potential for value creation.

The first transaction is for an office building located on 2 place Rio-de-Janeiro in the 8th district of Paris, near the Parc Monceau. This complex will be subject to a complete refurbishment to bring it in line with prime standards.

The second acquisition, the radio station ‘Europe 1’’s building, has been the headquarters of the radio station since it was established in 1955. The complex is located at 26 to 32 rue François 1er in the 8th district of Paris, within the Golden triangle of Parisian real estate. The building will be subject to a large refurbishment in order to, notably, optimize office spaces to prime standards and create new spaces for high quality retail shops. This acquisition is the second completed with Lagardère, after acquiring the Europa building in Levallois-Perret in June 2017.

Stéphanie Bensimon, Managing Director Ardian Real Estate, said: “Signing these two sales agreements just a few days after successfully raising over 700 million euros for our first-time Real Estate fund is a reflection of the strength of the team, as well as its ability to find attractive investment opportunities. Both acquisitions are perfectly in line with our “core-plus/value-added” strategy and we look forward to apply our redevelopment plans to bring these properties to prime standard.”

LIST OF PARTIES INVOLVED
Place de Rio
Investment manager/ Purchaser: Ardian
Purchaser’s advisors: Arsène-Taxand, Orféo,
Architect: DTACC
Seller’s advisors: Cushman & Wakefield

Rue Francois 1er
Investment manager/ Purchaser: Ardian
Purchaser’s advisors: Linklaters, Arsène-Taxand, JLL AMO, SCC Vendôme & Studio Mainardi
Architect: CALQ
Seller’s advisors: Cushman & Wakefield, Cabinet Lacourte, Raquin, Tatar

ABOUT ARDIAN
Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 490 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore, Tokyo). It manages funds on behalf of c.700 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

www.ardian.com

 

CONTACTS PRESSE

ARDIAN
Headland
Carl Leijonhufvud
cleijonhufvud@headlandconsultancy.com
Tel: +44 020 3805 4827

PDF version

Categories: News

Tags:

Ardian Real Estate raises €700 million for inaugural fund

Ardian

Paris, March 1st 2018 – Ardian, a world-leading private investment house, today announces that it has raised more than €700 million for its first Real Estate European Fund, confirming Ardian’s position as now one of Europe’s leading private equity real estate investors. The fundraising marks the company’s continued growth into new attractive segments of the market as it meets the evolving needs of its investors. Real Estate is Ardian’s fifth pillar of investment activity alongside Fund of Funds, Direct Investment, Infrastructure and Private Debt.

The significant interest among investors once again underscores the strength of Ardian’s fundraising capability and trust of its investors, a group which comprises major pension funds, insurance companies, financial institutions, and High Net Worth Individuals across the world. In total, the Ardian Real Estate European Fund attracted nearly 50 investors from 11 different countries.

Adopting the multi-local presence and long term, disciplined investment philosophy present in the company’s other investment pillars, Ardian Real Estate combines the company’s on-the-ground knowledge and relationships with the global perspective, which has always given Ardian its competitive edge. The fund which has an investment sweet spot of €50 to €150 million, targets commercial property assets with a significant size in the core-plus / value-added segment and seeks to significantly enhance rental income through active asset management. The fund focuses on the main cities of the three largest economies in the Eurozone (Germany, France and Italy), where Ardian already has an extensive background in direct private investment.

The fund has already successfully deployed significant amounts of capital across four different attractive investment opportunities in its core markets of Germany, France and Italy:

  • November 2016 – Wappenhalle (Konrad) office premises and business park complex in Munich, acquired from real estate asset manager, publity AG
  • February 2017 – Six office buildings located in Milan, Rome and Bari, acquired from real estate fund, Cloé
  • June 2017 – ‘Europa’ building in Levallois, West of Paris, acquired from media group, Lagardère as a joint venture with LaSalle Investment Management
  • December 2017 – Heinemann Bogen office complex in Munich’s Neuperlach district, acquired from a fund managed by Corpus SIREO Real Estate Sireo, owned by Swiss Life Asset Managers

Dominique Senequier, President of Ardian, said: “This is a significant achievement for Ardian Real Estate, and indeed for the company more broadly. Ardian has already established itself as a leading player in the global investment industry. Now, this fund confirms our position as one of the key players within real estate. Ardian Real Estate, which is Ardian’s fifth investment pillar, was always a natural progression for us, and this fund signifies the growing strength and variety of our offering to investors.”

Bertrand Julien-Laferrière, Head of Ardian Real Estate, added: “This fund is a milestone moment for Ardian Real Estate. The positive reception and strong support for this fund among both existing and new investors shows the appetite for this asset class. It is also recognition of Ardian’s strong track record and of the quality of its real estate teams in Paris, Frankfurt and Milan. We have already been able to deploy capital across nine assets that perfectly fit our strategy, highlighting the attractive investment opportunities that exist on the market and we’ll announce significant new transactions in the coming months. With the success of this fund, the market gets a new and exciting entrant that benefits from Ardian’s multi-local presence and long term, disciplined investment philosophy.”

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$67bn managed or advised in Europe, North America and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 480 employees working from thirteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), North America (New York, San Francisco) and Asia (Beijing, Singapore and Tokyo). It manages funds on behalf of 675 clients through five pillars of investment expertise: Real Estate, Funds of Funds, Direct Funds, Infrastructure and Private Debt.

Follow Ardian on Twitter @Ardian

www.ardian.com

Categories: News

Tags:

Eurazeo Patrimoine announces the acquisition of C2S GROUP

Eurazeo

Eurazeo Patrimoine, the Eurazeo division specializing in investments in tangible assets, is pleased to announce the acquisition of C2S Group from Bridgepoint. The investment company will invest c. €100 million to become the group’s majority shareholder, alongside management and medical practitioners.

The transaction is subject to the approval of the French Competition authority and should be completed in the first quarter of 2018. C2S Group is the eighth largest private clinic operator in France and a regional leader in Auvergne, Rhône-Alpes and Burgundy Franche-Comté. It operates 11 clinics, primarily specializing in short and medium-length stays in general medicine, surgery and follow-up care. It also wns the buildings for seven of its clinics. The group has 500 medical practitioners, who are partners in the group’s governance and nearly 1,800 employees. In 2016, it treated over 235,000 patients (75% as outpatients) and reported revenue of €158 million. The group’s growth is founded on long-term societal trends. The French hospital care market was €195 billion 2015 (second largest in Europe) and is growing steadily.

C2S also enjoys an ideal regional footprint in one of the most densely populated and attractive areas in France. C2S Group has strengthened the management of its operations and real estate assets, while implementing an active external growth strategy,acquiring notably Hôpital Privéd’Ambérieu in 2015 and the Avenir Santé Group in 2016.

Since 2015, it has invested heavily in modernizing the group and improving its operating performance, benefiting from a relationship of trust with regional health authorities. Eurazeo Patrimoine’s experience in accompanying companies, combined with its real estate management expertise and its historical knowledge of the region, will drive the acceleration of C2S Group’s development, particularly through external growth.

For Renaud Haberkorn, Managing Partner and Head of Eurazeo Patrimoine: “We’re thrilled to offer our real estate and operational support and expertise to C2S Group. Its development and transformation in recent years has been quite remarkable. With its strong local footprint and Eurazeo Patrimoine’s support, we’re sure the group will continue its growth momentum and seize the many development opportunities available to it. This investment fits perfectly with Eurazeo Patrimoine’s strategy at the crossroads of the real estate and private equity businesses.”

For Jean Rigondet, Chairman of C2SGroup: “We’re delighted to welcome Eurazeo onboard and to work together to continue the group’s development strategy. With Bridgepoint ’s support, we successfully completed several projects and undertook essential work across all our clinics. We’re now eager to start a new chapter in C2S Group’s history alongside Eurazeo Patrimoine.

Further improvements in performance will be founded on exemplary medical governance and our teams, of which we are immensely proud, confirming our position in the Greater Center-East region.”

About Eurazeo

With a diversified portfolio of approximately ~€8 billion in assets under management, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paolo. Its purpose and mission is to identify, accelerate and enhance the transformation potential of the companies in which it invests. The firm covers most private equity segments through its five business divisions – Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. As a global long-term shareholder, the firm offers deep sector expertise, a gateway to global markets, and a stable foothold for transformational growth to the companies it supports.

Eurazeo is listed on Euronext Paris.

ISIN: FR0000121121 – Bloomberg: RF FP – Reuters: EURA.PA

 

 

Categories: News

Tags:

ONELA, Colisée’s new home care services Brand Name

ik-investment-partners

Paris – January 15th 2018 – Colisée reaffirms its commitment to senior citizens and their loved ones’ care with the launch of its Brand Name ONELA, Bien à la Maison and Nouvel Horizon Services’ new common Brand Name.

With close to 70 agencies, ONELA, home services specialist, is abundantly present throughout the country, without brand franchising, in order to insure standardized values and good practices shared by its 2900-employee staff. ONELA is renowned for the quality of the services it provides to elderly and handicapped people as well as people in recovery and their caregivers.

Thanks to their proximity, responsiveness and 24-hour activity the ONELA teams are able to meet the needs expressed in all circumstances by more than 12.000 beneficiaries daily.

ONELA emphasizes its demanding recruitment process and its training policy devised to ensure an efficient and homogeneous service. With this objective, ONELA fully profits from the Colisée Group’s renowned expertise, both in France and internationally, in the elderly people’s sector.

To outline its difference, ONELA relies on a strong identity highlighted by its motto “Etre bien chez soi” (“Feeling good at home”) and new additional services such as tele-advice or teleconsultation: a 24-hour, 7 days a week medical service which makes it possible for someone to get in touch strictly confidentially with a doctor in order to talk, get some advice or reassurance and if necessary be directed towards an appropriate service.

With its brand-new redesigned website (https://www.onela.com) which promotes both the staff and the agencies and boasts a recruiting section and an easily noticeable identity, ONELA will endeavour to find and offer regular new services, truly suited to the current expectations of senior citizens who would like to live independently and at home as long as possible.

Categories: News

Tags:

KKR Closes $2.0 Billion Real Estate Partners Americas II Fund

KKR

NEW YORK– KKR, a leading global investment firm, today announced the final closing of KKR Real Estate Partners Americas II (“REPA II” or the “Fund”), a $2.0 billion fund dedicated to value add and opportunistic real estate investments primarily in the U.S.The Fund includes approximately $230 million of capital from KKR’s balance sheet and employee commitments.

REPA II is the successor fund to KKR Real Estate Partners Americas (“REPA I”), KKR’s first dedicated real estate fund, which completed fundraising in December 2013 with $1.5 billion in capital commitments and has already returned more than 70 percent of its capital to investors. REPA I is fully committed.

“Since the inception of our real estate platform, we have leveraged KKR’s sourcing channels, access to underwriting information, and operational expertise to create strong value-driven real estate investments. Seven years later, we are proud of our progress in scaling both our real estate equity and credit strategies to create differentiated investment opportunities for our investors,” said Ralph Rosenberg, Member and Global Head of KKR Real Estate.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, sovereign wealth funds, insurance companies, financial institutions, foundations, endowments, family offices, and high net worth individual investors.

“We are pleased to have the backing of many investors from around the world who share in our enthusiasm for REPA II, helping us surpass our initial target for the fundraise – a testament to the strength of the KKR Real Estate team and the KKR franchise,” said Suzanne Donohoe, Member and Global Head of KKR’s Client and Partner Group.

Since launching a dedicated real estate platform in 2011, KKR has invested or committed over $5 billion in capital across more than 60 real estate transactions in the U.S., Europe and Asia as of September 30, 2017. The global real estate team consists of over 50 dedicated investment professionals, spanning both the equity and credit businesses.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

KKR
Kristi Huller or Cara Kleiman Major
+1 212-750-8300
media@kkr.com

Source: KKR & Co. L.P.

 

 

Categories: News

Tags:

Vaaka Partners sells Ovenia

VAAKA PARTNERS SELLS OVENIA, THE LEADING FINNISH REAL ESTATE MANAGEMENT SERVICES COMPANY, TO COLLIERS INTERNATIONAL

04 Jan 2018 14:33

Ovenia is the leading property management service provider in the Finnish market. The company offers real estate management related services for shopping centers, business premises and residential property owners and users with nationwide operations. Today, Ovenia has an annual turnover of over 45 million euro and it operates from 26 locations. Customers are served by over 500 real estate professionals who provide property and residential management services, technical, environmental and energy efficiency services, and commercial leasing.

”It has been a great journey to take part in developing Ovenia into a leading player within property management in Finland. We are very satisfied to see that we have found a new strong international owner for Ovenia that will continue to develop the company in its following development phase. During our ownership, Ovenia has tripled in size and developed into a full scope property management company serving all real estate customer segments with a broad service offering”, comments Ilkka Hietala, Partner at Vaaka Partners.

“This acquisition represents an important milestone in our Nordic and Pan-European growth strategy,” said Chris McLernon, Colliers International EMEA CEO. “Our clients have been asking us to strengthen our presence in the Nordics for some time and with this investment, we enter the market as the undisputed leader. Our new business in Finland also enhances our existing property and asset management platform throughout the Nordics and wider EMEA region.”

“With a shared culture of service excellence together with the best professionals in the property management industry, we have created an industry leader in Finland,” said Sirpa Ojala CEO of Ovenia. “We currently manage a property portfolio of more than ten million square meters and offer a wide range of best-in-class property management and advisory services to blue-chip clients. Our entire leadership team is excited to be joining Colliers International and to take advantage of their additional resources, unique entrepreneurial culture and ability to serve clients both locally and globally,” she concluded.

About Ovenia

The Ovenia Group is Finland’s leading provider of property and real estate management services and leasing services. The Group comprises Ovenia Oy, Ovenia Isännöinti Oy and Realprojekti Oy. The Ovenia Group is responsible for the maintenance of 19 shopping centres and 1,500 business premises, and the administration of over 50,000 apartments. All services are provided in accordance with the ISO 9001 certification for property management. Ovenia Group operates in 26 localities across Finland and employs over 500 property professionals. www.ovenia.fi, www.realprojekti.fi

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

 Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.

More information:

Ilkka Hietala, Partner, Vaaka Partners, mobile: +358 50 358 6929, ilkka.hietala@vaakapartners.fi 
Sirpa Ojala, CEO, Ovenia, mobile: +358 40 566 3466, sirpa.ojala@ovenia.fi

 

Categories: News

Tags: