31st May 2021
DEAS, the leading provider of property management, asset management and adjacent services to property owners in the Danish market, has further expanded its presence in Europe with the acquisition of the Nordic real estate business of Aberdeen Standard Investments (ASI), covering real estate funds and assets in Sweden, Norway, Finland and Denmark. DEAS Asset Management A/S, the independent asset management subsidiary within the DEAS Group, will take over the management of a portfolio of 131 properties consisting of office, logistics, retail and residential properties, representing a value of €2.5bn assets under management, as well as a portfolio of Nordic assets valued at €1.8bn on behalf of European and global funds within ASI.
With the acquisition, the DEAS Group enters the Nordic markets, thereby providing access for investors to real estate markets across the region with local teams in Sweden, Norway, Finland, and Denmark.
"Our presence within the Nordic region implies that we are able to offer investors expert services within fund management, investment management, and asset management throughout the region. Our ambition is to attract local and international investors to the Nordic region as one unified investment market."
Henrik Dahl Jeppesen, CEO, DEAS Group
With the Nordic expansion, properties under DEAS Group's management will amount to more than €34bn with more than 11m sqm spread over more than 2,600 properties in Sweden, Norway, Finland, and Denmark.