Fokus Nordic to acquire DEAS Asset Management to become one of the leading independent Real Estate Asset Managers in the Nordics.
The acquisition of the real estate firm DEAS Asset Management will accelerate the growth of Fokus Nordic and immediately position the company to become one of the leading real estate asset and investment managers in the Nordics.
Through this acquisition, Fokus Nordic has reached the scale to serve global real estate investors seeking Nordic exposure with core, core+, value-add and opportunistic strategies while maintaining the highest standards of service for current clients. The combination of Fokus Nordic and DEAS Asset Management creates a unique Nordic ‘platform’ with approx. 170 employees operating in 4 countries and with a total AuM of c. €10b.
The acquisition of DEAS Asset Management is subject to regulatory approval from the Financial Supervisory Authorities in Denmark and Norway and is expected to close in early 2025.
Tonny Nielsen, CEO at Fokus Nordic, said: "This acquisition marks a significant strategic advancement for Fokus Nordic. We are excited to enhance the value we provide to our clients and investors, offering greater access to the Nordic real estate markets. Our commitment to exceptional service and local expertise remains unwavering, now strengthened by a stronger organization with a broader reach. This step allows us to diversify our portfolio and deliver an expanded selection of real estate investment options. I warmly welcome the DEAS Asset Management staff, convinced that this will be a great opportunity for us to deliver even more value to our clients.”
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