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Newsec and Basale Join Forces

Press Release   •   Nov 30, 2016 15:42 CET

Newsec has reached an agreement with OBOS to acquire all shares in Basale. That means that Basale will become part of Newsec Asset Management as of 1 January 2017. For Newsec, this is a strategic move to solidify the position in the Nordic market. For Basale, it gives increased opportunities to grow in new directions and invest more in colleagues and clients. 

“Trondheim based Basale can be proud of having developed the company to what it is today. Basale has been a good investment for OBOS and we believe we have been a sound and stable owner. Newsec has property asset management as their core business. I’m sure that they, together with the co-workers in Basale, will bring the company to the next level”, says Daniel Kjørberg Siraj, CEO OBOS.

Newsec is today northern Europe’s leading company within property asset management. Including Basale, Newsec will further confirm the position as the Full Service Property House, growing from 700 to some 1000 co-workers and approx. SEK 260 billion under management. Each year, Newsec signs lease agreements of some 500 000 square meters, manages transactions of more than SEK 30 billion and does real estate valuations of underlying property worth more than SEK 1000 billion.

“From Newsec’s side we see this as a fantastic opportunity to get access to a competent network throughout Norway. Basale is the leader in this market segment with many long- term and solid relations”, says Björn Lindeborg, CEO Newsec Nordic Asset Management.

Going forward, Newsec will provide Asset and Property Management services in Norway under the name Newsec Basale and Hilmar Auran will be the Managing Director of the new company.

“I’m very pleased to join the Newsec team. To me, Newsec represents the future of property asset management and I’m looking forward to getting access to their knowledge and joining a team with dedicated and client-oriented colleagues”, says Hilmar Auran, CEO Basale.

The real estate market is becoming increasingly consolidated and digital solutions are challenging old ways of working. A corporate structure that offers co-workers and clients high-end expertise and ensures focus on investments in new technology is a competitive advantage. Newsec can do precisely that. Clients and colleagues alike can benefit from being part of a Group with northern Europe as its home base and innovation and passion for the business in focus.

For more information, please contact:
Björn Lindeborg, CEO Newsec Nordic Asset Management AB Tel: +46 8-454 40 99
Hilmar Auran, CEO Basale 

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services. Newsec was founded in 1994 and is today a partner-owned company with some 1 000 co-workers in 33 offices. Newsec has approx. SEK 260 billion under management and annually signs lease agreements of some 500 000 square meters, manages transactions of more than SEK 30 billion and does real estate valuations of underlying property worth more than SEK 1000 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo

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