Realia Group strengthens its real estate management services by acquiring Corbel

2016-09-01

(Press release: 01.09.2016)

Realia Group strengthens its real estate management services by acquiring Corbel

Realia Group, the largest service provider in real estate management and brokerage services in the Nordic countries has acquired a Finnish real estate management company Corbel. The acquisition is part of Realia Group’s growth strategy and supports Realia Group’s plan to expand its real estate management services and to work as a pioneer in real estate management and real estate brokerage services. The Nordic private equity fund Valedo Partners Fund I AB has sold Corbel Holding Oy to Realia Group. The sale and purchase agreement was signed on August 31, 2016.

Realia Group brings together a broad spectrum of competencies in real estate management and real estate brokerage services in Finland and the Baltic countries. Operations are conducted through the subsidiaries Realia Isännöinti, Realia Management, Huoneistokeskus, Huoneistomarkkinointi, and SKV Kiinteistönvälitys in Finland, and Ober-Haus Real Estate Advisors in Baltic countries.

Corbel, founded in 2008, provides services in property management and corporate real estate management serving both domestic and international property investors, user-owners and tenants in Finland. Service offering includes property management, financial management, professional services as well as property asset management provided on a country-wide basis through 12 offices in major Finnish cities. Corbel employs approximately 190 people in Finland.

”Corbel complements in an excellent way Realia Group’s real estate management business and expertise. The acquisition is part of our growth strategy and supports our plan to expand our real estate management services. I strongly believe that the acquisition strengthens our competitiveness as a provider of real estate management services. I am looking forward to working together with Corbel,” says Matti Bergendahl, CEO of Realia Group.

”Under ownership of Valedo, Corbel has been developed since 2011, and the company has very well strengthened in all business areas. We are very happy that Corbel now joins forces with Realia Group,” says Sampsa Ratia, CEO of Corbel.

For further information, please contact:

Realia Group Oy, Matti Bergendahl, CEO, +358 40 833 5461

Valedo, Hanna Bilir, Brunswick Group, +46 (0)709 16 68 66

Realia Group is the biggest service provider in real estate management and real estate brokerage services in Nordic and Baltic countries. Realia Group consists of Huoneistokeskus, SKV Kiinteistönvälitys, Huom! Huoneistomarkkinointi, Realia Isännöinti, and Realia Management in Finland, and Ober-Haus in Baltic countries. Annual revenues of Realia Group is approximately 100M€, and the Group employs some 1,600 persons. www.realiagroup.fi

Corbel Group is a leading service provider in property management and corporate real estate management services in Finland. The company is serving both domestic and international property investors, user-owners and tenants.Properties the company manage range from large office buildings and shopping centers to residential property. Service offering includes property management, financial management, professional services as well as property asset management provided on a country-wide basis through 12 offices in major Finnish cities. Corbel has approximately 190 employees. www.corbel.fi