Dutch-based property manager MVGM today closed the acquisition in Romania as part of its deal to acquire JLL’s European property management business and the alliance partnership in 10 European countries. MVGM also announced today that they have completed the purchase of JLL’s activities in Slovakia.
“We are entering in the last phase of the closing of our acquisition of JLL’s property management activities. Therefore, our international character is really taking shape. The market is asking for a leading European property management partner and with this acquisition we can meet the needs of our clients,” said Menno van der Horst, Member of the MVGM Board.
“Our team in Romania is excited to join MVGM, a leading property management as the core business. We are all passionate about our work and eager to bring property management to the next level with further optimisation through digitalisation,” said Mariana Stamate, Managing Director Romania.
MVGM and JLL announced the deal last July giving MVGM a foothold in eight additional countries with 540 employees Spain, Portugal, Belgium, Luxembourg, Poland, Czech Republic, Romania and Slovakia and expanded teams in the Netherlands and Germany.
MVGM is integrating the new activities into its current business in phases, closing the transaction for the legal entity in each country separately. The current transaction brings the total of country closings to seven. The final closings in Spain, Portugal and Poland are expected to take place year end 2019.
MVGM is an authority in real estate, the largest property manager in the Netherlands and a top tier property manager in Europe. MVGM has specialised teams in the area of property management in the Netherlands, Germany, Belgium, Luxembourg, Slovakia, Romania and Czech Republic and Dutch real estate valuations, commercial brokerage and international advisory with focus on Dutch real estate.