High-profile contracts across the Nordics makes Newsec second largest in Europe
Newsec Property Asset Management has the latest quarter won a great number of large contracts with prominent clients across the Nordics and has now 40.5 million square meters under management. The Nordic company is thereby the second largest Property Asset Management company in Europe, when looking at square meters under management. Among the new clients are Sampension and PKA in Denmark, Aberdeen Standard Investments in Sweden and a number of residential clients in Finland.
The Property Asset Management business is under development and property owners as well as consultants are looking into smart ways of working, using robotization, connectivity and automation. Newsec invests heavily in being at the forefront, delivering a full service offering across the Nordic countries. This strategy is paying off and has over the past quarter resulted in a number of new clients and large contracts.
“Some years ago, we made a bet that in order to stay truly relevant to our clients, we would need the muscle to invest in new ways of working. We decided to become a true Nordic player and that strategy has allowed us to grow both organically and through acquisitions. We are now able to take on large clients and offer them something unique – a one-stop shop within Property Asset Management and an investment strategy that will support them in the future”, says Björn Lindeborg, Head of Newsec Property Asset Management.
Sampension and PKA, two Danish pension funds, have recently signed contracts for services covering a full scope of portfolio management, and Finland has seen significant growth in the residential business, with three new agreements covering more than 11,000 apartments. In Sweden, a comprehensive property management agreement was signed with Aberdeen Standard Investments regarding their total property portfolio of approximately 300,000 square meters.
All in all, Newsec has over the past quarter solidified the position as the unthreatened number one in the Nordic region, and the number two in Europe.