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Newsec and Basale Join Forces

“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

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Annika Wahlund Communication Manager