Deas performance weakened by acquisition of Nordea Ejendomme – CEO projects progress in 2019
The acquisition of Nordea Ejendomme and in-house development leave Denmark's largest property manager with its most modest profit to date. However, the CEO expects to recover the poor performance already this year. He talks about the reasons for the slowdown in 2018 to AMWatch's sister site EjendomsWatch. Asset management must be consolidated before it can grow, he says.
In 2018, DEAS took over Nordea Ejendomme and that, combined with in-house development, have taken a toll on the performance at Denmark's largest property manager, according to Deas' financial statements, which were released today.
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