Dutch-based property manager MVGM announced the closing in Poland as part of the previously announced acquisition of JLL’s European property management business and the alliance partnership in 10 European countries. As of today, the JLL activities in Portugal and Spain are also integrated into the MVGM company. This marks the completion of the acquisition which includes an additional 12 million square meters to the MVGM European portfolio and access to additional high-profile clients including leading global real estate investors.
“Our team in Poland consists out of 120 specialized and highly motivated property managers. We manage over 1.4 million square meters. By joining MVGM, we can further develop our core specialization in property management and through digitalization, bring this to the next level. This will benefit our clients by having a leading European property management organization as partner,” Virginie de-Baere, Managing Director of MVGM Poland said.
With the integration of JLL’s European property management business, MVGM significantly increases its presence in Europe. The acquisition gives MVGM an immediate foothold in eight additional European countries and expanded teams in the Netherlands and Germany. Over the last weeks, MVGM already finalised the transaction in the Netherlands, Germany, Romania, Slovakia, Czech Republic, Belgium and Luxembourg.
MVGM has grown rapidly over the past five years through organic growth and acquisitions. The company’s successful track record in bolt-on acquisitions includes Germany’s PropertyFirst in 2019, its merger with Verwey in 2018 and the Dutch acquisition of Actys in 2016.
