Realia Group strengthens its real estate management services by acquiring Corbel

Realia Group, the largest service provider in real estate management and brokerage services in the Nordic countries has acquired a Finnish real estate management company Corbel. The acquisition is part of Realia Group’s growth strategy and supports Realia Group’s plan to expand its real estate management services and to work as a pioneer in real estate management and real estate brokerage services. The Nordic private equity fund Valedo Partners Fund I AB has sold Corbel Holding Oy to Realia Group. The sale and purchase agreement was signed on August 31, 2016.

Realia Group brings together a broad spectrum of competencies in real estate management and real estate brokerage services in Finland and the Baltic countries. Operations are conducted through the subsidiaries Realia Isännöinti, Realia Management, Huoneistokeskus, Huoneistomarkkinointi, and SKV Kiinteistönvälitys in Finland, and Ober-Haus Real Estate Advisors in Baltic countries.

Corbel, founded in 2008, provides services in property management and corporate real estate management serving both domestic and international property investors, user-owners and tenants in Finland. Service offering includes property management, financial management, professional services as well as property asset management provided on a country-wide basis through 12 offices in major Finnish cities. Corbel employs approximately 190 people in Finland.

”Corbel complements in an excellent way Realia Group’s real estate management business and expertise. The acquisition is part of our growth strategy and supports our plan to expand our real estate management services. I strongly believe that the acquisition strengthens our competitiveness as a provider of real estate management services. I am looking forward to working together with Corbel,” says Matti Bergendahl, CEO of Realia Group.

”Under ownership of Valedo, Corbel has been developed since 2011, and the company has very well strengthened in all business areas. We are very happy that Corbel now joins forces with Realia Group,” says Sampsa Ratia, CEO of Corbel.