Dutch property developer AM said on Thursday it had acquired the Brussels-based operation of Dutch peer City Projects. AM said the takeover gives it access to the Belgian market. City Projects is owned by Dutch developer Andr茅 Snippe, who will remain with the company as a director. Both companies declined to disclose financial details of the deal.
Dutch property developer AM said on Thursday it had acquired the Brussels-based operation of Dutch peer City Projects. AM said the takeover gives it access to the Belgian market. City Projects is owned by Dutch developer Andr茅 Snippe, who will remain with the company as a director. Both companies declined to disclose financial details of the deal.
AM said it expects the Belgian City Projects business to generate annual turnover of between EUR 20 mln and EUR 50 mln in the coming years. The takeover also includes City Property's real estate operation, City Property.
