IPD has strengthened its position in the Netherlands with the purchase of social housing sector performance analysis partner, Aedex, for an undisclosed sum.
IPD has strengthened its position in the Netherlands with the purchase of social housing sector performance analysis partner, Aedex, for an undisclosed sum.
IPD said the strategic tie-up with the social housing organisation, which has a demonstrable track record of strong financial performance, will enable it to further develop social property benchmarking, while establishing its first domestic office in one of the most sophisticated real estate markets on the continent.
Aedex will be integrated into IPD's Global Network to become IPD's ninth subsidiary from 1 September. IPD already has an eight-year relationship with Aedex, managing the Aedex /IPD Netherlands Social Housing Index which tracks 13,366 social housing properties worth EUR 78.1 bn.
The acquisition is part of a wider strategy to strengthen IPD's presence in the Dutch market - its second biggest in Europe - as well as further expand its social
housing services in other European countries.
