Newsec and Campido have agreed to merge their teams within property caretaking. Campido will therefore change its name and brand. The new organization picks the best of both companies and creates good conditions for developing a high-quality service offering.
The new organization will have about 130 employees, a turnover of about SEK 150 million and be lead by Jesper Kronstrand from Newsec.
“Campido is a strategic acquisition and gives us better prerequisites to work with a continuously improved service offer and more efficient process control. We have an ambition to take more market shares and, with the merger with Campido, we move in the right direction”, says Jesper Kronstrand, head of Property Caretaking, Newsec Property Asset Management.
Newsec and Campido have similar values and are therefore well positioned to benefit from working side by side, something that was an important parameter in the negotiations.
“Campido has a good position in the Stockholm region, but we want to grow and take further market shares in the rest of the country. Newsec has a strong brand and can help us fulfill that goal. With the merger, we become even stronger and ready to meet challenges ahead. Not least in the fight over talent, which is one of the industry's biggest challenges”, says Fredric Landell, founder Campido.
The merged business has a prominent client portfolio with some of Stockholm's most prestigious hotels and shopping centers as well as the country’s public bus system.
Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services. Newsec was founded in 1994 and is today a partner-owned company with some 1 000 co-workers in 33 offices. Newsec has approx. SEK 260 billion under management and annually signs lease agreements of some 500 000 square meters, manages transactions of more than SEK 30 billion and does real estate valuations of underlying property worth more than SEK 1000 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.
The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo