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«IPD has strengthened its footing in the Netherlands, its second biggest market, with the purchase social housing sector performance analysis partner, aeDex, for an undisclosed sum. The strategic tie-up with the social housing organisation, which has a demonstrable track record of strong financial performance, will enable IPD 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 9th subsidiary as of the 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 €78.1bn. Through partnership with aeDex, IPD has been able to develop its corePortfolio Analysis Service alongside a suite of valuation database services and industry training.
Central to the integration of aeDex into the wider IPD Global Network is the continuity of its existing senior management. aeDex Managing Director, Arnoud Vlak, is to continue in his role while retaining his nine-strong team who will merge with IPDs London-based Dutch team, headed by Bas Burggraaf. The acquisition is part of a wider strategy to strengthen IPD’s presence in Dutch real estate markets, both commercial and social, as well as the further expansion of social housing services in other European countries. Regarding this, discussions are under way to review the existing collaboration arrangements with ROZ, IPD’s partner on behalf of the Dutch institutional investment community». (CS della Società)
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