Italian real estate advisory firm Dils has made its debut acquisition abroad with the purchase of a majority stake in the Dutch real estate services company Van Gool Elburg.
The move is part of Dils' broader internationalisation process, which aims to create a new player in the real estate advisory sector with a strong focus on continental Europe.
Van Gool Elburg was founded in 2004 following the merger of Van Gool & Partner and Joseph Elburg Makelaars, founded in 1984 and 1976 respectively, and it has been a household name within the Dutch real estate sector for over 45 years. As a fully independent agency, Van Gool Elburg has organised its expertise into three distinct but complementary business services: Leasing, Tenant Representation and Investments.
The management team will continue to lead the company in the new phase of development and the firm will change its name to Dils Nederland.
Entering the Dutch market will enable Dils to develop important synergies for companies and investors in the country and abroad, supporting them in evaluating investment opportunities internationally, the company said in a statement.
‘We are very proud to have initiated our expansion process in Europe, of which the strategic partnership in the Netherlands with Van Gool Elburg, a company we fully share values and market approach with, is the first step,’ said Giuseppe Amitrano, Dils CEO. ‘Our efforts will be aimed at pooling our know-how and technologies developed to support the local management team in order to accelerate the international growth. We are ready to enter some more European countries in the coming months and to become the new smart European player in the real estate sector.’
