Nordic property advisor Newsec announced this week that Re&Solution, its fully integrated operations in the Baltic region, has now been rebranded to Newsec. Following the move, Newsec becomes the master brand for six countries including Estonia, Latvia, Lithuania, Finland, Sweden and Norway. Newsec acquired additional shares in Re&Solution last year.
Nordic property advisor Newsec announced this week that Re&Solution, its fully integrated operations in the Baltic region, has now been rebranded to Newsec. Following the move, Newsec becomes the master brand for six countries including Estonia, Latvia, Lithuania, Finland, Sweden and Norway. Newsec acquired additional shares in Re&Solution last year.
'The Baltic region is a key market for several of our customers and for us and it is vital that we can support both existing and potential clients already established in the Baltic region, or those that want to enter the Baltic market,' said Newsec CEO Patrik Enblad.
'Taking into account close Baltic and Scandinavian business cooperation, this step certainly will strengthen and expand Newsec real estate market positions, especially those investors, developers, partners, which originate from Scandinavia. We look forward to jointly developing our international and local offering further to various players in the property sector,' said Ricardas Cepas, managing director of Newsec Baltics.
Re&Solution is an independent adviser in property and finance, with a broad base of Baltic and international customers. The company was founded in 2003 and currently has several offices in Estonia, Latvia and Lithuania. The operation, which has 65 employees, reported growing sales and sustained profitability despite the highly challenging market climate.
Newsec is owned by Stronghold Invest, along with Niam, one of the leading real estate private equity firms in Northern Europe, and Datscha, the leading provider of services for information and analysis of commercial properties in Sweden and Finland.
