Teesland iOG rebrands as Valad Property Group

Teesland iOG, the property fund and asset management group, announced on Friday that it has been rebranded as Valad Proeprty Group. Australia-based property group Valad (value-added) acquired Teesland iOG, along with developer Scarborough, last year to create a pan-European platform alongside its established presence in Asia Pacific.

Peter Hurley, Valad's executive chairman - Europe, said: 'Teesland shared our 'value-add' approach and had a complementary corporate culture, so the coming together of our two companies was a natural fit. The adoption of the Valad name is a logical progression, and our brand highlights the ‘value-add’ approach that investors are seeking'.

The Teesland name has a long and illustrious heritage, dating back to the early 1960s with the formation of the Teesland Development Company. Listed on the London Stock Exchange in 2002, Teesland plc acquired Property Fund Management plc, the parent company of specialist industrial property fund manager iOG.

The merged group then became known as Teesland iOG. In February 2007, the Group was acquired by Scarborough Property Holdings, part of the Scarborough group of companies, and merged with Scarborough's main development and investment vehicles, before both were ultimately acquired by Valad last year.

Teesland has a network of 19 offices in 10 countries and over 300 staff providing a platform across Western and Central Europe.


Valad (which stands for Value-added) is a property fund manager, investor, developer and property investment banker which has about EUR 12.5 bn of assets under management. The Australian group is also a 150 ASX-listed company.