The management team will continue to lead Van Gool Elburg’s development, counting on Dils’ know-how and technologies
The goal is to export Dils’ vision and business model successfully developed in Italy to other markets and become the alternative player in the current European real estate market.
The internationalisation process of Dils, the leading Italian real estate company, officially gets underway with the acquisition of a majority stake in the Dutch real estate services company Van Gool Elburg. The management team will continue to lead the company’s second phase of development and change the company name to Dils Nederland. The new partnership is part of Dils’ broader internationalisation process, which aims to create a new and smart player in the real estate sector with a strong coverage 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 partnership transaction will enable Dils to export the business model successfully developed in Italy to the Netherlands, based on established know-how, innovation and industry transformation through the use of advanced digital technologies in every part of the process, market data analysis and human capital. For Van Gool Elburg, the Group is aiming for organic growth with the opening of new business services in Logistics, Residential and Hospitality.
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.
Indeed, the two real estate markets have significant similarities: in 2022, according to data compiled by Dils’ Research Team, Dutch real estate recorded similar investment volumes to those in Italy (14 billion euros vs. 12 billion euros) and was driven, as in Italy, by the Office sector (3.7 billion euros, 26% of the total vs. 4.6 billion euros) and by Logistics (4.7 billion euros, 34% of the total vs. 2.9 billion euros).
“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”.
Ron van den Berge, partner of Van Gool Elburg: “Dils is the growth accelerator for Van Gool Elburg that we were looking for. The international network of Dils Group, in combination with their track record in the field of innovation and technology, deepens our proposition for clients and also strengthens our position to attract talents. Not unimportant, because we want to expand considerably in the coming years. Obviously, our clients can continue to count on the trusted personal attention and expertise of Van Gool Elburg, also under the new flag of Dils Nederland.”