REAM ANNOUNCES THE ACQUISITION OF DEVLOP

REAM announces the acquisition of DEVLOP, its real estate development partner in Greater Luxembourg.

DEVLOP and REAM have been partners on several projects for six years, and are now strengthening their collaboration.

This integration makes perfect sense for both partners, and enables them to create synergies in their sales, technical and financial teams.

By joining an investment fund with a strategy that is unique in the market, DEVLOP will enjoy the support of a solid financial group in developing its ambitious projects.

This acquisition enables REAM to invest in additional development projects and rely on a brand that is already well known to local stakeholders to accelerate its growth.

The REAM fund’s investments are currently structured around three brands:

  •   DEVLOP, Real estate development
  •   FLEXIROOM, Furnished housing and co-living
  •   INVEST, Tactical real estate investments

Jean-Pol Clart, founder of DEVLOP, becomes a shareholder and member of the REAM Management Board.

The official press release announcing the acquisition can be seen here: REAM-DEVLOP-press-release.

 

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