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The VPS Group

AK Management is a renowned organization. The company is also the founder and owner of Young Startup, a successful network community for entrepreneurs

The Hague, 24 September 2013:

VPS, the Vacant Property Specialists are pleased to announce the acquisition of another Dutch vacant property specialist AK Management. Earlier this year, the organization also acquired Dutch vacant property specialist FMT.

Strategy
This acquisition fits the strategy of VPS Group to strengthen its foothold in the Netherlands and will enable the new organization to operate in a dynamic and competitive industry.

Synergy
For now, both organizations will continue to operate under their own brands and over the next few months the two companies will start to work more closely together. Mattijs Manders, MD of FMT, will head up the Dutch operations.

Arnoud Schollema, general manager at AK Management, is enthusiastic about the acquisition. "Together we are stronger in this rapidly growing market. Since 2003 we have been responsible for managing the investments of hundreds of housing associations, municipalities and property owners. A number of vacant buildings that we manage, we convert to temporary living or workspace. Similar to FMT, we operate in a sustainable and cost-effective way."

Mattijs Manders, MD, says: "AK Management is a renowned organization. The company is also the founder and owner of Young Startup, a successful network community for entrepreneurs. These activities are an excellent addition to our group portfolio. This acquisition provides us opportunities to develop our business in vacancy management."


NOTE TO EDITORS :

About VPS Group
VPS Group secures about 90,000 properties in over 100 locations in the United Kingdom, the United States and Europe. The organization has 1,700 employees and specializes in securing, maintaining and managing vacant property.

About AK Management
AK Management is a renowned and innovative vacancy specialist. Since 2003, the organization is active in the Dutch market. AK Management is also the founder and owner of Young Startup, a successful network community for entrepreneurs. The company has 26 employees, has its head office in Amsterdam and regional offices in The Hague and Utrecht.

About FMT property management
FMT is a vacant property specialist with over 20 years of experience. The organization has widespread knowledge in managing large scale vacancy redevelopment and restructuring projects. FMT has 42 employees and has its head office in The Hague and regional offices in Amsterdam, Utrecht, 's- Hertogenbosch, Deventer, Enschede and IJmuiden.

For further information, please contact:

Arnoud Schollema (general manager AK)
E: arnoud@akbeheer.nl, T: +31 20 447 08 02
www.akbeheer.nl

Tessa van Leeuwen (communication advisor FMT)
E: t.vanleeuwen@fmtvastgoedbeheer.nl, T: +31 70 335 20 30
www.fmtvastgoedbeheer.nl

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