IBI Group A/S

IBI as a company name and a domain has been repuchased by the former CEO of IBI, Finn Birkjær Nielsen, after the bankrupcy of Sjælsø Gruppen in the fall 2013. This is done in collaboration with the former country director of IBI Denmark A/S, Bent Friis Pedersen. The partnership between the two started as a friendship in 1982, and has since been close and productive. The business plan is now, as it was prior to the Sjælsø acquisition, to explore a defined part of the market where an attractive yield can be achieved. Focus will be on the value chain and to be present where effort and risk corresponds to the return. IBI will focus on developing housing projects in Danish university cities, where demand and return is satisfactory. We have analysed the market, and it is characteristic that real estate developments provide a robustness, which is not found in other sectors. Smaller units are prioritized, as the demand for youth accommodation and smaller two-bedroom apartments is pronounced. These can easily be rented out or sold in the current market. It is paramount in this relation that the projects’ location is superb in terms of public transportation, closeness to universities etc. and the urban life in general. If the projects meet these requirements, we will be able to obtain a good rent level and a low turnover rate.