The major real estate investment company DADES has sold its subsidiary Datea, Denmark's market leader within commercial real estate, to Newsec, the leading company within property asset management and advisory in Northern Europe.

For DADES, the sale means an enhanced focus on its primary business and a release of funds for further investments in real estate property, the very core of DADES’ business model.

DADES continues to be one of Datea’s biggest clients. Going forward, property asset management services will be provided in Denmark under the Newsec brand “Newsec Datea”.

Bruun & Hjejle acted as legal adviser to DADES.