Commercial, New Development, Residential - 26. August 2020
EDC Poul Erik Bech expands during the corona crisis
EDC Poul Erik Bech, the largest real estate agent in Denmark, has purchased EDC Niels Kofoed & Ib Schiermer, which is a large real estate agency and the oldest in Herning, Denmark’s 11. largest city. The real estate company is both a residential office and commercial office.
Herning is a growing municipality with almost 90,000 inhabitants. The population is expected to grow by 6.6% towards 2045, which increases the demand for both residential and commercial properties. Following the new acquisition, EDC Poul Erik Bech consists of 62 residential offices, 18 commercial offices, and over 500 employees. The CEO Poul Erik Bech says:
”Herning has been very high on our wish list for many years so this acquisition is something special to us. Therefore, we have been in an on-going dialogue with the 2 owners Niels Kofoed and Ib Schiermer and we are very happy for the outcome. We see great potential both in the residential and not least the commercial area. They are already doing well in Herning and have over 30 years of experience in the city, so we are looking forward to having their skilled employees on board and access to a number of new exciting customers and partners.”
Selling his life’s work
Niels Kofoed from EDC Niels Kofoed & Ib Schiermer A/S began his apprenticeship at EDC in 1982 and got Ib Schiermer as a partner in 2014. He says:
“I bought the EDC store in Herning 30 years ago, so it’s sad to sell my life’s work. However, I had no doubt that EDC Poul Erik Bech would acquire the store the day I was ready to sell. Ib and I have been talking for a while about the future for the agency and we are sure that EDC Poul Erik Bech is the best solution. I am very satisfied to sell a well-running store, where four employees have celebrated their 25th anniversaries and let a really competent company with a solid code of conduct take over. At the same time I look forward focusing exclusively on servicing customers and have less to do with the administrative aspect of running the agency,” says Niels Kofoed, who is selling his share of the company and will work as a consultant for both the residential and commercial areas.
Ib Schiermer continues as co-owner and partner in EDC Poul Erik Bech. “It will be absolutely fantastic to be a part of EDC Poul Erik Bech, who has proven you can be the best in the industry with hard work, ethics, and a solid business sense. I look forward to being a part of the development and further expansion of EDC Poul Erik Bech. We are always searching for well-qualified partners and employees to gain market share in Herning and the surrounding area for both residential and commercial.”
EDC Poul Erik Bech is Denmark’s largest and only nationwide real estate company, and consists of 62 residential offices, 18 commercial offices and has over 500 employees. EDC Poul Erik Bech has over 40 years of experience and is part of the EDC-Group. EDC Poul Erik Bech is independent of banks and mortgage banks, and the only real estate agency owned by a charitable fund. The majority of the company is owned by the charitable fund Poul Erik Bech Foundation. Through the profits in EDC Poul Erik Bech, the Poul Erik Bech Foundation supports associations, where volunteers make a difference for children. If you know a local association that could use a helping hand, we will be more than happy to hear from you.