EDC Poul Erik Bech is now also largest in the commercial sector

Denmark’s largest real estate agency EDC Poul Erik Bech with 20 business centres, 75 residential stores and more than 600 employees has just published the annual report for the commercial part of the company. Poul Erik Bech says:

“Like 2023, 2024 continued to be a challenging year characterised by war and general uncertainty with high interest rates, inflation, increased construction costs, etc. In the commercial sector, there was still a large distance between buyer and seller, and they were often too far apart to do business. This was the case throughout most of 2024, but there were signs of improvement towards the end of the year.”

“Despite a hesitant market, we have had a reasonable year where we have benefited from the fact that we have many legs to stand on. In 2023 and 2024, our focus has thus been directed even more towards rental cases, where we have made good progress. It is satisfying that we have achieved the second-highest revenue ever in the commercial sector, and that in 2024 we reached a milestone by being the commercial agency with the highest revenue in the Danish market.”

EDC Poul Erik Bech achieved a turnover of DKK 236 million in 2024 compared to DKK 212.7 million in 2023, which is an increase of 11%. At the same time, the profit increased from DKK 9.2 million to DKK 21.9 million after tax, which is an increase of 138%.

Expectations for 2025
On the outlook for 2025, Poul Erik Bech says: “After a couple of years with far less transactions, the commercial property market has thawed out and more and more sellers and buyers are closing deals. There is still a lot of money in the market, so we expect the trend to continue for the rest of the year – but without the market reaching the high record as seen in the years 2021 and 2022.”

EDC Poul Erik Bech is independent of banks and mortgage institutions and is largely owned by the non-profit foundation EDC Poul Erik Bech Fonden, which through the profits from the real estate agency supports voluntary organisations that make a difference, primarily for vulnerable children, but also art and building heritage.

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