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Drooms opens office in Milan, expanding European footprint

February 27, 2023

Frankfurt am Main, 27. February 2023 – Drooms, the leading digital platform provider in Europe, increased its European footprint with the opening of a new office in Milan, Italy earlier this month.  The office signifies Drooms’ continued growth and development. The firm already counts over 30,000 clients all over Europe and has been active in the Italian market for several years. The opening of the office in Milan reinforces Drooms’ commitment to doing business in the Italian market. At the new location five dedicated Italian speakers will handle the needs of the Italian customers, and the intention is to expand the team over time. Overall Drooms employs over 200 people in five countries.  Among its existing clients in Italy are industry-leaders including ENI, Engel Volkers, JLL Italy, Cushman & Wakefield Italy, CBRE Italy, Colliers Italy, EY Italy, Hyperloop, CMS Hasche Sigle and Banco BPM.

Drooms new Italian headquarters will cater specifically for real estate companies, consultancy firms, law firms and corporations.  In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via its suite of products, Drooms can also map all stages across the entire lifecycle asset management process on a single platform. Drooms therefore provides clients with the ability to safely store and process sensitive documents and make transactions faster and more efficient.

Drooms is strongly committed to further expanding its position in the region; based on its proven track record dating back several years and the talent of its team in Milan.  The team will be led by Javier Meseguer, Drooms’ Chief Revenue Officer, a seasoned expert in Real Estate, Corporate Finance and Mergers & Acquisitions in Southern European markets with over fifteen years of experience in the field of digitisation and data rooms.

Alexandre Grellier, CEO of Drooms commented: “We are delighted to open our office in Italy where we already have a significant client base.  This move strengthens our footprint in Europe and adheres to our strategic growth plan to have a presence in key locations. We see enormous potential in the Italian market.

Despite the economic challenges in 2022 the Italian market ended the year with an investment volume of 11.7 billion Euro according to CBRE Italy, marking the second best market result ever after the record year of 2019, and a 12 percent increase year-to-year. Office Real Estate remained the strongest market with a stunning 113 percent increase to 4.7 billion Euro, followed by Logistics with a mere one percent increase and transaction volume of 2.7 billion Euro. Segments such as Hotel (1.6 billion Euro, – 22 percent), Retail (1 billion Euro, -32 percent) and Residential (820 Million Euro, +13 percent) mainly saw decreasing investment levels. Record turnover was achieved in logistics (2.7 million square meters) and in the Milan Office market, where 480 thousand square meters were leased.

The growth in the Italian market is still strong despite challenging circumstances. It seems that investors are leaning towards more defensive real estate investments, thus following a European trend”, Javier Meseguer, CRO of Drooms and country Manager IBERITA commented.

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