Dinu Patriciu merges property businesses under one brand

Real estate investment fund Black Sea Global Services (BSGS) and Quintet Asset Management, controlled by businessman Dinu Patriciu, have been merged into a new company, DinuPatriciuGlobalServices (DPGS). The newly founded firm will manage a property portfolio estimated to reach EUR 1.3 billion.

“Due to the expansion of the property portfolio managed in Romania and Western Europe, we have decided to create a group structure that will be responsible for the strategy, management and development of the company. As such, Quintet and Black Sea Global Services will merge and will be included into the newly created group, DinuPatriciuGlobalServices (DPGS Bucharest),” said company officials. DPGS will do business in Bucharest, Frankfurt and London, specializing in real estate management, investment counseling and development management.