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It began as the story of one man and has now grown into one of the most impassioned property developers in Europe. Being the best by doing your best. Always. In new-build and redevelopment. Welcome to OVG.
It began as the story of one man and has now grown into one of the most impassioned property developers in Europe. Being the best by doing your best. Always. In new-build and redevelopment. Welcome to OVG.
Experience has taught us that it is the apparently unfeasible assignments that lead to the most innovative solutions. The only way to find a new way is to leave the beaten track. Our projects are a perfect example of this. The end-user is always at the forefront. Location and building type follow on from this. The building is not the end, just the means.
When founder & CEO Coen van Oostrom started OVG at the age of 27 a lack of financial means forced him to create his own chances. It is his energy and ambition that has thus created the ‘OVG method’. Since then everyone joining OVG has shared the same enthusiasm and passion for our profession. This is what makes OVG so enterprising.
For us sustainability means managing the available resources as cleverly as possible in order to provide people with buildings that are not only beautiful but affordable and environmentally responsible as well. Having our own Sustainability Center enables us to continuously stay ahead of the market. Because finding the best green innovations for our clients is what we are all about.
As far as we are concerned property development is the best job in the world. Every day is an inspiration – bringing so many different expertises together and working together towards a common goal. Even when someone other than OVG does it. Here, you can read about everything that enthuses us and what makes us proud to be a property developer.
“We believe that sustainable buildings stay affordable for our clients in the future and will be loved by many generations.”
OVG is an independent property developer, actively run for the past 14 years by founder & CEO Coen van Oostrom. The company has three business units: OVG Nederland, OVG International and JOIN Ontwikkeling, a joint venture with Triodos Bank for social real estate. Each has its own management and dedicated staff. This keeps the company flexible and maneuverable. Within the entire organization we share the same aspiration: “OVG wants to maximize real estate values by being the leading European re/developer in zero-carbon sustainable buildings. We believe that sustainable buildings will stay affordable for our clients in the future and will be loved by many generations.”
To fulfill our mission we embrace five rules of corporate behavior:
The three business units have been set up based on these five pillars so that we can ensure that we demonstrate the same quality and enthusiasm in all three of our fields of expertise.
The historic heart of OVG. Responsible for all of OVG’s development and redevelopment projects in The Netherlands. With great expertise in offices, inner city and multifunctional buildings and areas. Distinctive in the real estate market due to development from the perspective of the end user rather than the location.
OVG’s international branch. Through our broad client-base and supported by our financiers we are taking further steps into Europe with this business unit, with Germany functioning as our second ‘home market’. We have seen that the ‘OVG way of doing things’ also gives added value over the border. Our methods and activities in The Netherlands also provide a solid foundation for our expansion into these new countries and local markets.
In 2010 OVG and Triodos Bank set up the joint venture JOIN Ontwikkeling. JOIN Ontwikkeling is aimed at sustainable social real estate for the care, education and culture sectors. The ambition is to be market leader within 5 years.
Financial results Sustainable growth
Annual Report 2011
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Summary Annual Report 2011
In 2011 our revenue totaled € 188,066,000. Earnings before tax increased from € 5,310,000 in 2010 to € 9,861,000 in 2011. Net earnings of OVG improved from € 3,899,000 to € 7,471,000. We are pleased with last year’s financial results and the active expansion of our markets. Our culture of entrepreneurship has yielded – more than ever – great benefits. It enables us to continuously read the signs of economic change and stay ahead of the curve.
Opportunities in changing markets
European real estate markets are still in a volatile phase. Looking at the Dutch real estate investment market, we see a continued demand for high-quality offices with strong credit tenants at prime locations, but at the same time a large segment of older offices in less central locations faces structural oversupply. Internationally, we see increasing demand for the expertise of sustainable developers, such as OVG, to become involved in the challenges of growing cities. Both markets provide great opportunities for our team of developers and we plan for a continued growth of our company. Attracting alternative sources of funding, unique talents, innovation in sustainability and the development of new client-driven real estate concepts, will play a distinctive role in this.
Thank you
As always, we are only able to fulfill these plans with the knowledge and energy of our long-term relationships. We therefore thank everyone for their co-operation in 2011 and look forward to further growth in 2012.
Additional information
If you would like to know more about our financial results for 2011, please download the summary or request the Annual Report 2010 for OVG Real Estate B.V. via info@ovg.nl.
We see ourselves as an organization of individual experts that works as a team towards the same goals. OVG therefore has an open, non-hierarchic organizational culture that stimulates personal enterprise and integrity. It is precisely by relying on these individual qualities that enables us to remain a fast-moving and maneuverable company. Everyone who joins OVG is therefore encouraged to broaden his or her ambitions as widely as possible, for example in the OVG Excellence Program, our in-house training program. Personal training and on the job coaching also have a major part to play within OVG. For anyone who aims to be the best, OVG offers nothing less than the best, also in our terms of employment. If you believe you have the talent, but we do not currently have a suitable vacancy, then do not hesitate to tell us why we should create a position for you by mailing your reasons and CV to: hr@ovg.nl.
Las Palmas Building
Wilhelminakade 300
3072 AR Rotterdam
The Netherlands