DSV Group acquires share in vdpResearch
The DSV Group (Deutscher Sparkassenverlag) acquired a five percent stake in vdpResearch GmbH. The corresponding purchase agreement was signed on May 20, 2020.
As a first step, vdpResearch and DSV have agreed to cooperate on the development of a joint property-related real estate database as a basis for measuring market fluctuations.
vdpResearch was founded in 2009 by the Association of German Pfandbrief Banks (vdp). In addition, the National Association of German Cooperative Banks (BVR) has held a stake in the company since 2015.
The task of vdpResearch is to record and analyze the regional real estate markets in Germany and selected regions abroad. The focus is on both residential and commercial real estate markets. At the heart of vdpResearch is a database into which real transaction data from some 700 institutions is continuously fed. The vdp property price indices are calculated and published quarterly from this database.
The DSV Group is a specialized solution provider for the Sparkassen-Finanzgruppe. It is made up of Deutscher Sparkassenverlag and its subsidiaries and associated companies and generates annual sales of around € 940 million (2018).