CELEX: 32022M10605
Language: en
Date: 2022-03-04 00:00:00
Title: Commission Decision of 04/03/2022 declaring a concentration to be compatible with the common market (Case No COMP/M.10605 - MACQUARIE REAL ESTATE / CPG VAN OOSTROM BEHEER / EDGE) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 4.3.2022
                                                                C(2022) 1458 final
                                                                                 PUBLIC VERSION
                                                                Macquarie Real Estate Management
                                                                (Australia) Limited
                                                                50 Martin Place
                                                                Sydney NSW 2000
                                                                Australia
                                                                C.P.G. van Oostrom Beheer B.V.
                                                                Roemer Visscherstraat 50 H
                                                                1054 EZ Amsterdam
                                                                The Netherlands
Subject:        Case M.10605 – MACQUARIE REAL ESTATE / CPG VAN OOSTROM
                BEHEER / EDGE
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                        1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 9 February 2022, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which Macquarie
        Real Estate Management (Australia) Limited (‘Macquarie’, Australia), belonging to
        Macquarie Group (Australia), and C.P.G. van Oostrom Beheer B.V. (‘CPG’, the
        Netherlands) will acquire within the meaning of Articles 3(1)(b) and 3(4) of the
        Merger Regulation joint control of EDGE Real Estate B.V. (‘EDGE’, the
        Netherlands), currently solely controlled by CPG, by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
        −     for Macquarie: real estate asset management. Macquarie belongs to Macquarie
              Group, a global investment, banking and financial services provider,
1       OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’). With effect from 1 December 2009, the Treaty on
        the Functioning of the European Union (‘TFEU’) has introduced certain changes, such as the
        replacement of ‘Community’ by ‘Union’ and ‘common market’ by ‘internal market’. The terminology
        of the TFEU will be used throughout this decision.
2       OJ L 1, 3.1.1994, p. 3 (the ‘EEA Agreement’).
3       Publication in the Official Journal of the European Union No C 76, 17.2.2022, p. 7.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---    −   for CPG: besides its shareholding in EDGE, CPG has no additional relevant
       economic activities,
   −   for EDGE: real estate developer. EDGE is also active in the offering of
       (i) flexible workspaces and related services in EDGE-developed buildings and
       (ii) software as a service solution to optimise building performance.
3. After examination of the notification, the European Commission has concluded that
   the notified operation falls within the scope of the Merger Regulation and of
   paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of
   certain concentrations under Council Regulation (EC) No 139/2004. 4
4. For the reasons set out in the Notice on a simplified procedure, the European
   Commission has decided not to oppose the notified operation and to declare it
   compatible with the internal market and with the EEA Agreement. This decision is
   adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of
   the EEA Agreement.
                                                    For the Commission
                                                    (Signed)
                                                    Olivier GUERSENT
                                                    Director-General
4  OJ C 366, 14.12.2013, p. 5.
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