Daejan Holdings

Daejan Holdings plc
Public (LSE: DJAN)
Industry Property
Founded 1935
Headquarters London, England
Key people
 Benzion Freshwater, Chairman and CEO
Revenue £140.7 million (2017)[1]
£211.3 million (2017)[1]
£162.1 million (2017)[1]
Website www.daejanholdings.com

Daejan Holdings is a British-based property business, part of the Freshwater Group of companies. It has its headquarters at Freshwater House, Shaftesbury Avenue and is a constituent of the FTSE 250 Index.

History

The Company was formed in 1935 as Daejan Samoedra Estates Ltd to acquire rubber and coffee plantations in the Dutch East Indies, today's Indonesia, mostly on the island of Java.[2] In 1949 an insurrection which led to the independence of Indonesia resulted in a number of plantations being occupied or destroyed. In 1959 Osias Freshwater reversed his property business (a number of landmark buildings in London) into the company and this is now its sole activity. The name of the Company changed to Daejan Holdings Limited.[2][3] In 2012 Daejan bought 139-143 Oxford Street for £12.8 million.[4]

Operations

Daejan is organised into two geographic segments - UK and US - of investment properties: residential and commercial. As at 31 March 2018, its portfolio was valued at £2.4bn. [5]

Its UK portfolio is managed by Highdorn, itself part of the Freshwater Group of Companies too. Freshwater Property Management is one of the worst property company in the UK according to customers reviews due to excessive service charges to leaseholders and poor quality of service.[6]

References

  1. 1 2 3 "Annual report 2017" (PDF). Daejan Holdings. Retrieved 23 March 2018.
  2. 1 2 "Benzion Freshwater & Family" (PDF). Estates Gazette. 2010. Archived from the original (PDF) on 23 April 2016. Retrieved 1 April 2016.
  3. ↑ "A brief history of Daejan Holdings". www.daejanholdings.com. Retrieved 2018-01-06.
  4. ↑ "Freshwater pieces together £300m Oxford Street puzzle". Property Week. 22 August 2014. Retrieved 17 April 2017.
  5. ↑ https://walbrockresearch.com/walbrock-companies-results-17th-july-2018/
  6. ↑ allAgents. "Freshwater Property Management - Reviews of Estate Agents & Letting Agents | allAgents". www.allagents.co.uk. Retrieved 2018-01-04.
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