Daejan Holdings is a British-based property business, part of the Freshwater Group of companies. It has its headquarters at Freshwater House,

Shaftesbury Avenue Shaftesbury Avenue is a major road in the West End of London, named after The 7th Earl of Shaftesbury. It runs north-easterly from Piccadilly Circus to New Oxford Street, crossing Charing Cross Road at Cambridge Circus. From Piccadill ...

. It was listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

as DJAN until it was acquired by the Freshwater Group in May 2020.

History

The Company was formed in 1935 as ''Daejan Samoedra Estates Ltd'' to acquire

rubber Rubber, also called India rubber, latex, Amazonian rubber, ''caucho'', or ''caoutchouc'', as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Types of polyisoprene ...

and

coffee Coffee is a beverage brewed from roasted, ground coffee beans. Darkly colored, bitter, and slightly acidic, coffee has a stimulating effect on humans, primarily due to its caffeine content, but decaffeinated coffee is also commercially a ...

plantations Plantations are farms specializing in cash crops, usually mainly planting a single crop, with perhaps ancillary areas for vegetables for eating and so on. Plantations, centered on a plantation house, grow crops including cotton, cannabis, tobacco ...

in the

Dutch East Indies The Dutch East Indies, also known as the Netherlands East Indies (; ), was a Dutch Empire, Dutch colony with territory mostly comprising the modern state of Indonesia, which Proclamation of Indonesian Independence, declared independence on 17 Au ...

, today's

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania, between the Indian Ocean, Indian and Pacific Ocean, Pacific oceans. Comprising over List of islands of Indonesia, 17,000 islands, including Sumatra, ...

, mostly on the island of

Java Java is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea (a part of Pacific Ocean) to the north. With a population of 156.9 million people (including Madura) in mid 2024, proje ...

. In 1949 an

insurrection Rebellion is an uprising that resists and is organized against one's government. A rebel is a person who engages in a rebellion. A rebel group is a consciously coordinated group that seeks to gain political control over an entire state or a ...

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. In 2012 Daejan bought 139-143 Oxford Street for £12.8 million. In December 2018, it was reported that Park West, a building managed by another Freshwater Group subsidiary, had a very high proportion of flats under investigation for being let out illegally. In February 2020, the company agreed to be acquired by Freshwater Group, its majority shareholder, for £1.3 billion.

Operations

Daejan is organised into two geographic segments - UK and US - of investment properties: residential and commercial. As at 31 March 2019, its portfolio was valued at £2.5 billion.

References

External links

Official site
{{Authority control Companies based in the London Borough of Camden Property companies of the United Kingdom Real estate companies established in 1935 1935 establishments in England Companies formerly listed on the London Stock Exchange