Advisor Colliers has completed its previously announced acquisition of a controlling interest in Pangea Property Partners, a major capital markets advisor in Sweden and Norway.
Following the deal, Pangea becomes Colliers’ new company-owned operation in Norway and will merge with Colliers’ existing company-owned operations in Sweden.
The transaction ‘firmly positions Colliers as the dominant player in the Nordic region’, the company said.
‘The merger makes Colliers the market leader in this important region. Based on our position of strength, we have the opportunity to tailor the service we offer our national and international customers throughout the Nordics,’ said Davoud Amel-Azizpour, CEO of Colliers EMEA. ‘We have gathered leading experts in transaction advisory, leasing, valuation and tenant advisory to strengthen our customer offering in the Nordics,' adds Davoud.
Bård Bjølgerud, CEO of Colliers Nordics, added: ‘With the completion of the transaction, the teams can now formally start working together within the framework of Colliers Nordics' structure. I am convinced that the effect of the merger of our companies will create great added value for our clients.’
