CB Richard Ellis said on Tuesday it has acquired its affiliate company in Denmark for EUR 29 mln. The acquisition of CB Richard Ellis Cederholm will significantly strengthen CB Richard Ellis' platform in Scandinavia, the international real estate advisor said.
CB Richard Ellis said on Tuesday it has acquired its affiliate company in Denmark for EUR 29 mln. The acquisition of CB Richard Ellis Cederholm will significantly strengthen CB Richard Ellis' platform in Scandinavia, the international real estate advisor said.
Cederholm has been CB Richard Ellis' affiliate in Denmark since 1999, and employs approximately 60 people across three offices located in Copenhagen, Aarhus and Kolding. In a statement, CBRE said it foresees strong growth in the Danish property market, where the erosion of the traditional preference for owner-occupancy among local companies has made sale-leaseback transactions an attractive option.
The popularity of sale-leasebacks, alongside strong economic growth, are expected to continue to draw a growing number of international investors to both Denmark and the wider Scandinavian region. 'Denmark and the entire Nordic region is of strategic interest to our clients', said Mike Strong, president of CB Richard Ellis, EMEA.
