Colliers has completed its previously announced acquisition of a controlling interest in Pangea Property Partners, a capital markets advisor in Sweden and Norway.
Pangea becomes Colliers’ new company-owned operation in Norway and will merge with Colliers’ existing company-owned operations in Sweden.
“This merger sees Colliers become the market leader in this important region. Through the expert leadership we have in place, we will differentiate the service we provide to leading domestic and international clients across the Nordic region. Our leading capital markets, occupier services and property management experts will accelerate our service delivery to our clients in the Nordic region,” explained Davoud Amel-Azizpour, CEO of Colliers, EMEA.
In the merged businesses in the new Colliers Nordics region, Bård Bjølgerud becomes Chief Executive Officer of Colliers Nordics, Christian Winther is the Chief Financial Officer of Colliers Nordics and Daniel Gorosch is the Chief Commercial Officer of Colliers Nordics.
New country leadership appointments include Håvard A. Nustad as CEO of Norway and Joakim Arvius as CEO of Sweden, both formerly of Pangea.
Bård Bjølgerud, CEO of Colliers Nordics, said: “With the close of this deal, the teams can formally cement their working relationships under the Colliers Nordics structure. We are confident that the impact of merging these two ambitious businesses, which boast a depth of experience, track record, and shared enterprising culture, will maximise the potential of real estate for our clients in the Nordic region. We are very much looking forward to leveraging Colliers’ best-in-class global platform.”
The terms of the deal were not disclosed.