The partners at Pangea will take executive positions in the new partnered organization.
“Pangea has grown significantly over many years in the Nordics as well as internationally. The combination between Pangea and Colliers is a perfect match with our strategy to become the leading property advisor in the Nordics. It was important for us that we partnered with an organization that shares our business philosophy and culture,” said Bård Bjølgerud, Founding Partner & CEO of Pangea, who will assume the role of CEO Nordics, Colliers.
Pangea will merge with Colliers’ existing operations in Sweden and establish a new Colliers operation in Norway.
Colliers will establish a Nordic region including Sweden, Norway, Finland, and Denmark that will become a market leader in capital markets with over 27% of market activity based on full-year 2021 RCA data.
The combined operations will offer a full suite of services including Capital Markets, Debt Advisory, Project Finance, Leasing, Occupier Services, Project Management, Valuation and Research. Pangea Project Finance is an independent sister company of Pangea Property Partners and will also be acquired by Colliers at the close of this acquisition.
