The combination of Colliers and Pangea Property Partners gives our international clients access to 80 capital market specialists and more than 550 professionals across the Nordic region.
At Colliers, our goal is to be the market leader in all the markets we cover. We have already achieved this position in Denmark as witnessed by our market share of more than 40% measured in terms of transaction volume in the commercial property market.
However, many of our largest clients operate across national borders, and to accommodate their needs, we provide access to a network of more than 17,000 professionals in 60+ countries. However, we can do more than that for those of our clients who invest and operate in the Nordics, and this will be our prime focus now that Pangea Property Partners has become part of Colliers.
Leading Swedish and Norwegian advisor
Pangea Property Partners is the leading transaction advisory provider in the commercial property markets in Sweden and Norway. Since its inception in 2009, the company has expanded heavily, today facilitating some of the largest transactions in the Nordics with an average transaction volume of SEK 800 million. The largest single transaction exceeded the SEK 90 billion mark. In addition, Pangea holds a 34% market share in Sweden and in 2021 was named Best Real Estate Advisor and Consultant in the Nordics in the Euromoney poll.
For our Danish clients, the Colliers–Pangea combination means that Colliers holds an overall market share of 27% in the Nordics and now offers a broad range of attractive services to our clients whether they are looking to invest in Denmark, Norway, Sweden or Finland.
Pangea’s service offerings include the following, which will supplement Colliers’ existing core services:
The combination with Pangea will have no organisational bearing on the way we serve our Danish clients, as they will continue to liaise with their usual advisory and service teams. In connection with cross-border Nordic or international collaboration, however, we will more often set up pan-Nordic and multidisciplinary teams to ensure specialist advisory services tailored to our clients’ individual requirements and geographical locations.
Focus on corporate finance
Following the combination, the Pangea name and brand will be phased out and become a part of Colliers, while the strong specialist skills and expertise will be retained and enhanced. In the corporate finance field, for instance, the combination has enabled Colliers to ramp up its corporate strategic advisory in terms of portfolio composition, market research and other fields. In addition, the combination with Pangea will add considerable resources in terms of debt advisory, business formations and corporate restructuring.
In the field of project finance, the combination will broaden Colliers’ service offering, including buyside advisory, negotiation, business management and alternative investment funds.
I am confident that the combination of Colliers and Pangea, two market-leading players, will enable us to help our clients address entirely new business opportunities, and we look forward to providing more and even better support to them on their pan-Nordic and international growth journeys.
“Pangea has expanded heavily since its inception, driven by strong growth in the Nordics and internationally. In Colliers, we’ve found a perfect match in terms of our strategy and ambition to become the leading property advisor in the Nordics. It was important for us to team up with an organisation that shares our business ideology and culture.”
Founding Partner and CEO, Pangea.
Following the acquisition, Bård Bjølgerud will assume the position of CEO, Nordics, Colliers.
“The top position in the Nordics has long been within our reach and it has now become reality with the acquisition of Pangea and the combination with Colliers, consolidating Colliers’ already strong market share. Feeling both proud and humble, we look forward to putting our strengthened Nordic organisation to work to serve and support our clients even better across the Nordic markets. We don’t expect any changes to our Danish organisation or in our client relations, but we anticipate new and improved cross-border business opportunities.”
Carsten Gørtz Petersen
CEO Colliers Denmark
“The combination with Pangea is a natural next step in the context of recent years’ efforts by Colliers Capital Markets to create one united team in addition to establishing the International Client Desk for the sole purpose of serving non-Danish investors. The addition of Pangea’s team of highly skilled professionals complements our service offering for an even sharper focus on our Capital Markets clients.”
Executive Director and Head of Capital Markets, Denmark