TORONTO, 3 July 2018 – Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced that it has acquired a controlling interest in Sadolin & Albæk, Denmark’s leading capital markets specialist, which will be merged with Colliers International’s current operations in Denmark (“Colliers Denmark”). The partners of Sadolin, together with the existing leadership team of Colliers Denmark, will retain a significant equity stake in the combined business under Colliers’s unique enterprise partnership model. Together, Colliers Denmark will have a total of 150 professionals offering a variety of services including capital markets, corporate solutions, commercial lease and sales brokerage, urban consulting & advisory and property valuations, operating from five offices in Copenhagen, Aarhus, Vejle, Aalborg and Odense. Terms of the transaction were not disclosed.
Established in 1967, Sadolin & Albæk brings an exceptional leadership team and 46 professionals with expertise in capital markets. The combined business will be led by Peter Winther, CEO and Jeppe Schønfeld who will serve as Deputy CEO of Colliers International in the region.
“Following our recent acquisition of the market leader in Finland earlier in the year, this merger establishes Colliers as the dominant player in another key Nordic market,” said Chris McLernon, CEO, Colliers International | EMEA. “We are going from strength to strength with the addition of these talented professionals establishing Colliers as one of the strongest pan-Nordic commercial real estate platforms anywhere.”
“Our entrepreneurial culture and keen focus on service excellence has long been the key to our success, we are excited to partner with Colliers International, an organization that shares our entrepreneurial culture and keen focus on service excellence, along with a vision for the future focused on leveraging their well established enterprising business model,” said Peter Winther CEO, Colliers | Denmark. “We look forward to taking full advantage of the Colliers International global brand and service platform while accelerating the success of our clients domestically and internationally.”
“Our entire team in Denmark is thrilled with this new development. Sadolin & Albæk is by far the strongest company in the Danish high-end market and they have an outstanding capital markets team, not to mention their research & valuation team. We match each other perfectly and the common broader platform will enable us to serve our clients and offer very qualified advice at all levels,” said Jeppe Schønfeld, Deputy CEO, Colliers | Denmark. “It is a privilege to collaborate with the Sadolin & Albæk team, who for years have been acknowledged as one of the leading advisors in the Danish commercial real estate business.”