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Colliers completes Nordic acquisition of Pangea Property Partners

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Regional real estate leader formed to offer full suite of services to investors, owners, and occupiers

Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today that it has concluded its acquisition of Pangea Property Partners (“Pangea”) in Norway and Sweden. The merging of the businesses sees Colliers building on its top-tier operations in Denmark and Finland, and forming a Nordic region that will offer a complete suite of services for owner, occupier and investor clients from its operations in Sweden, Norway, Finland and Denmark. From this date, Colliers is the leader in the Nordic region with over 550 professionals, including more than 80 capital markets experts.  

“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.

Our already established stronghold continues in Denmark and Finland under the leadership of Carsten Gortz Petersen, CEO of Denmark and Ari Vanhanen, CEO of Finland and Head of Property Management for 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 NordAic region. We are very much looking forward to leveraging Colliers’ best-in-class global platform.” 

The terms of the deal were not disclosed. 

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Ari Vanhanen, CEO, Finland; Håvard A. Nustad, CEO, Norway; Michelle Mason, CPO, EMEA; Bård Bjølgerud, CEO, Nordics; Davoud Amel-Azizpour, CEO, EMEA; Carsten Gortz Petersen, CEO, Denmark; Joakim Arvius, CEO, Sweden



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Anna Silkstone

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Anna is an experienced B2B marketer, communications and business development adviser. She specialises in content creation and the resultant campaign output. In her role as Head of Content, EMEA she develops compelling communications for multi-channel direct and social marketing, media and internal communications. This is done in partnership with the business line leaders, research, digital and creative leads.

Anna has developed all of her career experience in the real estate industry. This has included leading on market response campaigns, thought leadership content development, research report identification, production and launch, client engagement and market profiling campaigns, proposal responses and bid presentation management, value propositions for marketing material, trade show presence, stakeholder management, internal and external communications, and building a remote-working marketing team. 

Prior to Colliers Anna worked at the global law firm, Dentons LLP as a Senior Business Development Manager for the Real Estate team and latterly as Head of Campaigns for the UKIME region, focusing on Environmental, Social and Governance. Anna also worked at CBRE for over two years and supported the Occupier Services section of the EMEA business. Before CBRE, Anna was at Lambert Smith Hampton for nearly nine years in a regional marketing role and later as a UK campaign manager. 

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Davoud Amel-Azizpour

Chief Executive Officer EMEA

EMEA Headquarters, London

As Chief Executive Officer (CEO) for the EMEA region (Europe, Middle East and Africa), Davoud is responsible for establishing and leading the strategic direction and delivering business expansion through the fulfilment of our Enterprise ’25 growth strategy. Davoud joined Colliers in an Executive Board role in 2012 holding the position of Head of EMEA Finance and Corporate Development. In 2017 he became Chief Financial Officer for the region, before becoming the CEO for EMEA in 2022.

Focused on delivering the bold targets set in the five-year Enterprise ’25 growth strategy, Davoud supports organic growth through the EMEA expert country leadership team, business line expansion, particularly in Capital Markets, Property Management, and Occupier Services, and strategic acquisitions that enable the EMEA region to build at scale. Notable examples in the first six months of 2022 include:

·       The acquisition of Colliers Italy. Previously an affiliated full-service commercial real estate firm, and Antirion SGR S.p.A., one of the largest real estate investment management firms in Italy. Read more here

·       The expansion of Colliers’ Iberian Peninsula offering with the opening of a Portuguese office in Lisbon. Read more here

·       The strategic partnership agreement with Paragon, one of the UK’s largest independent building and project consultancies. Read more here

Before Colliers, Davoud began his career at KPMG and then moved to FTSE 100 listed Group Reed Elsevier plc.  Davoud also spent time working in the UK business of DTZ.

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