Colliers International announced on Tuesday that it has acquired a controlling interest in Sadolin & Albæk (Sadolin), a major capital markets specialist in Denmark, which will be merged with Colliers' existing operations in the country.
It is the fourth acquisition by Colliers so far this year, following the purchase of a major real estate investment management and services firm in Finland, a residential investment agency in Frankfurt as well as US-based investment firm Harrison Street Real Estate Capital.
Under the deal, 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’ 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 employs 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 of 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.'