CBRE GROUP, INC. CLOSES ACQUISITION OF ATRIUM AS
- Norwegian affiliate acquisition further boosts CBRE’s Nordics presence
CBRE Group, Inc. (NYSE: CBG) today announced that it has closed the acquisition of its affiliate company in Norway, Atrium AS.
Atrium was founded in 1993 and provides investment, leasing, occupier and valuation services to local and international clients. In 2000 Atrium became CBRE’s Norwegian affiliate and both businesses have since successfully worked together on numerous investment, leasing and outsourcing mandates.
John Olof Solberg, Managing Director of Atrium, will remain with the business as head of Norway for CBRE.
We are delighted to welcome our Norwegian colleagues, with whom we have had a collaborative relationship for the last 15 years. We have seen significantly increased demand from clients targeting commercial real estate opportunities across the Nordics and, building on Atrium’s exceptional reputation and client base, together we can now enhance and expand the services we provide our clients.
Norway has a strong, open economy with abundant natural resources, and enjoys one of the world’s highest living standards with the fourth-highest GDP per capita globally. This has also enabled the country to build the world’s third largest sovereign wealth fund. Norway attracted a record €13.4 billion of commercial real estate investment in 2015, overtaking Sweden at the end of the year to become the largest Nordic property market.