A new leading Nordic real estate adviser, Glitnir Property Holding, has been created following the merger of Norwegian Glitnir Property Group and the Swedish real estate adviser Leimdörfer.
The new company, Glitnir Property Holding, is 70% owned by Glitnir bank and 30% by the former partners of UNION Gruppe – Union Eiendomskapital and Leimdörfer. Glitnir Property Holding entered into an agreement to acquire 91 percent of the shares in the Swedish company Leimdörfer Holding AB in a transaction which was completed on July 5th.
Leimdörfer is a leading Swedish real estate adviser which operates in the Nordic property market. The company was founded in 1992 and has 40 employees with offices in Stockholm and Helsinki, Finland. Leimdörfer has built up business in four specific areas; brokerage, corporate finance, financial advisory and strategic advisory.
Glitnir is already a strong, established player in the Norwegian real estate market since it acquired majority shares in UNION Gruppe in 2004. The real estate adviser, which is based in Oslo, focuses on brokerage, syndication and financial advisory. By joining forces with Leimdörfer in Sweden and Finland, Glitnir has effectively become the main adviser in the Nordic real estate markets.
Peter Leimdörfer, who will become the new Managing Director of Glitnir Property Holding, said, „Joining forces with a proactive financial group like Glitnir, with a strong presence in all Nordic countries and a global network in banking and finance, will provide us with the opportunity to offer our clients even better advisory services in cross border transactions. Furthermore, Glitnir´s significant financial strength will enable us to expand into new markets“.
See Glitnir‘s website at http://www.glitnirbank.com/ for more information on Glitnir Property Holding and the Nordic real estate markets. for direct contact talk to Peter Leimdörfer, Managing Director – peter.leimdorfer@leimdorfer.se. ?
Being an avid real estate enthusiast, this Nordic Company is certainly making some brake movements in the challenging climate associated with real estate and the global economy. Reading some background notes on the two companies, they do appear to hold a strong market share and importantly have a solid reputation. Glitnir Property Holding is poised to establish itself as a significant influence in banking, finance and the property market.
Well done.
Good to see some positive real estate movement if the nordi countries. Look forward to seeing how this develops.
This is one important step in the strategy to become the leading commercial real estate advisor in the Nordic market.
Overseas property investors are always keen on finding new markets the trouble is lack of information concerning the Scandanavian market buying process for foreign investors is not readily available information.
Great stuff. Nice Website.
Hmmm, I am tempted to try this.
Impressive website and it is nice to see this kinda stuff happening
Glitnir seems like a good resource for the Nordic real estate markets – thanks for the heads up. Nice wordpress theme.
It’s nice to see Glitnir and Iceland branching out across the Globe. Glitnir has the strength to bring an Icelandic view to the Globe as with Geothermal and Banking as well as Real Estate.
—Karl Lingenfelder
Great finally a real real estate company in Scandinavia!