60 Grader, based in Oslo, specialises in capital markets, valuation services and leasing within the industrial & logistics sector, where it is the market leader. When completed, the acquisition will significantly strengthen CBRE’s industrial & logistics capabilities in Norway.

The planned acquisition is subject to a regulatory notification process with The Financial Supervisory Authority of Norway and is expected to be completed in the fourth quarter of this year.

Upon completion of the transaction, 60 Grader’s team of 11 professionals will join CBRE. The team will be led by Colin Waddell, Managing Director, CBRE Norway and Nordics region. Simen Torgersen, who is currently Managing Director of 60 Grader, will take on a new role at CBRE as Deputy Head of Norway Capital Markets.

“As the economy continues to improve, there is a significant growth opportunity within industrial & logistics and residential development. This acquisition is therefore timely to allow us to combine our teams of specialists to provide our clients with an enhanced service offering. It demonstrates our continued investment in strategic growth across Continental Europe,” says Marco Hekman, CBRE Divisional President, Advisory Services, Continental Europe.

“The acquisition of 60 Grader will greatly enhance our Norwegian capital markets, leasing and valuation teams. The acquisition will further support our ambition in Norway. We really look forward to welcoming our new colleagues and introducing them to our clients,” says Colin Waddell, Managing Director, CBRE Norway & Nordics region.

“CBRE is the global leader in commercial real estate, and we are excited about the opportunity to join their team. We look forward to working collaboratively with our CBRE colleagues to serve clients and grow our business. This will be a great opportunity for our employees to broaden their horizons in this market. Our combined expertise will allow us to offer our services to a wider range of clients,” Simen Torgersen, Managing Director of 60 Grader.