Nordicals

Commercial Real Estate Brokeragenordicals.dk

Nordicals is Denmark's largest commercial real estate broker chain, operating 24 partner-owned branches and 170+ advisors nationwide. It provides full-service CRE advisory — brokerage, leasing, investment, RICS valuations, Capital Markets and ESG — powered by a proprietary Foresight data platform.

Company typePrivate
Founded2019
HeadquartersAarhus, Denmark
Headcount101–250
GTM typeB2B
OfferingServices

Nordicals firmographics

Firmographics

Name: Nordicals
Legal name: Nordicals A/S
Website: https://nordicals.dk
Company type: Private
Founded year: 2019
Operating status: Operating
Headcount range: 101–250 employees
Short description: Nordicals is Denmark's largest commercial real estate broker chain, operating 24 partner-owned branches and 170+ advisors nationwide. It provides full-service CRE advisory — brokerage, leasing, investment, RICS valuations, Capital Markets and ESG — powered by a proprietary Foresight data platform.
Ownership category
akta.pro rank

Where Nordicals is headquartered

Location

Headquarters

HQ city: Aarhus
HQ country: Denmark
HQ region: Europe

Offices11 records

Markets served

Nordicals business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Commercial Property Brokerage: Commission-based brokerage fees for buying and selling commercial properties, including investment properties, office, retail, industrial and logistics properties
Rental and Leasing Services: Tenant representation and landlord representation services for commercial leases
Valuation Services: RICS-certified valuations and appraiser valuations for commercial properties
Capital Markets Advisory: Advisory services for large property transactions and portfolios, including international/cross-border transactions

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	Transaction-based brokerage services

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Nordicals product offering

Product offering

Core offering

Nordicals is Denmark's largest commercial real estate broker chain, delivering full-service advisory across buying, selling, leasing, investment, valuation, and ESG through a nationwide network of 24 partner-owned branches. The firm combines local broker expertise with national reach, RICS-certified valuations, a Capital Markets capability for cross-border deals, and the proprietary Foresight data platform for market intelligence.

Product overview

Nordicals is Denmark's largest commercial real estate broker chain operating 24 businesses nationwide with over 170 experts. The company offers a unified full-service platform with multiple integrated service modules including property transaction services (buy/sell/rent), investment advisory, valuations (including RICS-certified), strategic advisory, Capital Markets, Data & Research, ESG services, and Foresight market intelligence products. Key intelligence products include the quarterly MarketForesight magazine and specialized CityForesight modules for cities like Odense. The platform also includes customer-facing tools like a nationwide buyer registry (Køberkartotek) and the Foresight digital analytics platform.

Differentiator

Problem solved

Functional benefit

Brands

Nordicals Foresight: Digital, data-driven market insights platform providing quarterly MarketForesight reports on commercial real estate trends across Denmark.
CityForesight

Quantifiable outcome

Access to off-market properties before public listing
+1 more outcomes

Companies that use Nordicals

Customer profile

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Nordicals technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Nordicals partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered major and core.

VGPmajorStrategic or Co-development Partner · 1 January 2025Nordicals Fyn was chosen as advisor for VGP's large industrial and logistics project in Odense. The project covers 345,000 sqm land area with 112,000 sqm building area for production and logistics, with at least 30% dedicated to modern industry. VGP is a Belgian-owned international property developer present in 18 European countries.
NRGicoreStrategic or Co-development PartnerNRGi and Nordicals formed a green partnership focused on ESG (Environmental, Social, Governance) advisory services for property investments. The collaboration aims to help clients ensure their property investments are future-proofed with sustainability considerations.
A. EnggaardmajorStrategic or Co-development PartnerNordicals Odense was selected by A. Enggaard (in partnership with PKA pension fund) to handle leasing of approximately 10,000 sqm office tower in Banebyen, Odense. Nordicals also handles leasing of commercial units at Pakhuskajen development.
PKAmajorStrategic or Co-development PartnerPension fund PKA partnered with A. Enggaard on The Station project in Odense, with Nordicals handling office leasing for the approximately 10,000 sqm office tower component.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Nordicals competitors and assessment

Company assessment

Direct peers

EDC Erhverv Poul Erik Bech: One of Denmark's largest commercial real estate brokerages with a nationwide branch network and full-service offerings spanning brokerage, leasing, valuation, and investment advisory. Direct competitor in the Danish CRE market for both institutional and mid-market mandates.
Colliers Denmark: Global CRE services firm operating in Denmark with brokerage, valuation, and capital markets capabilities (incorporating legacy Sadolin & Albæk). Competes directly with Nordicals for institutional mandates and cross-border investment advisory.
Cushman & Wakefield Denmark: Global CRE services firm with Danish operations covering brokerage, valuation, capital markets, and advisory. Direct competitor for enterprise leases, investment sales, and large cross-border mandates in Denmark.
CBRE Denmark: Global CRE services leader with Danish operations across brokerage, investment sales, valuations, and capital markets. Direct competitor with deeper global investor networks for the largest cross-border mandates.
JLL Denmark (Jones Lang LaSalle): Global CRE services firm with Danish presence offering brokerage, valuation, capital markets, and strategic advisory. Direct competitor for institutional and large enterprise CRE mandates in Denmark.
Newsec: Nordic-focused CRE services firm with Danish operations covering brokerage, valuation, and capital markets advisory. Direct competitor particularly in Nordic institutional CRE mandates and investment advisory.
Catella: Nordic real estate advisory group with Danish operations offering CRE brokerage, capital markets, and investment advisory. Direct competitor for investment-focused and cross-border institutional mandates in the Nordic region.
Savills Denmark: Global CRE services firm with Danish operations spanning brokerage, valuation, and capital markets. Direct competitor for institutional and prime real estate mandates in Denmark.

Regional players

DEAS: Danish CRE services firm with primary focus on property management and facility services, alongside growing advisory and brokerage services. Adjacent competitor in Danish CRE services with strong overlap in landlord-side mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Nordicals compliance and trust

Trust signal

Compliance2 records

Nordicals financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Nordicals leadership team

Management profile

Number of profiles

Profiles8 records

Nordicals subsidiaries and ownership

Company hierarchy

Subsidiaries18 records

Nordicals funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Nordicals M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordicals

What does Nordicals do?

Is Nordicals a public or private company?

Nordicals is a private company. It is classified as management employee owned and is currently operating.

When was Nordicals founded?

Nordicals was founded in 2019. It employs 101 to 250 people.

Where is Nordicals based?

Nordicals is headquartered in Aarhus, Denmark, in the Europe region.

How does Nordicals make money?

Four revenue lines are on record. Commercial Property Brokerage is the primary driver. The others are rental and Leasing Services, valuation Services and capital Markets Advisory.

Who are Nordicals's main competitors?

Direct peers on record are EDC Erhverv Poul Erik Bech, Colliers Denmark, Cushman & Wakefield Denmark, CBRE Denmark, JLL Denmark (Jones Lang LaSalle), Newsec, Catella and Savills Denmark. DEAS is listed as a regional player.

Does Nordicals have an API?

No public API is recorded for Nordicals.