Colliers To Acquire Market Leading Commercial Real Estate Firm In Italy
10/27/21, 12:09 PM
Industry
real estate
professional services
other
internet services
Leading diversified professional services and investment management company, Colliers (NASDAQ: CIGI) (TSX: CIGI), announced today it has entered into an agreement to acquire a controlling interest in Colliers International Italia S.p.A., Colliers Real Estate Services Italia S.R.L. and Colliers Real Estate Management Services Italia S.R.L. (collectively, "Colliers Italy"), which was previously an affiliate operation. The current shareholders of Colliers Italy, Ofer Arbib and Giulia Longo, will retain an equity interest in the business under Colliers' unique partnership model. As a company-owned operation, Colliers Italy will continue to build on its market leadership position by increasing service capabilities and leveraging the vast resources of Colliers' strong and highly innovative platform across Europe. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Details of the transaction were not disclosed.
Company Info
Company info
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
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SOURCE Colliers