Colliers International Completes Merger
(Thomson Reuters ONE) -
Integrates operations in Northern California and Nevada
TORONTO, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Leading global commercial real estate
services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today
announced the completion of the previously announced merger with affiliate
Colliers Parrish International Inc. ("CPI").
With this move, Colliers International significantly increases its scale and
coverage in Northern California and Nevada with additional offices in San Jose,
Oakland, Stockton, Pleasanton, Redwood City, Fairfield, Mountain View, Gilroy
and Walnut Creek, California, as well as Las Vegas and Reno, Nevada. The
acquisition adds more than 400 professionals providing a comprehensive suite of
services including investment sales, lease brokerage, capital markets, valuation
and advisory and property management to local, regional, national and
international clients.
"We are pleased to have completed this important transaction," said Dylan
Taylor, President and COO Colliers International. "Acquiring market leaders in
the U.S. and around the world continues to be a core part of our growth strategy
as we strengthen our global platform, one step at a time."
About Colliers International
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry
leading global real estate services company with more than 16,000 skilled
professionals operating in 66 countries. With an enterprising culture and
significant employee ownership, Colliers professionals provide a full range of
services to real estate occupiers, owners and investors worldwide. Services
include strategic advice and execution for property sales, leasing and finance;
global corporate solutions; property, facility and project management; workplace
solutions; appraisal, valuation and tax consulting; customized research; and
thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful
and innovative advice that help clients accelerate their success. Colliers has
been ranked among the top 100 outsourcing firms by the International Association
of Outsourcing Professionals' Global Outsourcing for 11 consecutive years, more
than any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter:
(at)Colliers and LinkedIn.
Advisory Regarding Forward-Looking Information
Certain information included in this news release is forward-looking, within the
meaning of applicable securities laws. Much of this information can be
identified by words such as "believe", "expects", "expected", "will", "intends",
"projects", "anticipates", "estimates", "continues" or similar expressions
suggesting future outcomes or events. Colliers believes the expectations
reflected in such forward-looking statements are reasonable but no assurance can
be given that these expectations will prove to be correct and such forward-
looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations
that involve a number of risks and uncertainties, which could cause actual
results or events to differ materially from those anticipated. These risks
include, but are not limited to, risks associated with: (i) general economic and
business conditions, which will, among other things, impact demand for Colliers'
services and the cost of providing services; (ii) the ability of Colliers to
implement its business strategy, including Colliers' ability to identify and
acquire suitable acquisition candidates on acceptable terms and successfully
integrate newly acquired businesses with its existing businesses; (iii) changes
in or the failure to comply with government regulations; and (iv) such factors
as are identified in the Annual Information Form of Colliers for the year ended
December 31, 2015 under the heading "Risk Factors" (which factors are adopted
herein and a copy of which can be obtained at www.sedar.com). Forward looking
statements contained in this news release are made as of the date hereof and are
subject to change. All forward-looking statements in this news release are
qualified by these cautionary statements. Except as required by applicable law,
Colliers undertakes no obligation to publicly update or revise any forward-
looking statement, whether as a result of new information, future events or
otherwise.
COLLIERS CONTACTS:
John Friedrichsen
Chief Financial Officer | Global
(416) 960-9500
Martin Pupil,
President | U.S. Brokerage
(949) 331-3115
Andre Walewski
Colliers Parrish International | CEO
(408) 282-3837
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Colliers International Group Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.01.2017 - 22:00 Uhr
Sprache: Deutsch
News-ID 515651
Anzahl Zeichen: 5752
contact information:
Town:
Seattle, WA
Kategorie:
Business News
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"Colliers International Completes Merger"
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