Colliers International Expands in Washington, D.C.
(Thomson Reuters ONE) -
Acquisition of Beltway Real Estate Services Firm Strengthens Ongoing Commitment
to the Region
TORONTO and WASHINGTON, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Leading global
commercial real estate services firm Colliers International Group Inc.
(NASDAQ:CIGI)(TSX:CIGI) announced today the acquisition of leading tenant
representation advisory firm Serten Advisors. With its office in Tysons Corner,
the firm serves global, national, and regional clients with a highly skilled and
experienced team of professionals that have more than 100 years of combined
experience.
"This strategic acquisition positions Colliers to gain additional market share
and win new business in the vibrant and competitive Suburban DC markets," said
Marty Pupil, Colliers International President | U.S. Brokerage. "Adding Steve
and Paul and the rest of their talented leadership team to our existing group of
professionals in the region will further position Colliers as the commercial
real estate services firm of choice for the region's most successful companies."
Founded by Steven Hubberman and Paul Schweitzer, Serten Advisors will bring 12
professionals to Colliers with experience in more than 150 markets throughout
North America, advising clients on a range of commercial real estate matters,
from national site searches to relocations and strategic portfolio management.
"By joining Colliers and leveraging the size and infrastructure of the Colliers
global platform, we are better positioned than ever to serve the needs of our
clients," said Steven Hubberman and Paul Schweitzer. "Our core values and
entrepreneurial spirit are fully aligned with the unique enterprising culture at
Colliers and we look forward to better serving our global clients and helping
our professionals leverage the other benefits of this world-class organization."
"The Beltway is changing, and adding a team of advisors with institutional level
market knowledge and experience is a big win for us," said Joe Harbert, Colliers
International President | Eastern Region. "Along with our Regional Managing
Director and Market Leader David Parker, we are poised for exponential growth in
the region."
About Colliers International
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry-
leading global real estate services company with 15,000 skilled professionals
operating in 68 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 global outsourcing firms by the International
Association of Outsourcing Professionals for 12 consecutive years, more than any
other real estate services firm. Colliers also has been ranked the top property
manager in the world by Commercial Property Executive for two years in a row.
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, 2016 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.
COMPANY CONTACT:
John B. Friedrichsen
Chief Financial Officer
(416) 960-9500
Marty Pupil
President | U.S. Brokerage
(949) 724-5513
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: 18.10.2017 - 14:30 Uhr
Sprache: Deutsch
News-ID 564209
Anzahl Zeichen: 6762
contact information:
Town:
Seattle, WA
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 249 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Colliers International Expands in Washington, D.C."
steht unter der journalistisch-redaktionellen Verantwortung von
Colliers International Group Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
