TORONTO, Jan. 05, 2016 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ: CIGI ) (TSX: CIG ) announced today the acquisition of Colliers International Central Florida (“Colliers Central Florida”). With 165 professionals in offices in Tampa, Clearwater, Orlando and Ft. Myers, Colliers Central Florida provides a full range of services including investment sales, lease brokerage, capital markets, valuation and advisory and property management to local, regional, national and international clients. Terms of the transaction were not disclosed.
“We continue to expand and diversify our operations in Florida, both internally and through acquisition. The momentum we have created in the market is compelling,” said Joseph Harbert, Colliers International President | Eastern Region. “Integrating Colliers Central Florida with our existing operations in Miami, Ft. Lauderdale and Palm Beach, almost doubles our size and provides our clients with the leading commercial real estate service platform in the State,” he concluded.
“As a longtime partner with Colliers, this transaction is really a natural progression for us,” said Lee Arnold, Founder and CEO of Colliers Central Florida. “Our goal has always been to provide the most innovative real estate advisory services to our clients and, together with Central Florida President, Ryan Kratz and the rest of our team, we expect this to continue moving forward. As importantly, having the opportunity now to integrate operations in Florida and leverage the size, capital and established infrastructure of the Colliers global platform will enable us to better serve our clients and create more opportunities for our people. I have never been more excited about our future,” he concluded.
“Following the successful acquisition of Colliers International Atlanta last year, this acquisition further strengthens our best in class service platform and reinforces Colliers in the Southeast, and nationally as the firm of choice for organizations and professionals who seek to join a company with an enterprising culture,” said Craig Robinson, President of Colliers International | USA.
About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI ) (TSX: CIG ) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant inside ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include lease brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
For the latest news from Colliers International, visit Colliers.com or follow us on Twitter ( @Colliers ) and LinkedIn .
Advisory Regarding Forward-Looking Information
Information in this press release that is not a historical fact is "forward-looking information". Words such as "plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "will", "may" and similar expressions are intended to identify statements containing forward-looking information. Forward-looking information in this press release is based on current objectives, strategies, expectations and assumptions which management considers appropriate and reasonable at the time. The forward-looking information in this press release includes, but is not limited to, statements with respect to the expected future attributes of Colliers.
By its nature, forward-looking information is subject to risks and uncertainties which may be beyond the ability of Colliers to control or predict. The actual results, performance or achievements of Colliers could differ materially from those expressed or implied by forward-looking information. Factors that could cause actual results, performance, achievements or events to differ from current expectations include, among others, risks and uncertainties related to: the operations and financial condition of Colliers as a separately traded public company; business cycles, including general economic conditions in the countries in which Colliers operates, which will, among other things, impact demand for services and the cost of providing services; the ability of Colliers to implement its business strategy, including its ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; changes in or the failure to comply with government regulations; changes in foreign exchange rates; increased competition; credit of third parties; changes in interest rates; and the availability of financing. Additional information on certain of these factors and other risks and uncertainties that could cause actual results or events to differ from current expectations can be found in Old FirstService's Annual Information Form for the year ended December 31, 2014 under the heading "Risk Factors" (which factors are adopted herein and a copy of which can be obtained at www.sedar.com ). Certain risks and uncertainties specific to the arrangement transaction, Colliers and New FirstService are further described in the Management Information Circular of Old FirstService dated March 16, 2015. Other factors, risks and uncertainties not presently known to Colliers or that Colliers currently believes are not material could also cause actual results or events to differ materially from those expressed or implied by statements containing forward-looking information.
Readers are cautioned not to place undue reliance on statements containing forward-looking information that are included in this press release, which are made as of the date of this press release, and not to use such information for anything other than their intended purpose. Colliers disclaims any obligation or intention to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
COMPANY CONTACT: John B. Friedrichsen Chief Financial Officer Phone: (416) 960-9500 MEDIA CONTACT: Margaret Meluzio Havas PR Phone: (646) 510-6578
