$CIG news, Press Release: Colliers International Expands

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Press Release: Colliers International Expands in Denmark
1 hour 42 minutes ago - DJNF

Acquires market-leading Colliers Denmark affiliate to strengthen global

platform

TORONTO, Jan. 12, 2017 (GLOBE NEWSWIRE) -- Leading global commercial

real estate services firm Colliers International Group Inc.

(NASDAQ:CIGI) (TSX:CIGI) announced today that it has acquired a

controlling interest in Colliers International Denmark ("Colliers

Denmark" . Senior management of Colliers Denmark will retain the balance

of the equity under Colliers International's unique enterprise

partnership model. The acquisition of Colliers Denmark further

strengthens Colliers International's operations in Europe and provides a

strong platform for future growth in the important Nordic region. The

terms of the transactions were not disclosed.

Colliers Denmark employs approximately 100 real estate professionals in

five offices across Denmark providing investment sales, lease brokerage,

valuation and corporate services to local, regional, national and

international clients in key markets throughout the region.

"Denmark is a strong and established market in Europe and represents an

attractive growth opportunity for Colliers," said Chris McLernon,

Colliers International CEO | EMEA. "Having a market-leading position in

Denmark is another step in our strategy to grow in this region and will

allow us to expand our operations throughout the Nordics, reinforcing

our ability to serve clients wherever they do business."

"Having been affiliated with Colliers International for many years, this

partnership is the natural next step for us, enabling us to expand our

service offerings and further drive our growth in Denmark and the Nordic

region," said Jeppe Schoenfeld, CEO of Colliers Denmark. "Our senior

management team is committed to a long future with Colliers and looking

forward to capitalizing on global mandates, while delivering high

quality real estate services to our clients seamlessly, anywhere in the

world. All of us at Colliers Denmark are extremely excited about our new

partnership and the opportunity to grow together in the years to come."

"Over the years, Colliers International has grown by partnering with

outstanding professionals like the team in Denmark, who have a strong

passion for their business, a desire to continue growing, and a real

focus on creating value by accelerating the success of their clients,"

said Jay S. Hennick, Chairman & CEO of Colliers International. "This

addition is the latest in a series of strategic acquisitions that we

have completed in Europe, where we continue to invest in our operations

to elevate the Colliers International brand and platform as the global

firm of choice for successful organizations and professionals who thrive

within an enterprising culture," he concluded.

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

http://www.colliers.com/ or follow us on Twitter

https://twitter.com/Colliers : @Colliers and LinkedIn

https://www.linkedin.com/company/colliers-international .

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.

GLOBAL CONTACT:

John B. Friedrichsen

Chief Financial Officer

(416) 960-9500

EMEA CONTACT:

Chris McLernon

CEO, Colliers International EMEA

44 20 7487 1651

DENMARK CONTACT:

Jeppe Schoenfeld

CEO, Colliers International Denmark

45 40 26 34 27

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

http://www.colliers.com/

(END) Dow Jones Newswires

January 12, 2017 07:00 ET (12:00 GMT)
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