Colliers International to Acquire Multifamily Leader in Frankfurt
May 29 2018 - 7:30AM
Addition strengthens multifamily investment
capability throughout Germany
Leading global commercial real estate services firm Colliers
International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced
it has entered into a definitive agreement to acquire Engel &
Völkers Main -Taunus GmbH the leading multi-family investment
experts in the Frankfurt region, one of Germany’s most populous and
a leading global financial centre. The business will be rebranded
as Colliers International and integrated into existing operations
increasing Colliers’ scale and capabilities throughout Frankfurt
with the opportunities to significantly accelerate the division’s
growth throughout Germany. The transaction is subject to
customary closing conditions and is expected to close by the end of
June 2018. No further details of the transaction were
disclosed.
Founded in 2002 by Managing Director Felix von
Saucken, the operation is comprised of a highly qualified team of
professionals providing multifamily investment services to
institutions and high net worth investors. Mr. von Saucken will
join Colliers International as a Managing Director and will lead
the multi-family investment operations locally and develop the
capability across Germany.
“Multi-family investment is a stable and growing
asset class in Germany and given its attractive return
characteristics, very appealing to a broad range of investors,”
said Matthias Leube, Colliers International Chief Executive Officer
| Germany. “The addition of the Frankfurt business will strengthen
our established multi-family team and the addition of a high
calibre, industry leader in Mr. von Saucken to lead our national
service line, will position Colliers to better serve our clients
domestically and internationally.”
“By joining forces with Colliers International,
we will benefit from their global brand and platform, positioning
us to accelerate our growth in the Frankfurt region and across
Germany,” said Mr. von Saucken. “Colliers’ focus on service
excellence and its enterprising culture will create seamless
integration with our existing business and we look forward to being
in a position to better service our current and new clients going
forward.”
“This is the third in a series of strategic
acquisitions in EMEA this year, all of which increase our strength
and breadth to better serve our clients,” said Chris McLernon,
Colliers International CEO | EMEA. “We will continue to pursue
growth opportunities and strategic acquisitions that grow our
market share, add service offerings and expand geographical
presence, building further momentum that makes Colliers the real
estate firm of choice for successful companies and enterprising
people.”
About Colliers International Group
Inc.
Colliers International Group Inc.
(NASDAQ:CIGI) (TSX:CIGI) is an industry-leading real estate
services company with a global brand operating in 69 countries and
a workforce of more than 12,000 skilled professionals serving
clients in the world’s most important markets. Colliers is the
fastest-growing publicly listed global real estate services
company, with 2017 corporate revenues of $2.3 billion ($2.7 billion
including affiliates). With an enterprising culture and significant
employee ownership and control, 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 13 consecutive years,
more than any other real estate services firm. Colliers has also
been ranked the number one 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:
@Colliers and LinkedIn.
COLLIERS CONTACTS:
John B. FriedrichsenChief Financial
Officer(416) 960-9500
Matthias Leube Chief Executive Officer
| Germany(49) 69 719192-0
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