Colliers International has bought Icade Asset Management and Icade Conseil.

The move to buy the asset management and investor advisory services platforms in France adds more than €2bn of assets under management to Colliers International’s books.

Icade Asset Management and Icade Conseil will be rebranded as Colliers International-Investment & Asset Management.

Gilles Betthaeuser, president of Colliers International’s French business, said: “The Icade team will be a great addition to our existing advisory solutions business and will further our growth initiatives.

“The new Colliers International-Investment & Asset Management will continue to tailor flexible market solutions for clients to help them achieve their desired asset-enhancing objectives.”

Romain Frémont will become managing director at Colliers International Investment & Asset Management France. 

He said: “The fit between our organisations – culture, values, approach to client service and commitment to employees – were all major drivers to this transaction.

“Both firms are renowned for their enterprising approach to bringing together multi-disciplinary expertise needed to enhance value for both our corporate and investor clients.”