Investment management company Colliers has acquired a majority stake in Belgium real estate adviser BelSquare.
The Canada-based real estate services and investment management firm, which already has an established team in Belgium, said the latest deal will help expand the firm’s services available to clients.
Including BelSquare’s 26-person team, Colliers will now have 70 professionals for its Belgium operations, offering multiple services across agency, capital markets, and occupier services.
As part of the deal, Antoine Derville, CEO of Colliers, France and Belgium, Charles Lasserre and David Vermeesch, who were managing partners of BelSquare, become co-heads of the newly formed Colliers Belgium operation.
Annick Vandenbulcke, former managing director of Colliers Belgium will continue as head of occupier advisory at Colliers in Belgium.
Amel-Azizpour, CEO of Colliers, EMEA, said: “Strengthening our pool of experts in Belgium is part of our EMEA Enterprise ‘25 Growth strategy. It is fantastic to close the year out with this acquisition and to see the teams begin to integrate.
“We are confident that this acquisition will lead to an enhanced operation and set us up for long-term growth.”
Vermeesch said: “The BelSquare team are excited to become part of the Colliers’ industry-leading brand. Through the firm’s global platform, we can accelerate the services offered to our both domestic and international clients.”
Lasserre said: “We look forward to formally integrating with our new Belgium colleagues and leveraging Colliers’ reach to propel our growth, market share, and client service capabilities.”
Derville said: “BelSquare holds a highly-regarded reputation in the local Belgium market, which the team can now build upon with the weight of the Colliers established Belgium team and global platform behind it.
“Under David and Charles’ leadership, and with Annick’s strong network of occupier clients, our expanded operation will double its revenue, going from strength to strength, and maximising the potential for our clients and our people.”
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