Colliers International Group Inchas acquired Belgian asset and property management firm IDB Management.

Colliers International Group Inchas acquired Belgian asset and property management firm IDB Management.

Financial details were not disclosed. As part of the transaction, IDB will be rebranded as Colliers International and the principals will lead its asset and property management segment going forward.

'We have known the team at IDB for a long time,' said Pierre-Gilles Solvit, CEO of Colliers Belgium. 'Their culture of professionalism, integrity and focus on client excellence was a natural fit with our own operations and we look forward to integrating them into the Colliers family. As we continue to expand our service capability in Belgium, the addition of IDB's service offerings complements our existing business and positions us well for future growth.'

Commenting on the deal, Chris McLernon, CEO of the EMEA for Colliers International said the Benelux region remains an important market in Europe. 'Strengthening our capability and service offerings, particularly in the area of asset and property management, is essential to our strategy of delivering customized asset and property management services seamlessly to clients throughout Europe and the rest of the world.'