Colliers International and FirstService Real Estate Advisors have announced they will combine their operations and global real estate services platforms. The combined entity will assume FirstService REA’s operating and partnership model and operate as Colliers International in 61 countries around the world.
Colliers International and FirstService Real Estate Advisors have announced they will combine their operations and global real estate services platforms. The combined entity will assume FirstService REA’s operating and partnership model and operate as Colliers International in 61 countries around the world.
The combination will rank Colliers International as the global commercial real estate industry’s third largest real estate services firm. FirstService REA is an autonomous subsidiary of publically traded FirstService Corporation.
In the past few years, FirstService REA has expanded globally, acquiring significant equity interests in Colliers International operations in the UK, Ireland, Spain, Russia and several other countries in Western and Eastern Europe and Asia Pacific. FirstService REA also launched Corporate Solutions and Institutional Asset and Property Management divisions
The fully integrated Colliers International business employs more than 15,000 people in 480 offices in 61 countries, and generates in excess of $1.9 bn in revenues annually.
´This is a milestone in our company’s history and another step forward in providing our clients with a broad range of highly specialized real estate services delivered seamlessly throughout the United States and 61 countries globally,´ said Douglas Frye, Chairman and CEO of Colliers International. 'With the transition to the Colliers International brand, as one centrally owned and operated entity together with local partners owning significant equity in their own operations, the industry has fundamentally shifted to an entirely new level of service excellence,' he added.
