Broker Colliers announced on Thursday that it has entered into an agreement to acquire a controlling interest in Antirion Sgr, one of the largest real estate investment management firms in Italy with assets throughout Western Europe.
Ofer Arbib, founder and CEO and his team will continue to lead the organization and will retain a significant equity interest in the firm going forward under Colliers’ unique partnership model.
The firm will be rebranded as Colliers Global Investors shortly after closing.
This investment expands Colliers Global Investors’ growing platform in Europe and leverages its benefits for existing and new investors. The transaction is expected to close in the first quarter of 2022. Details of the transaction were not disclosed.
Founded in 2009 in Milan, Antirion has become one of the most prominent real estate investment management firms based in Italy, with more than €3.8 bn of assets under management (AUM). The firm employs 35 professionals that cover the region from offices in Milan and Rome.
'Colliers Global Investors views growth in Italy and Western Europe as a natural progression of its business offering strong benefits for investors,' said Chris McLernon, CEO | EMEA for Colliers. 'We are thrilled to be partnering with Ofer and his talented investment team, who have one of the best long-term investing track records in Italy since the firm’s founding in 2009. As partners, we will continue expanding the platform to provide existing and future clients innovative investment products within Europe.'
'Partnering with Colliers dramatically expands Antirion’s potential and offers tremendous benefits to our clients. Colliers’ global investment management platform currently manages more than $45 bn of AUM on behalf of more than 500 institutional investors around the world, giving Antirion’s clients access to a more diverse product set. In addition, we are excited to invite Colliers' clients to invest in our top performing funds in Italy and Western Europe,' said Ofer Arbib, CEO of Antirion.
In late September Antirion bought a 50% share in the vehicle owner of the Tour Saint-Gobain in Paris La Défense from Italian insurer Generali's property arm. Although financial details were not disclosed, the asset is said to have a value of several hundred millions.
