Deputy PM helps launch Colliers' Montenegrin office

Montenegro's deputy prime minister Vujica Lazovic and the economic development minister Branimir Gvozdenovic were among the dignitaries at the opening of Colliers International's new office in the Montenegrin capital Podgorica last week. US ambassador Roderick Moore and Clive Rumbold, the charge d'affaires of the delegation of the European Commission were also among the 100 invited guests at a special reception at Hotel Podgorica.

Minister Gvozdenovic welcomed the opening of the Colliers office, saying a major international player establishing itself in Podgorica was a positive reflection on the state of Montenegro's economy. Andreas Marambos, managing director, Colliers International Montenegro, said that the country had enormous potential for development and that Colliers could play a major part in this by co-ordinating interest from international investors.

Philip Bay, regional director of Colliers Southeast Europe, stressed the beauty of the country was a vital resource that should be protected, and suggested that sustainable development offered the best future for both local communities and business interests.

Colliers International Southeast Europe was named Property Consultant of the Year for the region in 2007 for the second straight year. It has nine offices in six countries: Albania, Bulgaria, Croatia, Greece, Montenegro and Serbia, and performs selected assignments in Slovenia, Bosnia & Herzegovina, FYR of Macedonia, and Cyprus.

Colliers International Southeast Europe currently has 2,500,00 m² of projects under exclusive representation. It is bigger than all four of its nearest competitors put together, and has averaged growth of 69% in the last five years per annum.