London-listed Colliers CRE has reached agreement in principle on the terms of a proposed re-financing. The deal includes a new three-year banking facility and a substantial equity investment by FirstService Real Estate Advisors, a subsidiary of FirstService Corporation as part of a wider institutional placing.
London-listed Colliers CRE has reached agreement in principle on the terms of a proposed re-financing. The deal includes a new three-year banking facility and a substantial equity investment by FirstService Real Estate Advisors, a subsidiary of FirstService Corporation as part of a wider institutional placing.
FirstService Corporation has annualised revenues of more than $1.8 bn (EUR 1.2 bn). FirstService is the fourth largest commercial real estate services firm in the world and the largest member of Colliers International, with operations in 37 countries.
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