Toronto, Canada.,
10
January
2016
|
12:00 AM
America/Los_Angeles

Colliers International Acquires Groupe Immobilier

Summary

Acquisition strengthens Colliers' office landlord representation capabilities in Quebec

Toronto, January 11, 2016 – Leading commercial real estate services firm Colliers International Group Inc. (“Colliers”) (NASDAQ: CIGI, TSX: CIG) today announced the acquisition of Groupe Immobilier (Montréal • Québec) (“GIMQ”), a commercial real estate services and landlord representation firm in Montreal, Québec. GIMQ has been servicing the Québec market for over 30 years. Terms of the transaction were not disclosed. 

This acquisition expands Colliers office landlord representation capabilities across Québec, augmenting its already strong presence and team. GIMQ will immediately rebrand as Colliers International and their entire team of professionals will be fully integrated into Colliers business and will be based out of Colliers’ existing offices in Montréal and Québec City.

Andrew Maravita, Managing Director for Colliers International in Québec, commented: “Groupe Immobilier (Montréal • Québec) is a great cultural fit for Colliers. Andre and his team’s long-standing commitment to innovative solutions and dedication to enhancing landlord asset value combined with the Colliers International global platform is a winning combination for our people and our clients.”

“We are very excited to be part of Colliers International,” said Andre G. Plourde. “Our track record for enhancing investor asset values for more than 30 years, combined with Colliers’ leading global platform, will enable us to offer both existing and new clients expanded, world-class advisory services. We are already seeing the benefits of Colliers strong global platform and the resources we can now access, which has enhanced our ability to grow asset value for Québec real estate investors.”