Colliers International Acquires Pointe Group Advisors
Integration of Miami-based, market-leading property management firm positions company in key gateway to Latin America and the world
TORONTO, CANADA, August 5, 2015 - Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) today announced the acquisition of Pointe Group Advisors, a market-leading commercial real estate services firm specializing in property management, project management and sales and lease brokerage. The firm was founded in 2003 by Peter Gardner, who will continue to lead Colliers property management operations in South Florida. This acquisition brings an extensive portfolio of more than 7 MSF of office, industrial and retail space in South Florida and more than 70 professionals operating from two offices in the state. Details of the transaction were not disclosed.
"We've been committed to expanding our operations in South Florida, and this is another major step forward," said Craig Robinson, President of Colliers International | USA. "The integration of Pointe Group Advisors' highly experienced team of professionals will not only strengthen our local operations but also continue to position Colliers in the region that serves as a key gateway to Latin America and the world."
"This acquisition will add significant scale to our South Florida operations, particularly our property management capability, which will further enable us to focus on growing relationships and expanding our services to clients in this important and thriving region," added Karen Whitt, President of Investor Services & Real Estate Management Services | USA at Colliers International.
"While we have enjoyed tremendous success as an independent firm, we are increasingly competing in a global environment where clients require a comprehensive worldwide platform and industry-leading tools in order to serve them consistently over many geographic regions," said Gardner. "By joining Colliers, we are part of a team that is culturally aligned to ours and is ideally positioned to continue exceling in the Florida market by leveraging the Colliers global brand, infrastructure and relationships."
In recent years, South Florida has emerged as a prime U.S. market for commercial real estate, with Miami considered among the top international destinations. Recognizing the ongoing potential in this market, Colliers has implemented a strategic expansion plan in South Florida by enhancing services and fostering the development of talent and relationships in the region. Colliers International serves clients in Florida, along with international clients that want to operate in South Florida to easily link to Latin America.
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