Toronto,
04
May
2016
|
12:06 AM
America/Los_Angeles

Colliers International continues expansion in Florida

Adding Colliers Northeast Florida further strengthens operations in the Southeast U.S.

Summary

Adding Colliers Northeast Florida further strengthens operations in the Southeast U.S.

TORONTO, May 4, 2016 — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) announced today the acquisition of Colliers International Northeast Florida (“Colliers NE Florida”). From their offices in Jacksonville, the 45 professionals of Colliers NE Florida provide a full range of services including sales, leasing brokerage, capital markets, valuation and advisory and property management to local, regional, national and international clients. Terms of the transaction were not disclosed.

“Following on our acquisition of Colliers Central Florida earlier this year, the acquisition of Colliers NE Florida completes the consolidation of our operations in this important market. We now have ten company owned offices in Florida and the ability to provide seamless service throughout the state,” said Joseph Harbert, Colliers International President | Eastern Region. “We are excited about having one fully integrated platform in Florida allowing us to provide the best service offering to our clients,” he concluded.

“We have been a proud member of Colliers International for many years, so for us becoming part of the global entity was the natural next step,” said Robert Selton, CEO of Colliers NE Florida. “By fully integrating our operations we are now able to leverage the size, capital and established infrastructure of the Colliers International global platform to better serve our clients and create more opportunities for our professionals. The future has never been brighter for our company and our people,” he concluded.

“This addition is the latest in a series of strategic acquisitions that we have completed in the U.S. over the past two years. We continue to strengthen our best in class service platform and reinforce the Colliers International brand as the global firm of choice for organizations and professionals who seek to align with a company differentiated by an enterprising culture,” said Dylan Taylor President & COO Colliers International.

Forward-Looking Statements

Certain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Colliers believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand for Colliers’ services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy, including Colliers’ ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2015 under the heading “Risk Factors” (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.