Colliers completes acquisitions in Italy

Rhea-AI Summary

Colliers (NASDAQ, TSX: CIGI) has completed two significant acquisitions in Italy: Colliers Italy, a full-service commercial real estate firm, and Antirion SGR, a leading real estate investment management company. This strategic move strengthens their position in a vital European market. Senior leadership from both firms will maintain operations and significant ownership under Colliers’ partnership model. Antirion will transition to Colliers Global Investors Italy following the closure of the deal.

Positive

• Expansion into a key European market through acquisition.
• Maintenance of local leadership, ensuring continuity and expertise.
• Potential revenue growth from the combined operations.

Negative

• None.

Expands presence in an important European region

TORONTO and MILAN, Italy, April 04, 2022 (GLOBE NEWSWIRE) -- Leading global professional services and investment management firm, Colliers (NASDAQ and TSX: CIGI), today announced the completion of two previously reported acquisitions: Colliers Italy, a previously affiliated full service commercial real estate firm, and Antirion SGR S.p.A., one of the largest real estate investment management firms in Italy. Senior leadership teams at Colliers Italy and Antirion will continue to oversee operations of their respective firms and retain significant shareholdings in the businesses under Colliers’ unique partnership model. Antirion will begin rebranding as Colliers Global Investors Italy at close.

From left to right: Chris McLernon (CEO, Colliers | EMEA), Ofer Arbib (Co-principal of Colliers Italy and CEO of Colliers Global Investors Italy), Giulia Longo (Co-principal of Colliers Italy)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3705d8c8-1400-44d6-88a3-7090120d6ba5

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.1 billion and more than $50 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Colliers Contacts:

Christian Mayer
Chief Financial Officer
(416) 960-9500

Chris McLernon
Chief Executive Officer | EMEA
(44) 20 7487 7000 

FAQ

What acquisitions did Colliers announce on April 4, 2022?

Colliers announced the acquisition of Colliers Italy and Antirion SGR, enhancing its presence in Europe.

What is the expected impact of the acquisitions on Colliers?

The acquisitions are expected to drive revenue growth and strengthen operational capabilities in the European market.

Who will manage the operations of the newly acquired companies?

Senior leadership teams from Colliers Italy and Antirion will continue to oversee their respective firms.

What will Antirion SGR be rebranded to?

Antirion SGR will be rebranded as Colliers Global Investors Italy.