Prague, Czech Republic

September, 2006 - Prague, Czech Republic – The Colliers International Investment Advisory Group (IAG) has expanded.  Colliers IAG has hired Paul Moore and Meagan Caldwell, two real estate professionals with international experience.  The duo arrives from the Colliers International Los Angeles office, where they both specialized in investment sales.

Paul Moore will focus on retail investment sales in Prague and the Czech Republic.  Moore brings extensive retail investment expertise and he has represented buyers and vendors in the highly competitive Los Angeles real estate market in transactions valued at over $100 million.  In addition, Moore was awarded “Rookie of the Year” in 2004 for the highest gross sales among Colliers professionals in the 13-office Los Angeles region. 

Director of Investment, Brent Watkins notes, “Paul’s retail investment expertise is a perfect fit for us.  We are seeing strong investor demand for retail product and new retail developments are occurring throughout the region.  We are looking forward to increasing our capacity for retail product and we anticipate significant growth in transaction volume in the near and mid-term.” 

Meagan Caldwell will be responsible for marketing and building up the Colliers brand in the Czech Republic investment arena.  Caldwell was part of a senior institutional investment team in Los Angeles where she was responsible for marketing on over $300 million of properties around the U.S. 

Watkins cites the growing importance of marketing in the Czech investment market, “As our business continues to expand, marketing is becoming increasingly important and we are excited to have Meagan’s expertise to take us to the next level of service.”

About Colliers Investment Advisory Group (IAG)

Colliers International’s Central & Eastern European Investment Advisory Group was established in 2001 with 14 regional offices, including the Czech Republic, Hungary, Poland, Romania and Russia.  Colliers IAG provides a variety of services including investment consulting, valuation, market research & analysis, buyer & vendor representation and financial analysis.  The Prague IAG team has extensive international experience in different product types including office, retail, industrial and hotel with a total transaction value approaching €1 billion. 

About Colliers International

Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide.  These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research.  Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff.  CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV).  CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$1.4 billion and 241 offices in 54 countries.  CMN can be found on the Web at http://www.colliersmn.com.

Locally, Colliers professionals serve clients throughout Prague and the Czech Republic.  Colliers’ sales and leasing professionals have been consistently honored as top producers within the Central & Eastern Europe region.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 9,327 employees span the world in 241 offices in 54 countries. On a worldwide basis, Colliers manages 595,725,580 square feet, and has revenue of $US 1,442,478,223. For more information about Colliers International, visit our website at www.colliers.com.

Contact Information

Brent Watkins, Director

Investment Advisory Group, Colliers International

Tel: +420.221.451.518

Email: Brent.Watkins@colliers.cz

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