"Lance expands Colliers' investment and corporate advisory capabilities in North Africa and is extremely complementary to our current business activities," said Chakib Guessous, Managing Director of Colliers International - Morocco. "The Lance team has built an enviable reputation locally and by combining operations we will be able to offer clients unrivalled access to a fully-integrated suite of workplace solutions and commercial property services."

"The senior executives of both organizations know each other well and each has a culture of service excellence," added Hicham Ibnbrahim, Managing Partner of Lance. "By uniting our local investment expertise and Colliers broad service offering and global reach, we foresee significant opportunities to expand our client base and accelerate our clients' success."

"This acquisition will greatly benefit our clients with a broad range of service lines while positioning us to expand our reach to most of Western and Central African countries," said Chris McLernon, CEO, EMEA at Colliers International.