Colliers International Group Inc. is a leading global real estate services provider, with an annual turnover of USD 2,700 million. The company is listed on the NASDAQ and the Toronto Stock Exchange, with offices in 69 countries and employs more than 15,000 professionals around the world. Merging its existing operations with Irea will allow Colliers International to further strengthen its presence in Spain, by creating a leading value-add advisory services group for the real estate and hotel sectors via a unique partnership. Mikel Echavarren, Partner and Founder of irea, will become CEO of Colliers International in Spain.

Colliers International in Spain will now comprise a team of more than 100 professionals with offices in Madrid and Barcelona, providing financial and strategic advisory services and advisory in capital markets, consultancy and valuations, workplace solutions and project management.

“The real estate and hotels market significant growth over the past few years and having the opportunity to augment our business with the highly regarded group of professionals from IREA takes us to the next level,” said Chris McLernon, Colliers International CEO | EMEA. “The combination of capabilities and professionals puts Colliers in an enviable position in Spain and we look forward to working with our partners to accelerate the success of our clients, wherever they choose to do business,” he concluded.

“The partnership with Colliers is the next evolution of our business given our shared culture and commitment to excellence” said Mikel Echavarren, CEO of Colliers International Spain. “Although our firm enjoyed tremendous success over the years, aligning with a global brand with an international platform second to none, will enable our professionals to better serve our clients. We are extremely excited about the opportunities ahead and look forward to continuing to provide best in class real estate services to our clients seamlessly, anywhere in the world.”.