Internal growth was driven by outsourcing & advisory services activity, particularly in France where several large project management assignments commenced in the quarter; and increased brokerage revenues in Germany.
Commenting on the results Jay S. Hennick, our Chairman and CEO said: “Colliers reported strong results in the seasonally slower first quarter, with solid growth both internally and from acquisitions. Our revenue pipelines continue to reflect considerable activity across our various service lines, with generally stable conditions in most major markets. With our disciplined growth strategy, well established track record of success and strong balance sheet, Colliers International is better positioned than ever to continue building our global platform in the years to come.”
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