TORONTO, CANADA; January 12, 2017 – Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) announced today that it has acquired a controlling interest in Colliers International Denmark (“Colliers Denmark”). Senior management of Colliers Denmark will retain the balance of the equity under Colliers International’s unique enterprise partnership model. The acquisition of Colliers Denmark further strengthens Colliers International’s operations in Europe and provides a strong platform for future growth in the important Nordic region. The terms of the transactions were not disclosed.
Colliers Denmark employs approximately 100 real estate professionals in five offices across Denmark providing investment sales, lease brokerage, valuation and corporate services to local, regional, national and international clients in key markets throughout the region.
“Denmark is a strong and established market in Europe and represents an attractive growth opportunity for Colliers,” said Chris McLernon, Colliers International CEO | EMEA. “Having a market-leading position in Denmark is another step in our strategy to grow in this region and will allow us to expand our operations throughout the Nordics, reinforcing our ability to serve clients wherever they do business.”
“Having been affiliated with Colliers International for many years, this partnership is the natural next step for us, enabling us to expand our service offerings and further drive our growth in Denmark and the Nordic region,” said Jeppe Schoenfeld, CEO of Colliers Denmark. “Our senior management team is committed to a long future with Colliers and looking forward to capitalizing on global mandates, while delivering high quality real estate services to our clients seamlessly, anywhere in the world. All of us at Colliers Denmark are extremely excited about our new partnership and the opportunity to grow together in the years to come.”
“Over the years, Colliers International has grown by partnering with outstanding professionals like the team in Denmark, who have a strong passion for their business, a desire to continue growing, and a real focus on creating value by accelerating the success of their clients,” said Jay S. Hennick, Chairman & CEO of Colliers International. “This addition is the latest in a series of strategic acquisitions that we have completed in Europe, where we continue to invest in our operations to elevate the Colliers International brand and platform as the global firm of choice for successful organizations and professionals who thrive within an enterprising culture,” he concluded.