The new company, which is based in Tel Aviv, will provide a full range of commercial property transactional services with particular expertise in the technology sector. Ran Raviv, previously Chief Executive at New Target, will become Chief Executive of Colliers International, Israel.

Commenting on the new company, Chris McLernon, CEO, EMEA at Colliers International said:
“We are delighted to be teaming up with New Target. They are one of the leading commercial real estate advisers in Israel and will be a great fit with our global business because they understand our commitment to providing our clients with the best service experience possible.

“We have wanted to open a new office in Israel for some time now as we know there are great opportunities for us here, and we believe Ran and his team are the ideal partners to help us take full advantage of these. This is part of our plan to grow our EMEA business, both organically through our more than 100 offices and through mergers and acquisitions.”

Ran Raviv, CEO of the new Colliers International in Israel, added:

“Our New Target clients depend on our in-depth local knowledge, and know that we provide individual solutions to all their property needs. This personalised approach will not change, but now they will have access to unparalleled global expertise across all real estate sectors via Colliers’ 12,300 professionals in more than 500 offices in 63 countries. And multi-national businesses looking to expand into Israel can be reassured knowing that we are committed to delivering the level of service they have grown to expect from Colliers, but now they have the added advantage of local experts who know their market completely.

For inquiries please contact CEO, Ran Raviv.