TORONTO, Aug. 6, 2015
-- Colliers International Group Inc.
; TSX: CIG
) today announced it has acquired Lance, a leading real estate investment and corporate advisory firm in Morocco. Based in Casablanca, the firm employs 15 people and provides a full range of commercial property services including sales and lease brokerage particularly for international companies operating in the region. Colliers currently employs 35 people in Casablanca and offers a range of services including tenant representation, workplace consulting and project management services.
"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 in 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 of at Colliers International in EMEA.
About Colliers International Group
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIG
) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant inside ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
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). Certain risks and uncertainties specific to the arrangement transaction, Colliers and New FirstService are further described in the Management Information Circular of Old FirstService dated March 16, 2015. Other factors, risks and uncertainties not presently known to Colliers or that Colliers currently believes are not material could also cause actual results or events to differ materially from those expressed or implied by statements containing forward-looking information.
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