TORONTO, January 7, 2016
- Colliers International Group Inc. (NASDAQ:CIGI
), a global leader in commercial real estate services, today announced the acquisition of Hatton Real Estate Limited (“Hatton”), one of London’s leading commercial property specialists. Concentrated in the “City Fringe” area of Central London, the new addition further strengthens the investment and office agency practice of Colliers International in the United Kingdom. Details of the transaction were not disclosed.
Founded in 2010, Hatton has fast become the leading property advisor in the rapidlyevolving City Fringe market, or “Tech City”, which is seen as the epicenter of the UK's digital economy. Hatton provides agency leasing, investment, development and tenant representation services to some of the UK’s most innovative and successful companies. Hatton will rebrand as Colliers International immediately and will relocate to a new and expanded office in Old Street in March 2016.
“As the most progressive commercial real estate firm in the UK, Colliers continues to look for ways to strengthen and diversify our business in major markets, particularly in London, and by adding this high quality and innovative team of real estate professionals we have taken our business to another level,” said Tony Horrell, CEO of Colliers International UK and Ireland. “The City Fringe is now considered to be one of London’s most sought-after commercial and residential districts and Hatton’s stronghold in the area combined with its entrepreneurial and collaborative approach to serving its clients will be an excellent fit with Colliers International,” he concluded.
“When considering our future, it was important that our new partners embraced our unique culture and working ethos,” said Shaun Simons, one of the senior partners of Hatton. “Together with Colliers International’s ‘best-in-class’ London Office team we believe that we can create one of the most powerful agency forces in Central London. For us, this is the start of a new and exciting chapter in our history and we are certain that combining our culture and local expertise with the Colliers’ global platform and experience will accelerate the success of our clients and real estate professionals for many years to come,” he concluded.
“I would like to welcome this fine group of real estate service professionals,” said Chris McLernon, CEO of EMEA for Colliers International. “This is another example of Colliers International being the firm of choice for best-in-class people who have an enterprising culture and continually challenge themselves to bring new and innovative ideas to our clients,” he concluded.