Case Study

Portland

851 SW Sixth Avenue
Suite 1200
Portland, OR 97204
USA
Main +1 503 223 3123

Vancouver

700 Washington Street
Suite 608
Vancouver, WA 98660
USA
Main +1 360 852 9600

David Kotansky
Managing Director david.kotansky@colliers.com

A New Standard in Management

When Standard Life required a national solution for property management and leasing across 90-plus buildings in a $300 million portfolio, Colliers’ team stepped up.


The challenge

Standard Life Investments conducted an extensive, competitive bid process to appoint an exclusive national service provider for properties throughout six provinces in Canada, including Vancouver, Edmonton, Calgary, Regina, Toronto and the greater Toronto area, Ottawa, Montreal and St John, New Brunswick. Standard Life’s ongoing acquisitions added 25 new properties to the mix, bringing the total portfolio to 90 properties valued at approximately $300 million.

The services

Colliers was charged to manage 4.8 million square feet of industrial, office and retail space. We employ 53 dedicated staff for these properties, including 32 specialists in property management and building operations and 21 brokerage professionals. Property management services include operating and capital budget management, on-site maintenance operations and tenant relationship management. Additionally, Colliers provides accounting and financial reporting, facility services, inspection services, lease administration, capital project management and property leasing and marketing.

The results

Since the start of the assignment in July 2007, Standard Life has retained Colliers International as its service partner, and Colliers has been responsible of onboarding three new portfolios purchased by Standard Life. In total, the Colliers team has brought overall occupancy rates up to 94%. Additionally, Standard Life continues to optimize operations by taking advantage of Colliers’ service offerings in inspection services, due diligence of property financials and operating costs.

“What impressed us most about Colliers was their combination of national market coverage and extensive connections for both brokerage and state-of-the-art property management systems.”

Peter Cuthbert Vice President, Standard Life Investments

Colliers at a Glance

Revenue: $2.6 billion*
Countries: 68
Professionals: 15,000
Square Feet Managed: 2 billion
Lease/Sale Transactions: 72,000
Total Transaction Value: $105 billion
*All statistics are for 2016, are in U.S. dollars and include affiliates. 

Portland
851 SW 6th Avenue, Suite 1200 Portland, OR 97204 United States | Tel: +1 503 223 3123