28 July 2015
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG), a leading global real estate service provider and Mate Plus, one of Korea’s largest property managers, announced a partnership agreement that will greatly expand collaboration between the two organisations.
The new arrangement will see two market leaders joining forces and operating under the brand name of Colliers International. This strategic integration will enable the company to enhance the range and depth of its service offerings to better serve our Korean clients in such areas as Investment and Retail Services. Under the new arrangement, the Colliers team in Korea will comprise 40-50 professionals backed by substantially more resources and expertise.
“We have already established a strong team in Korea. The strategic partnership with Mate Plus is a milestone in the development and expansion of our Asia business in what we regard as a key market with huge development potential. As a group, we will benefit from more listings to attract inbound investment and will be able to leverage upon Mate Plus’ established client network, especially its relationships with many large conglomerates. The new set-up also offers opportunities to tap into many new Korean outbound capital sources,” Alan Liu, Managing Director, North Asia of Colliers International said.
Mate Plus is a rapidly growing operation that has established itself as a major player in all property fields, providing a comprehensive set of real estate services from sales and leasing transactions, property and facilities management, to consulting, strategic planning, investment management, business administration, and tenant representation, all founded on a solid physical due diligence practice. The company is Korea’s leading property manager, responsible for more than three million square metres across the country, a level that has more than doubled in the last four years. Last year, Mate Plus represented tenants in 60 new leasing contracts with total area in excess of 100,000 square metres.
Mr. Byonggon Choi, President of Mate Plus commented, “We are very pleased to form a strategic partnership with Colliers. By combining our expertise in property management with Colliers’ global footprint, we will be uniquely positioned to provide superior service to our clients.”