Toronto, August 6, 2015 - Colliers International Group Inc. (NASDAQ:CIGI) (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 - 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, EMEA at Colliers International.