Toronto and Frankfurt, September, 2018 – Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) has today announced the completion of its acquisition of Engel & Völkers Main -Taunus GmbH, the leading residential investment experts in the Frankfurt region; one of Germany’s most populous and a leading global financial centre.
Founded in 2002 by Managing Director Felix von Saucken, the operation is comprised of a highly qualified team of professionals providing residential investment services to institutions and high net worth investors. Mr. von Saucken joins Colliers International as Head of Residential Investment in Germany, with responsibility for leading the residential investment operations locally to develop Colliers’ capability across Germany, reporting to Colliers’ German CEO, Matthias Leube.
“We are pleased to have completed our acquisition of Engel & Völkers. The business will now be rebranded as Colliers International and integrated into our existing operations. Under Mr von Saucken’s leadership, we hope to see Colliers’ scale and capabilities increase throughout Frankfurt, significantly accelerating our residential division’s growth throughout Germany,” said Matthias Leube, Colliers International Chief Executive Officer | Germany.
Chris McLernon Colliers International CEO | EMEA, added: “This is the third in a series of strategic acquisitions in EMEA this year, all of which increase our strength and breadth to better serve our clients. We will continue to pursue growth opportunities and strategic acquisitions that grow our market share, add service offerings and expand geographical presence, building further momentum that makes Colliers the real estate firm of choice for successful companies and enterprising people.”
No further details of the transaction were disclosed.