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Colliers International to acquire residential investment leader in Frankfurt

Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced it has entered into a definitive agreement to acquire Engel & Völkers Main -Taunus GmbH the leading multi-family investment experts in the Frankfurt region, one of Germany’s most populous and a leading global financial centre. The business will be rebranded as Colliers International and integrated into existing operations increasing Colliers’ scale and capabilities throughout Frankfurt with the opportunities to significantly accelerate the division’s growth throughout Germany.  The transaction is subject to customary closing conditions and is expected to close by the end of June 2018.  No further details of the transaction were disclosed.
Founded in 2002 by Managing Director Felix von Saucken, the operation is comprised of a highly qualified team of professionals providing multifamily investment services to institutions and high net worth investors. Mr. von Saucken will join Colliers International as a Managing Director and will lead the multi-family investment operations locally and develop the capability across Germany.

“Multi-family investment is a stable and growing asset class in Germany and given its attractive return characteristics, very appealing to a broad range of investors,” said Matthias Leube, Colliers International Chief Executive Officer | Germany. “The addition of the Frankfurt business will strengthen our established multi-family team and the addition of a high calibre, industry leader in Mr. von Saucken to lead our national service line, will position Colliers to better serve our clients domestically and internationally.”

“By joining forces with Colliers International, we will benefit from their global brand and platform, positioning us to accelerate our growth in the Frankfurt region and across Germany,” said Mr. von Saucken. “Colliers’ focus on service excellence and its enterprising culture will create seamless integration with our existing business and we look forward to being in a position to better service our current and new clients going forward.”

“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,” said Chris McLernon Colliers International CEO | EMEA. “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.” 

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Chris McLernon

Chief Executive Officer | EMEA


EMEA Headquarters

As Chief Executive Officer for Europe, Middle East and Africa, Chris is responsible for the growth and strategic direction of the business in the region. Bringing a depth of experience in building and growing businesses in mature and emerging markets, Chris has played an integral role in growing Colliers International into its current position as a top three global commercial real estate services provider.

Passionate about providing our clients with the highest level of service, Chris is committed to ensuring a seamless service experience across our complete range of services offered in the 43 countries in which we operate in the region.

In addition to his role as CEO in the EMEA, Chris is also a member of the global senior executive team that sets the vision and strategy for Colliers International.

Chris’ real estate career began in 1987 when he joined Colliers International as an office leasing advisor in Toronto. One of the most active top producers in Canada, he received awards for completing the most transactions in a single year in 1991, 1992 and 1993.

In 1994, Chris relocated to Mexico City to build the Latin America business. In his five years there, he was lead principal on four major acquisitions in Mexico, Brazil, Peru and Columbia. In 1998, he was appointed CEO for the region.

In 1999, Chris moved to Miami, home to over 500 Latin American headquarters, to set up the regional corporate solutions team.

Chris returned to Toronto in 2002 and expanded his responsibility as CEO of EMEA, focusing on the growth of the emerging European markets and leading acquisitions in six countries in Southeast Europe, the UK, Ireland, Spain and the Netherlands. In 2008, he moved to London where he set up the EMEA headquarters.

In 2012, Chris served as lead principal in the acquisition of the Colliers German affiliate, bringing five cities and 230 professionals into the fold.

In 2014, he was lead principal in the acquisition of the AOS Group, the premier occupier-focused business in Europe, in a deal that added to the company 430 professionals across 10 countries in multiple service lines.

Throughout his career, Chris has delivered exceptional service, fulfilling the real estate needs of major corporations such as Nortel Networks, Federal Express, Oracle Corporation, Cisco Systems, Compaq, Dun & Bradstreet, Ford Motor Land, Microsoft, Regus Business Centers and Silicon Graphics.

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