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Colliers to acquire market leading commercial real estate firm in Italy

Acquisition adds another strong company-owned operation in key European market

Leading diversified professional services and investment management company, Colliers, announced today it has entered into an agreement to acquire a controlling interest in Colliers International Italia S.p.A., Colliers Real Estate Services Italia S.R.L. and Colliers Real Estate Management Services Italia S.R.L. (collectively, “Colliers Italy”), which was previously an affiliate operation. The current shareholders of Colliers Italy, Ofer Arbib and Giulia Longo, will retain an equity interest in the business under Colliers’ unique partnership model. As a company-owned operation, Colliers Italy will continue to build on its market leadership position by increasing service capabilities and leveraging the vast resources of Colliers’ strong and highly innovative platform across Europe. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Details of the transaction were not disclosed. 

Originally founded in 1996, Colliers Italy has grown to over 80 professionals providing landlord agency, tenant representation, investment sales brokerage, property management, valuation and project management services to investors, developers and occupiers of commercial real estate.

“Milan and Rome are key European markets with a combined population of over 4.3 million and home to nearly all major Italian businesses and investors,” said Chris McLernon, CEO | EMEA for Colliers. “Colliers Italy has a market leading position and an experienced team of highly respected professionals with extensive knowledge of the Italian real estate landscape. This new partnership will allow Ofer and Giulia to continue their success and leverage the additional resources of the global business to better serve our clients domestically and internationally.”

“Given our long association with Colliers, this was a natural next step for our firm. Their enterprising approach and partnership philosophy will provide us with greater access to the broader Colliers platform to expand our capabilities and capitalize on the opportunities in our growing market,” said Giulia Longo, co-principal of Colliers Italy.
 

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Chris McLernon

Chief Executive Officer | EMEA

As Chief Executive Officer, Real Estate Services | Global, Chris takes responsibility for client relationships, operational excellence, and overall growth within Colliers’ rapidly growing real estate services across 62 countries. He oversees Colliers’ Capital Markets, Leasing and Outsourcing & Advisory businesses globally, with emphasis on accelerating growth, enhancing global collaboration, and strengthening our unique culture and way of doing business.

Bringing a depth of experience in building and growing businesses in mature and emerging markets, Chris has played an integral role in growing Colliers into its current position. Previously the Chief Executive Officer for Europe, Middle East and Africa (EMEA), Chris provided strategic direction for the region, ensuring a seamless service experience for clients across our complete range of services, and grew its revenues 20-fold. He oversaw more than 30 acquisitions including Colliers UK, Colliers Germany, Colliers Italy, Antirion, IREA, Sadline & Albaek, Ovenia and The AOS Group from France. Earlier, he built and led Colliers’ Latin America business and was one of the top producers in Canada when he joined Colliers in 1987 as an office leasing advisor in Toronto.

Throughout his career, Chris has delivered exceptional service, fulfilling the real estate needs of major corporations such as Nortel, FedEx, Oracle, Cisco Systems, Compaq, Dun & Bradstreet, Ford Motor Land, and Microsoft.

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