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Colliers International announces end of affiliation with P&I in Portugal

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New partner sought in Portugal as Colliers continues to build market leading EMEA platform

Leading global commercial real estate services and investment management firm Colliers International (NASDAQ and TSX: CIGI) today announced the end of its affiliation with its partner in Portugal, P&I, Propriedade e Investimento, Consultores em Investimento Imobiliario, Lda (“P&I”), effective immediately.

A change in strategy for P&I which, focusing on professional services and the desire to maintain its independence, no longer fits within Colliers’ long term EMEA strategic growth plan has resulted in a mutual and amicable decision to part ways.

Colliers’ CEO | EMEA, Chris McLernon will lead a strategic review to identify a country leader for the development of Colliers’ new business in Portugal and will seek out new partners and top professionals to ensure Colliers maintains a market leading presence across Portugal. 
 
“Portugal is an important market for Colliers as we continue to build out our leading EMEA platform,” said Chris McLernon, CEO | EMEA, Colliers International. “We intend to maintain our reputation as a market leading transactional and advisory business, offering best in class services to our investor and occupier clients across Portugal.

“We are dedicated to driving exceptional results with the right property solutions for clients, wherever we operate, so we will be seeking opportunities to partner with professionals that strengthen our capabilities in capital markets, leasing, valuation and occupier solutions. Experts that will provide us with specialised market knowledge and deep client relationships that will easily integrate into our EMEA platform.”
Currently providing advice to a number of multi-national corporations, developers and investors, Colliers intends to build its future business in Portugal upon existing strong foundations, through which 4,000 professionals operate from 42 countries across the EMEA region.  
 
“We’d like to thank the owners, managers and all staff of P&I for their 20 plus years of contribution to servicing Colliers brand and clients and wish them well in their new business ventures,” concluded McLernon.
 

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Chris McLernon

Chief Executive Officer | EMEA

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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