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Colliers announces expansion in Belgium with the acquisition of BelSquare

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Acquisition maximises multi-service offering

Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today that it has acquired a majority interest in BelSquare SRL (“BelSquare”), the Belgium real estate advisor. 

This acquisition combines BelSquare with Colliers’ already well-established Belgium team, adding to the services available to clients.  Under the guidance of Antoine Derville, CEO of Colliers, France and Belgium, Charles Lasserre and David Vermeesch who were Managing Partners of BelSquare become co-heads of the newly formed Colliers Belgium operation. Other members of the leadership team include Annick Vandenbulcke, who as former Managing Director of Colliers Belgium will continue as Head of Occupier Advisory, Colliers, Belgium. 

BelSquare is a 26-person strong multi-service business, acting for domestic and international occupier, owner and investor clients. Combined with our existing business our expanded Belgium operation will have 70 professionals offering multiple services across Agency, Capital Markets, and Occupier Services, including Project Management and Design & Build, Valuations and Property Management.  

Davoud Amel-Azizpour, CEO of Colliers, EMEA, said, “Strengthening our pool of experts in Belgium is part of our EMEA Enterprise ’25 Growth strategy. It is fantastic to close the year out with this acquisition and to see the teams begin to integrate. We are confident that this acquisition will lead to an enhanced operation and set us up for long-term growth.”

“The BelSquare team are excited to become part of the Colliers’ industry-leading brand. Through the firm’s global platform, we can accelerate the services offered to our both domestic and international clients,“ explained David Vermeesch, Co-Head of Colliers Belgium, formerly BelSquare. 

Charles Lasserre, also formerly BelSquare and now Co-Head of Colliers Belgium, added, “We look forward to formally integrating with our new Belgium colleagues and leveraging Colliers’ reach, to propel our growth, market share, and client service capabilities.” 

Concluding, Antoine Derville, CEO of France and Belgium, Colliers, said, “BelSquare holds a highly-regarded reputation in the local Belgium market, which the team can now build upon with the weight of the Colliers established Belgium team and global platform behind it. Under David and Charles’ leadership, and with Annick’s strong network of occupier clients, our expanded operation will double its revenue, going from strength to strength, and maximising the potential for our clients and our people.” 

 

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Members of the BelSquare team joining Colliers Belgium.

 

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United Kingdom

Anna Silkstone

Head of Content

London - West End

Anna is an experienced B2B marketer, communications and business development adviser. She specialises in content creation and the resultant campaign output. In her role as Head of Content, EMEA she develops compelling communications for multi-channel direct and social marketing, media and internal communications. This is done in partnership with the business line leaders, research, digital and creative leads.

Anna has developed all of her career experience in the real estate industry. This has included leading on market response campaigns, thought leadership content development, research report identification, production and launch, client engagement and market profiling campaigns, proposal responses and bid presentation management, value propositions for marketing material, trade show presence, stakeholder management, internal and external communications, and building a remote-working marketing team. 

Prior to Colliers Anna worked at the global law firm, Dentons LLP as a Senior Business Development Manager for the Real Estate team and latterly as Head of Campaigns for the UKIME region, focusing on Environmental, Social and Governance. Anna also worked at CBRE for over two years and supported the Occupier Services section of the EMEA business. Before CBRE, Anna was at Lambert Smith Hampton for nearly nine years in a regional marketing role and later as a UK campaign manager. 

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United Kingdom

Davoud Amel-Azizpour

Chief Executive Officer EMEA

EMEA Headquarters, London

As Chief Executive Officer (CEO) for the EMEA region (Europe, Middle East and Africa), Davoud is responsible for establishing and leading the strategic direction and delivering business expansion through the fulfilment of our Enterprise ’25 growth strategy. Davoud joined Colliers in an Executive Board role in 2012 holding the position of Head of EMEA Finance and Corporate Development. In 2017 he became Chief Financial Officer for the region, before becoming the CEO for EMEA in 2022.

Focused on delivering the bold targets set in the five-year Enterprise ’25 growth strategy, Davoud supports organic growth through the EMEA expert country leadership team, business line expansion, particularly in Capital Markets, Property Management, and Occupier Services, and strategic acquisitions that enable the EMEA region to build at scale. Notable examples in the first six months of 2022 include:

·       The acquisition of Colliers Italy. Previously an affiliated full-service commercial real estate firm, and Antirion SGR S.p.A., one of the largest real estate investment management firms in Italy. Read more here

·       The expansion of Colliers’ Iberian Peninsula offering with the opening of a Portuguese office in Lisbon. Read more here

·       The strategic partnership agreement with Paragon, one of the UK’s largest independent building and project consultancies. Read more here

Before Colliers, Davoud began his career at KPMG and then moved to FTSE 100 listed Group Reed Elsevier plc.  Davoud also spent time working in the UK business of DTZ.

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France

Antoine Derville

CEO FRANCE

Paris

Antoine joins Colliers from Cushman & Wakefield, where he was Head of France and a member of the EMEA Executive Committee. His expertise in corporate real estate services brings a wealth of experience spanning more than 30 years, having held senior positions with CBRE, BNP Paribas Real Estate and Ernst & Young. He is well known for his client focus, strategic vision and enterprising spirit.

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