Colliers to acquire best in class Italian investment management business
October 07 2021 - 7:00AM
Leading diversified professional services and investment management
company, Colliers (NASDAQ and TSX: CIGI), announced today it has
entered into an agreement to acquire a controlling interest in
Antirion SGR S.p.A., one of the largest real estate investment
management firms in Italy with assets throughout Western Europe.
Ofer Arbib, founder and CEO and his team will continue to lead the
organization and will retain a significant equity interest in the
firm going forward under Colliers’ unique partnership model. The
firm will be rebranded as Colliers Global Investors shortly after
closing. This investment further expands Colliers Global Investors’
growing platform in Europe and leverages its benefits for existing
and new investors. 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.
Founded in 2009 in Milan, Antirion has become one of the most
prominent and highly respected real estate investment management
firms based in Italy. With more than €3.8 billion of assets under
management (AUM), Antirion has consistently delivered strong
returns for investors over the long-term across ten funds primarily
through investments in office, hospitality, retail, and residential
asset classes. The firm employs 35 professionals that cover the
region from offices in Milan and Rome.
“Colliers Global Investors views growth in Italy and Western
Europe as a natural progression of its business offering strong
benefits for investors,” said Chris McLernon, CEO | EMEA for
Colliers. “We are thrilled to be partnering with Ofer and his
talented investment team, who have one of the best long-term
investing track records in Italy since the firm’s founding in 2009.
As partners, we will continue expanding the platform to provide
existing and future clients innovative investment products within
Europe.”
“Partnering with Colliers dramatically expands Antirion’s
potential and offers tremendous benefits to our clients. Colliers’
global investment management platform currently manages more than
$45 billion of AUM on behalf of more than 500 institutional
investors around the world, giving Antirion’s clients access to a
more diverse product set. In addition, we are excited to invite
Colliers clients to invest in our top performing funds in Italy and
Western Europe,” said Ofer Arbib, CEO of Antirion.
About ColliersColliers is a leading diversified
professional services and investment management company. With
operations in 66 countries, our more than 15,000 enterprising
professionals work collaboratively to provide expert advice to real
estate occupiers, owners and investors. For more than 25 years, our
experienced leadership with significant insider ownership has
delivered compound annual investment returns of almost 20% for
shareholders. With annualized revenues of $3.3 billion ($3.6
billion including affiliates) and $45 billion of assets under
management, we maximize the potential of property and accelerate
the success of our clients and our people. Learn more at
corporate.colliers.com, Twitter @Colliers or LinkedIn.
Colliers Contacts:
Christian MayerChief Financial Officer416-960-9500
Chris McLernonCEO | EMEA(44) 20 7487 7000
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