Colliers discontinues operations in Russia and Belarus
March 07 2022 - 12:00PM
Colliers stands with the people of Ukraine, an independent country,
and strongly condemns the invasion by the Russian military. These
actions are indefensible and in complete contrast to the principles
of democracy and freedom. We fully support all appropriate
sanctions enacted by the international community and, in response
to the gravity of Russia’s aggression, Colliers has discontinued
its business in Russia and Belarus, effective immediately, after
more than 28 years of operations. We thank our former colleagues
and partners for their work over the years and wish them well as
they navigate the future.
“I am appalled and saddened by the unnecessary loss of life and
the displacement of millions of Ukrainians from their home. We
cannot and will not stand idly by. Our decision to exit Russia and
Belarus is one we make with conviction,” said Jay Hennick, Global
Chairman & Chief Executive Officer of Colliers.
Colliers continues to prioritize the safety and welfare of our
people and clients in Ukraine, as well as in the broader Central
& Eastern European region. As a result of this crisis, our
affiliate office in Kyiv is closed and all business operations
there have been suspended. We are focused on supporting our
Ukrainian colleagues who remain in country, those who are seeking
refuge, and the families of our people who have been affected. Our
operations in neighbouring countries are actively providing
temporary accommodation, monetary support and other necessities. We
are moved by the outpouring of support from Colliers people around
the world who have reached out to help in every possible way.
The company and members of senior leadership have made
significant donations to the Ukraine Crisis Appeal via the
International Committee of the Red Cross and other humanitarian
charities. Colliers is also matching donations from our people
through the Colliers Crisis Fund to maximize support toward
humanitarian relief.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified
professional services and investment management company. With
operations in 64 countries, our 17,000 enterprising professionals
work collaboratively to provide expert real estate and investment
advice to clients. For more than 27 years, our experienced
leadership with significant inside ownership has delivered compound
annual investment returns of 20% for shareholders. With annual
revenues of $4.1 billion and more than $50 billion of assets under
management, Colliers maximizes the potential of property and real
assets to accelerate the success of our clients, our investors and
our people. Learn more at corporate.colliers.com,
Twitter @Colliers or LinkedIn.
Media Contact:
Andrea Cheung Global Senior Manager, Global Integrated
Communications Andrea.Cheung@colliers.com (416) 324-6402
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