Colliers expands offering in Belgium
December 06 2022 - 4:00AM
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”), a
leading Belgian commercial real estate advisor with offices in
Brussels and Antwerp. Belsquare will be rebranded as Colliers and
merged with Colliers’ existing operations in Belgium (“Colliers
Belgium”). Belsquare’s senior management team will lead Colliers
Belgium and retain a significant equity stake going forward under
Colliers’ unique partnership model. The terms of the transaction
were not disclosed.
Founded in 2013, Belsquare brings an outstanding
team of transactional experts that will strengthen Colliers’
presence in the region. The combined Colliers Belgium operations
will have more than 70 professionals and offer a full suite of
services for clients including capital markets advisory, leasing,
valuation, project management, and property management.
“Building on our current capabilities in project
management and property management, this partnership adds a
market-leading transactional business and provides Colliers with a
full suite of capabilities to service our national and
international clients,” said Davoud Amel-Azizpour, CEO of Colliers
| EMEA. “This is the latest investment in a series of strategic
acquisitions in EMEA that demonstrates our growth throughout
Europe.”
“Our partnership with Colliers is a logical next
step in the firm’s evolution as we share Colliers’ enterprising
culture and commitment to service excellence,” said David
Vermeesch, Co-Founder and Managing Partner of Belsquare. “We will
benefit from the Colliers’ global brand, platform, and
relationships, which positions us to accelerate our combined growth
over the coming years. We are extremely excited and look forward to
being part of a diversified and resilient firm like Colliers,”
added Charles Lasserre, Co-Founder and Managing Partner of
Belsquare.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading
diversified professional services and investment management
company. With operations in 63 countries, our 18,000
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 approximately
20% for shareholders. With annual revenues of $4.6 billion and
$92 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.
Colliers Contacts:
Christian MayerChief Financial Officer |
Global(416) 960-9500
Davoud Amel-AzizpourChief Executive Officer |
EMEA(44) 20 7487 7020
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