Colliers acquires New Zealand’s leading project manager
April 12 2023 - 7:00AM
Global diversified professional services and investment management
company Colliers (NASDAQ, TSX: CIGI) announced today it has
acquired a controlling interest in Greenstone Group Ltd.
(“Greenstone”), a leading project management and property advisory
firm in New Zealand. The Greenstone senior leadership team will
remain significant shareholders of the business under Colliers’
unique partnership model. The business will rebrand as “Colliers
Project Leaders” and integrate into Colliers’ market-leading New
Zealand operations. Terms of the transaction were not disclosed.
Founded in 2000, Greenstone offers project management and
property advisory services to a diverse range of end-markets
including commercial and residential developers, as well as the
government, education, and infrastructure sectors. Greenstone’s
professional services are delivered by more than 55 professionals
across four offices in New Zealand.
“Our partnership with Greenstone builds on several successful
investments that we have made in our Colliers Engineering &
Design and Colliers Project Leaders businesses, highlighting our
focus on building high-value, resilient and recurring professional
services businesses that can leverage our global brand and
footprint,” said Elias Mulamoottil, Co-Chief Investment Officer of
Colliers. “Our differentiated approach continues to attract leading
firms that value our unique partnership model, long-term growth
horizon, and decentralized and enterprising culture.”
“The addition of Greenstone will strengthen our overall Colliers
Project Leaders offering, allowing us to support our clients across
the region with their more complex challenges,” said John Kenny,
CEO Colliers Asia Pacific. “From our first meeting, we knew that
Greenstone shared our enterprising values and culture, and we are
excited to welcome these trusted professionals into the Colliers
organization.”
“By joining with a partner that shares our passion, values and
focus on service excellence, we can focus on the future of our
business,” said Shane Davis, Managing Director of Greenstone. “We
look forward to leveraging the Colliers brand, global platform, and
client relationships to help accelerate the success of our shared
clients and professionals in the years to come.”
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified
professional services and investment management company. With
operations in 65 countries, our 18,000 enterprising professionals
work collaboratively to provide expert real estate and investment
advice to clients. For more than 28 years, our
experienced leadership with significant inside ownership has
delivered compound annual investment returns of approximately 20%
for shareholders. With annual revenues of $4.5 billion and $98
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.
Contacts
John KennyChief Executive Officer | Asia Pacific+61 2 9257
0222
Elias MulamoottilCo-Chief Investment Officer | Global(416)
960-9500
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