10:21:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Colliers International Group Inc
Symbol CIGI
Shares Issued 37,817,967
Close 2018-07-03 C$ 102.22
Market Cap C$ 3,865,752,587
Recent Sedar Documents

Colliers acquires controlling interest in Sadolin

2018-07-03 10:13 ET - News Release

Mr. Chris McLernon reports

COLLIERS INTERNATIONAL CREATES DOMINANT MARKET LEADER IN DENMARK

Colliers International Group Inc. has acquired a controlling interest in Sadolin & Albak, Denmark's leading capital markets specialist, which will be merged with Colliers International's current operations in Denmark. The partners of Sadolin, together with the existing leadership team of Colliers Denmark, will retain a significant equity stake in the combined business under Colliers's unique enterprise partnership model. Together, Colliers Denmark will have a total of 150 professionals offering a variety of services including capital markets, corporate solutions, commercial lease and sales brokerage, urban consulting and advisory, and property valuations, operating from five offices in Copenhagen, Aarhus, Vejle, Aalborg and Odense. Terms of the transaction were not disclosed.

Established in 1967, Sadolin brings an exceptional leadership team and 46 professionals with expertise in capital markets. The combined business will be led by Peter Winther, chief executive officer, and Jeppe Schonfeld, who will serve as deputy CEO of Colliers International in the region.

"Following our recent acquisition of the market leader in Finland earlier in the year, this merger establishes Colliers as the dominant player in another key Nordic market," said Chris McLernon, CEO, Colliers International, EMEA. "We are going from strength to strength with the addition of these talented professionals establishing Colliers as one of the strongest pan-Nordic commercial real estate platforms anywhere."

"Our entrepreneurial culture and keen focus on service excellence has long been the key to our success, we are excited to partner with Colliers International, an organization that shares our entrepreneurial culture and keen focus on service excellence, along with a vision for the future focused on leveraging their well-established enterprising business model," said Peter Winther, CEO, Colliers, Denmark. "We look forward to taking full advantage of the Colliers International global brand and service platform, while accelerating the success of our clients domestically and internationally."

"Our entire team in Denmark is thrilled with this new development. The addition of experienced professionals in capital markets and research and valuation allows us to offer our clients additional best-in-class services throughout Denmark," said Jeppe Schonfeld, deputy CEO, Colliers, Denmark.

About Colliers International Group Inc.

Colliers International Group is an industry-leading real estate services company with a global brand operating in 69 countries and a work force of more than 12,000 skilled professionals serving clients in the world's most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3-billion ($2.7-billion including affiliates).

© 2024 Canjex Publishing Ltd. All rights reserved.