Mr. Jay Hennick reports

COLLIERS PROPTECH ACCELERATOR POWERED BY TECHSTARS ANNOUNCES THE CLASS OF 2018

Colliers International Group Inc. has provided the 2018 class of proptech start-ups for the Colliers Proptech Accelerator powered by Techstars. This program is part of the company's focus on targeted innovation that will enable it to create solutions, shape technologies and find opportunities to advance its business and accelerate success. In the inaugural class, the company has diverse technologies and entrepreneurs, including: solutions across the real estate value chain such as commercial data sets for occupiers and investors; office services and tenant engagement; big data, analytics and artificial intelligence; space as a service; marketplaces and space utilization; and Smart City and Internet of Things.

Entrepreneurs representing nine cities in seven countries

"Each start-up in our class of 2018 has been carefully selected for investment based on their approach to near-term, value-enhancing opportunities for our clients and professionals as well as longer-term opportunities that, with strong technology platforms, will help us push industry boundaries," said Jay Hennick, Colliers chairman and chief executive officer. "At Colliers, our enterprising culture values mentorship and the benefits it can bring to a growing company. Our class will have access to more than 100 Colliers and industry mentors, as part of the Colliers Proptech Accelerator, giving them an exceptional opportunity to test, pilot and grow their companies."

Over the next 13 weeks, the class of 2018 will work from the Techstars Accelerator space in Toronto to refine their business plans and gain traction with the market, while accelerating their fundraising strategies and developing Demo Day presentations. Through this process, the start-ups will work closely with mentors from Colliers and the broader real estate industry, successful start-up founders, and venture capitalists. At the end of the program, each start-up will present to investors and mentors at Demo Day on Dec. 4, 2018.

"Colliers is entrepreneurial and enterprising, which puts us in a unique position to help start-ups develop innovative, focused and value-enhancing services for our clients and professionals," said Dylan Taylor, Colliers president and chief operating officer. "Our Proptech Accelerator combines Techstars's expertise in technology innovation, start-ups and alumni networks with our real estate expertise and international network."

Colliers Protech Accelerator class of 2018:

• A Retail Space (New York, United States): A Retail Space finds the perfect location for your business through data.
• Basking (Berlin, Germany): Basking.io is a return-on-investment-driven building automation platform for the flexible office space market.
• Booqed (Hong Kong, China): Booqed is a digital marketplace for flexible space, helping to connect businesses needing places to work, meet or host an event, with landlords seeking to monetize underutilized space.
• Lane (Toronto, Canada): Lane is the operating system for your building, streamlining building operations on a cloud-based platform you can access anywhere.
• MapYourProperty (Toronto, Canada): MapYourProperty is a Google Maps for real estate land development, simplifying the planning process to a three-click solution.
• Propstack (Mumbai, India): Propstack is a data and analytics company that helps predict real estate market trends and enables efficient transactions.
• Raybased (Gothenburg, Sweden): Raybased is the open wireless network for commercial real estate, communicating across all existing electrical systems to monitor, control and optimize functions such as heating, ventilation, lighting and building access.
• RefineRE (Dallas, U.S.): RefineRE leverages real-time market data to provide commercial real estate portfolio intelligence for organizations looking to make smarter, better and faster decisions about buying, selling, leasing, expanding or downsizing their property footprint.
• SPCE (London, United Kingdom): In partnership with Experian and the world's top universities, SPCE allows the higher education community to search and pay for campus-specific, student rental properties and accrue a positive credit rating without the need for deposits or joint tenancy liability.
• Upsuite (Denver, U.S.): Upsuite is where teams go to find co-working spaces.

About Colliers International Group Inc.

Colliers International Group is a top-tier global real estate services and investment management company operating in 69 countries with a work force of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3-billion ($2.7-billion including affiliates). With an enterprising culture, and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and, through its investment management services platform, has more than $20-billion of assets under management from the world's most respected institutional real estate investors.