Expands company-owned operations in Western Canada
Toronto and Winnipeg, April 17, 2018 – Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ and TSX: CIGI) today announced the acquisition of Colliers International Winnipeg (“Colliers Winnipeg”). Colliers Winnipeg is the number one commercial real estate advisory firm in the region, providing a full range of services including sales and leasing brokerage, property management and valuation and tax appraisal services to local, regional, national and international clients. Terms of the transaction were not disclosed.
“Winnipeg is an important market in Canada with a very stable economy that appeals to a broad range of large corporations,” said David Bowden, Colliers International Chief Executive Officer | Canada. “Colliers professionals have deep local market knowledge in Winnipeg and by expanding our capabilities into the largest metropolitan area in the Prairies, we can now better streamline our services throughout Western Canada, while also more effectively serving our clients in the Mid-West corridor that traverses Canada and the U.S.”
“We have been a proud member of Colliers International for many years, so becoming a company-owned operation as part of Colliers’ global platform was the natural next step in our own evolution,” said Wayne Pratt, Managing Director of Colliers Winnipeg. “By fully integrating our operations, we are now able to leverage the size, capital and established infrastructure of the Colliers global platform to better serve our clients and create more opportunities for our professionals. The future has never been brighter for our company and our people.”