Addition of market leader Ovenia Group further strengthens Colliers’ property and asset management platform in EMEA
TORONTO, Jan 5 (Bernama-GLOBE NEWSWIRE) --
Colliers International Group Inc. (NASDAQ:CIGI) and (TSX:CIGI), a
global leader in commercial real estate services, today announced the
acquisition of Ovenia Group (“Ovenia” or the “Company”), Finland’s
leading real estate management and service company. For the last twelve
months, the Company generated revenues of over US$50 million. Financial
details of the transaction were undisclosed. Ovenia will immediately
rebrand as Colliers International throughout Finland.
Founded in
1980 and headquartered in Helsinki with operations throughout Finland,
Ovenia employs over 500 skilled professionals and has a highly
experienced management team lead by CEO Sirpa Ojala. The Company
provides commercial real estate management services for office,
industrial and retail properties; retail and shopping center development
& consultancy; and residential management including multifamily
residential rentals and direct to consumer management services.
“This
acquisition represents an important milestone in our Nordic and pan
European growth strategy,” said Chris McLernon, Colliers International
Chief Executive Officer, EMEA. “Our clients have been asking us to
strengthen our presence in the Nordics for some time and with this
investment, we enter the market as the undisputed leader. Our new
business in Finland also enhances our existing property and asset
management platform throughout the Nordics and wider EMEA region.”
“With
a shared culture of service excellence together with the best
professionals in the property management industry, we have created an
industry leader in our country,” said Sirpa Ojala, now CEO of Colliers
International | Finland. “We currently manage a property portfolio of
more than ten million square meters and offer a wide range of
best-in-class property management and advisory services to blue-chip
clients. Our entire leadership team is excited to be joining Colliers
International and to take advantage of their additional resources,
unique entrepreneurial culture and ability to serve clients both locally
and globally.”
About Colliers International Group Inc.
Colliers International Group
Inc. (NASDAQ:CIGI) and (TSX:CIGI) is an industry leading global real
estate services company with 15,000 skilled professionals operating in
68 countries. With an enterprising culture and significant employee
ownership, Colliers professionals provide a full range of services to
real estate occupiers, owners and investors worldwide. Services include
strategic advice and execution for property sales, leasing and finance;
global corporate solutions; property, facility and project management;
workplace solutions; appraisal, valuation and tax consulting; customized
research; and thought leadership consulting.
Colliers
professionals think differently, share great ideas and offer thoughtful
and innovative advice that helps clients accelerate their success.
Colliers has been ranked among the top 100 global outsourcing firms by
the International Association of Outsourcing Professionals for 12
consecutive years, more than any other real estate services firm.
Colliers also has been ranked the top property manager in the world by
Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.
COMPANY CONTACT:
John B. Friedrichsen
Chief Financial Officer | Global
(416) 960-9500
Chris McLernon
Chief Executive Officer, EMEA
(44) 20 7487 7000
SOURCE : Colliers International Group Inc.
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