As a result of this merger, a business platform will be created that will be based on the unique operating and partnership model of FirstService REA in the real estate industry. The platform will operate under the name Colliers International in 61 countries around the world. FirstService REA has carried out one of the most aggressive global expansions in the history of commercial real estate, and a significant part of these activities was carried out during the crisis, which forced many competing companies to reduce their scale of operations. The expansion began in 2004, when the parent company FirstService invested in FirstService REA, the largest member of the Colliers International network. Currently, Colliers International employs over 15,000 people in 480 offices located in 61 countries and generates USD 1.9 billion in annual revenue.
– Today, Colliers International becomes the third largest commercial real estate consulting firm in the world – says Hadley Dean, Managing Partner of Colliers International for Central and Eastern Europe – This is a breakthrough moment in the history of our company and another step forward in providing our clients with top-class, tailor-made services available in 61 countries around the world. From today, Colliers International, a well-known global brand, centrally managed but based on a strong local partnership model, is a completely new quality in the real estate industry, offering an unprecedented level of service.