Colliers International Group Inc.
Colliers International expands Project Management in Australia
Acquisition strengthens services to property owners and developers
SYDNEY, Australia, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Leading global commercial real estate firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced the acquisition of NixAnderson, an Australian project management firm with extensive experience in corporate property and infrastructure delivery services. Since 1999, NixAnderson has been providing world class project management and planning services across Australia and New Zealand. These services include project management, program management, property acquisition services, workspace consulting, and feasibility studies, to a broad range of industry verticals, including social infrastructure, defence, healthcare, hospitality, retail, and commercial. NixAnderson has over 30 professionals with a combined industry experience of over 200 years. The acquisition more than doubles the number of Colliers project management professionals in the Australia and New Zealand business. The terms of the transaction were not disclosed.
"We are very excited to become part of Colliers International," said Derek Nix and Scott Anderson. "Combining our expertise in corporate property and infrastructure delivery services with the Colliers International platform, both in Australia and globally, enhances our ability to provide industry leading service to existing and new clients. Further, there is an extremely strong alignment with the entrepreneurial spirit that exists throughout Colliers. We are excited to join this world class, growing organization."
"The acquisition of NixAnderson builds on our reputation for delivering complex projects and positions Colliers International for even greater growth in the region," said John Kenny, Chief Executive Officer, Australia and New Zealand. "Our new and expanded project management capability is well positioned to capitalise on the unprecedented level of capital investment in Australia and New Zealand's commercial, residential and public infrastructure market segments."
"What attracted us to NixAnderson was the combination of their strong cultural fit with Colliers International and their proven track of providing excellent project management services," said Dylan Taylor, President & Chief Operating Officer. "By bringing in Derek and Scott and their team of industry-leading project management professionals, each of whom share the enterprising culture of Colliers, we are delivering on our promise to accelerate the success of our clients."
About Colliers International
Colliers International Group Inc. (NASDAQ:CIGI) (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.
Advisory Regarding Forward-Looking Information
Certain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar expressions suggesting future outcomes or events. Colliers believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand for Colliers' services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy, including Colliers' ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2016 under the heading "Risk Factors" (which factors are adopted herein and a copy of which can be obtained at www.sedar.com ). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
John B. Friedrichsen
Chief Financial Officer
Phone: (416) 960-9500
Chief Executive Officer | Australia & New Zealand
Phone: +61 2 9257 0212
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