Colliers International Acquires Market Leader in Winnipeg

Globe Newswire 17-Apr-2018 4:00 PM

TORONTO and WINNIPEG, Manitoba, April 17, 2018 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (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."

About Colliers International Group Inc.

Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world's most important markets. Colliers is the fastest-growing publicly listed global real estate services 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. 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 help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one 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.

COLLIERS CONTACTS:

John B. Friedrichsen
Chief Financial Officer
(416) 960-9500

David Bowden
Chief Executive Officer | Canada
(604) 662-2643

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