Printer Friendly

FirstService adds Euro leader to its ranks.

FirstService Corporation has completed its purchase of a 29.99% interest in London-based Colliers CRE CRE Commercial Real Estate
CRE Corporate Real Estate
CRE Commission for Racial Equality (Scotland)
CRE CCD (Charge Coupled Device) and Readout Electronics
CRE Camp Response Element
 plc, a commercial real estate consultancy service practice group with operations in the United Kingdom, Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles.  and Spain.

The terms of the transaction were not disclosed.

The ownership stake in Colliers CRE establishes FirstService's commercial real estate services platform in Europe's preeminent pre·em·i·nent or pre-em·i·nent  
Superior to or notable above all others; outstanding. See Synonyms at dominant, noted.

[Middle English, from Latin prae
 financial center which will drive expansion of the company's portfolio of services in global markets Colliers CRE is a leading player in commercial real estate services in the UK and trusted advisor to many multinational companies based in London and throughout the UK.

FirstService Real Estate Advisors also leads the $1.8 billion "Colliers International" global partnership operating in 61 countries around the world.

FirstService Real Estate Advisors, including Colliers International, is the third largest commercial real estate services firm in the world.

"Becoming the largest shareholder of Colliers CRE was a key strategic move providing us with an important new hub in London while strengthening our ability to deliver the highest quality real estate advisory and transaction services to our multinational clients," said Doug Frye, chairman of Colliers International and president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of FirstService Real Estate.

"The investment in Colliers CRE further demonstrates our commitment to build competitive advantage in global markets during this time of opportunity," added Jay S. Hennick, founder and CEO of FirstService.
COPYRIGHT 2009 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Comment:FirstService adds Euro leader to its ranks.
Publication:Real Estate Weekly
Date:Nov 4, 2009
Previous Article:NKF's Phillie move.
Next Article:Standing ovation: JCJ finishes up DHK Theater renovation.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters