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Colliers International Group Inc. Subordinate Voting Shares

TSX Exchange | Oct 15, 2019, 1:05 PM EDT | Real-time price

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Colliers International Acquires Affiliate in Sweden

Adding another company-owned operation to the Nordic Region strengthens platform in Europe

TORONTO and LONDON, April 25, 2019 (GLOBE NEWSWIRE) -- Leading global commercial real estate services and investment management firm, Colliers International Group Inc. (NASDAQ and TSX: CIGI), announced today that it has acquired Colliers International Sweden (“Colliers Sweden”), adding another company-owned operation in the key Nordics market to further strengthen our strong European platform. Colliers Sweden operates from offices in Stockholm and Göteborg and provides capital markets, leasing, corporate solutions and real estate management services to local, national and international clients.

“Sweden is a major market in Europe representing an attractive growth opportunity for Colliers. We have had a successful affiliate relationship for many years and now we will dedicate our efforts to realizing Sweden’s potential in the years ahead,” said Chris McLernon, Colliers International CEO | EMEA. “We continue to deliver on our goal of elevating our global platform while remaining the most enterprising company in the industry, with a culture that enables our people to maximize every opportunity and accelerate success.”

“The senior leadership team in Sweden is passionate about the future growth of our business and is committed to providing best in class service to our growing client base,” said Dan Törnsten, CEO, Colliers Sweden. “As a company owned operation, we look forward to integrating into the Colliers global platform and leveraging its size, established infrastructure and industry leadership to accelerate our growth, market share, and client service capabilities, taking our business to the next level in a leadership position consistent with Colliers strategy.”

About Colliers International

Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company.  With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.        

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

EMEA CONTACT:
Chris McLernon
CEO, Colliers International│EMEA
44 20 7487 1651

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