Colliers International has collaborated with FirstService Real Estate Advisors to establish the world’s third largest commercial property services firm.
Colliers International and FirstService Real Estate Advisors (“FirstService REA”) announced that they will integrate their global property services platforms and operations. Functioning as Colliers International, the combined entity will operate in 61 countries around the world. FirstService Real Estate Advisors is an independent subsidiary of FirstService Corporation.
With this collaboration, Colliers International now ranks as the world’s third largest property services firm. The company, which has turned into a more centrally-owned and operated firm from a network of affiliates, will deliver highly specialized first-rate real estate services and operate with greater consistency in markets around the world.
“Colliers International has many distinct competitive advantages when compared to other global service providers,” said Douglas P. Frye, chairman and CEO of Colliers International. “Our successful partnership model enables key executives to retain significant equity in the businesses they operate day-to-day creating more alignment and accountability; ensuring clients receive the highest level of service and consistent delivery over the long-term.”
FirstService REA has ventured into one of the most aggressive global expansions in commercial property’s history, principally executed during a time when competitors were scaling back as a result of the global economic recession. Apart from its expansion in the US, the firm has recently acquired significant equity interests in the operations of Colliers International in the United Kingdom, Russia, Spain, Ireland, and several other countries in Europe and the Asia Pacific region.