Seattle, WA, January 11, 2010 –
Following the announcement that Colliers International and FirstService Real Estate Advisors are combining their operations and global real estate services platform, Colliers Puget Sound announced today that it is committed to the integrated platform and will retain the Colliers International brand.
In addition to current service offerings, the centrally owned and operated Colliers International offers clients a wider range of services together with higher levels of accountability through:
• Strong Global Corporate Solutions and Institutional Asset and Property Management practices;
• Leadership positions in Property Valuation, Hotel & Hospitality Consulting and Project Management;
• The financial strength and proven track record of publically traded parent, FirstService Corporation (NASDAQ: FSRV; TSX: FSV);
• The global support of 15,000 professionals, in 480 offices in 61 countries; and
• Recognition as one of the top three global players in commercial real estate with 2009 combined revenues of $1.9 billion.
Colliers International has many distinct competitive advantages compared to other global service providers. Among others, our successful partnership model enables key local executives to retain significant equity in the businesses they operate day-to-day creating more alignment and accountability while ensuring clients receive the highest level of service and consistent delivery over the long-term.
“This is truly an exciting time in the history of our company and another step forward in providing our clients with world class real estate services throughout the United States and around the world,” said Doug Frye, President/CEO of Colliers International, headquartered in Seattle.
“We fundamentally believe the partnership model provides the best framework for our company and clients over the long term and allows our professionals to provide clients with a higher standard of service excellence,” Peter Truex, Senior Managing Director, Puget Sound, added.
About Colliers International
Colliers International is a leading global real estate services company that provides a full range of services to real estate users, owners and investors worldwide. Colliers operates in 61 countries. Services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research.
About FirstService Real Estate Advisors
FirstService Real Estate Advisors (“FirstService REA”), an autonomous subsidiary of publically traded FirstService Corporation (NASDAQ: FSRV; TSX: FSV), is the emerging leader in the global professional services industry. As the fastest growing and third largest commercial real estate services firm in the world, FirstService REA has strategically integrated industry leading service providers in key areas of specialization to deliver consistent and measureable results for occupiers, developers and investors in real estate. FirstService REA operates in 41 countries around the world. In North America, FirstService REA provides services through the leading real estate brands; FirstService REA, Colliers International, FirstService Williams, FirstService PGP Property Valuation, PKF Hotel and Hospitality Consulting and MHPM Project Leaders.
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