TORONTO, May 04, 2016 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers
International Group Inc. (NASDAQ:CIGI) (TSX:CIG) announced today the acquisition of Colliers International Northeast Florida
(“Colliers NE Florida”). From their offices in Jacksonville, the 45 professionals of Colliers NE Florida provide a full range of
services including sales, leasing brokerage, capital markets, valuation and advisory and property management to local, regional,
national and international clients. Terms of the transaction were not disclosed.
“Following on our acquisition of Colliers Central Florida earlier this year, the acquisition of Colliers NE
Florida completes the consolidation of our operations in this important market. We now have ten company owned offices in Florida
and the ability to provide seamless service throughout the state,” said Joseph Harbert, Colliers International President | Eastern
Region. “We are excited about having one fully integrated platform in Florida allowing us to provide the best service offering to
our clients,” he concluded.
“We have been a proud member of Colliers International for many years, so for us becoming part of the global
entity was the natural next step,” said Robert Selton, CEO of Colliers NE Florida. “By fully integrating our operations we are now
able to leverage the size, capital and established infrastructure of the Colliers International 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,” he
concluded.
“This addition is the latest in a series of strategic acquisitions that we have completed in the U.S. over the
past two years. We continue to strengthen our best in class service platform and reinforce the Colliers International brand as the
global firm of choice for organizations and professionals who seek to align with a company differentiated by an enterprising
culture,” said Dylan Taylor President & COO Colliers International.
About Colliers International
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIG) is an industry leading global real
estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and
significant employee ownership, 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 outsourcing firms by the International Association of
Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.
Advisory Regarding Forward-Looking Information
Information in this press release that is not a historical fact is "forward-looking information". Words such as
"plans", "intends", "outlook", "expects", "anticipates", "estimates", "believes", "likely", "should", "could", "will", "may" and
similar expressions are intended to identify statements containing forward-looking information. Forward-looking information in this
press release is based on current objectives, strategies, expectations and assumptions which management considers appropriate and
reasonable at the time. The forward-looking information in this press release includes, but is not limited to, statements with
respect to the expected future attributes of Colliers.
By its nature, forward-looking information is subject to risks and uncertainties which may be beyond the ability
of Colliers to control or predict. The actual results, performance or achievements of Colliers could differ materially from those
expressed or implied by forward-looking information. Factors that could cause actual results, performance, achievements or events
to differ from current expectations include, among others, risks and uncertainties related to: the operations and financial
condition of Colliers as a separately traded public company; business cycles, including general economic conditions in the
countries in which Colliers operates, which will, among other things, impact demand for services and the cost of providing
services; the ability of Colliers to implement its business strategy, including its ability to acquire suitable acquisition
candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; changes in or the
failure to comply with government regulations; changes in foreign exchange rates; increased competition; credit of third parties;
changes in interest rates; and the availability of financing. Additional information on certain of these factors and other risks
and uncertainties that could cause actual results or events to differ from current expectations can be found in Old FirstService's
Annual Information Form for the year ended December 31, 2014 under the heading "Risk Factors" (which factors are adopted herein and
a copy of which can be obtained at www.sedar.com). Certain risks and uncertainties specific to the arrangement transaction,
Colliers and New FirstService are further described in the Management Information Circular of Old FirstService dated March 16,
2015. Other factors, risks and uncertainties not presently known to Colliers or that Colliers currently believes are not material
could also cause actual results or events to differ materially from those expressed or implied by statements containing
forward-looking information.
Readers are cautioned not to place undue reliance on statements containing forward-looking information that are
included in this press release, which are made as of the date of this press release, and not to use such information for anything
other than their intended purpose. Colliers disclaims any obligation or intention to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as required by applicable
law.
COMPANY CONTACT: John B. Friedrichsen Chief Financial Officer Phone: (416) 960-9500 MEDIA CONTACT: Margaret Meluzio Havas PR Phone: (646) 510-6578
