SYDNEY, Australia, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Leading global commercial real estate firm Colliers
International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) today announced the acquisition of NixAnderson, an Australian project management
firm with extensive experience in corporate property and infrastructure delivery services. Since 1999, NixAnderson has been
providing world class project management and planning services across Australia and New Zealand. These services include project
management, program management, property acquisition services, workspace consulting, and feasibility studies, to a broad range of
industry verticals, including social infrastructure, defence, healthcare, hospitality, retail, and commercial. NixAnderson has over
30 professionals with a combined industry experience of over 200 years. The acquisition more than doubles the number of Colliers
project management professionals in the Australia and New Zealand business. The terms of the transaction were not
disclosed.
“We are very excited to become part of Colliers International,” said Derek Nix and Scott Anderson. “Combining
our expertise in corporate property and infrastructure delivery services with the Colliers International platform, both in
Australia and globally, enhances our ability to provide industry leading service to existing and new clients. Further, there is an
extremely strong alignment with the entrepreneurial spirit that exists throughout Colliers. We are excited to join this world
class, growing organization.”
“The acquisition of NixAnderson builds on our reputation for delivering complex projects and positions Colliers
International for even greater growth in the region,” said John Kenny, Chief Executive Officer, Australia and New Zealand. “Our new
and expanded project management capability is well positioned to capitalise on the unprecedented level of capital investment in
Australia and New Zealand’s commercial, residential and public infrastructure market segments.”
“What attracted us to NixAnderson was the combination of their strong cultural fit with Colliers International
and their proven track of providing excellent project management services,” said Dylan Taylor, President & Chief Operating Officer.
“By bringing in Derek and Scott and their team of industry-leading project management professionals, each of whom share the
enterprising culture of Colliers, we are delivering on our promise to accelerate the success of our clients.”
About Colliers International
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry leading
global real estate services company with 15,000 skilled professionals operating in 68 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
helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International
Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has
been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn.
Advisory Regarding Forward-Looking Information
Certain information included in this news release is forward-looking, within the meaning of applicable
securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”,
“projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Colliers believes
the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and
uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are
not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand
for Colliers’ services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy,
including Colliers’ ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate
newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and
(iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2016 under the
heading “Risk Factors” (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the
date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary
statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise.
Company Contact: John B. Friedrichsen Chief Financial Officer Phone: (416) 960-9500 John Kenny Chief Executive Officer | Australia & New Zealand Phone: +61 2 9257 0212
