TORONTO, May 09, 2018 (GLOBE NEWSWIRE) -- Leading global commercial real estate services firm Colliers
International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) announced today the acquisition of Colliers International Pittsburgh (“Colliers
Pittsburgh”). Colliers Pittsburgh has been a long-time affiliate of Colliers and as a company-owned operation it will have the
opportunity to expand its services further in one of America’s most exciting examples of successful urban
gentrification.
“The Pittsburgh area is undergoing a tremendous resurgence. With an attractive cost of living, leading
educational institutions and highly skilled workforce, the city is quickly becoming a major hub for businesses of the future,” said
Marty Pupil, Colliers International President | U.S. Brokerage. “The professionals at Colliers Pittsburgh enjoy a strong reputation
in the local market with opportunities to accelerate their growth with the depth and resources of the corporate parent. All of us
at Colliers look forward to working more closely with all of the professionals at Colliers Pittsburgh in the years to come.”
“We have been affiliated with Colliers International for many years, so this is a natural next step for us which
will enable us to expand our service offerings and further drive our growth,” said Gregg Broujos, Managing Director and Founding
Principal of Colliers Pittsburgh. “By integrating into the Colliers global platform and leveraging its size, capital,
established infrastructure and industry leadership, we look forward to taking our business to the next level.”
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) is an industry-leading real
estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals
serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services
company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and
significant employee ownership and control, 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 global outsourcing firms by the International
Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers has also
been ranked the number one 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.
COMPANY CONTACT:
John B. Friedrichsen
Chief Financial Officer
(416) 960-9500
Marty Pupil
President | U.S. Brokerage
(949) 724-5513
