Announcement Press release

February 27, 2018

Sitting from left to right: Chris McLernon, CEO Colliers International EMEA and Mikel Echavarren, CEO Colliers International in Spain. Standing up: the rest of the Management Team.

irea merges with Colliers International, Creating Top Tier Player in Spain

Madrid, 27 February 2018 – IREA, financial and strategic advisory firm specialising in the real estate and hotel sectors, has merged with Colliers International Group.

Colliers International Group Inc. is a leading global real estate services provider, with an annual turnover of USD 2,700 million. The company is listed on the NASDAQ and the Toronto Stock Exchange, with offices in 69 countries and employs more than 15,000 professionals around the world. Merging its existing operations with Irea will allow Colliers International to further strengthen its presence in Spain, by creating a leading value-add advisory services group for the real estate and hotel sectors via a unique partnership which Mikel Echavarren, Partner and Founder of irea, will head up as CEO of Colliers International in Spain, along with the rest of the Management Team. Ignacio M. Iturriaga, Joan García and Álvaro Alonso will manage Corporate Finance; Neil Livingstone and Antonio Pan de Soraluce will head up Capital Markets, whilst Miguel Vázquez and Laura Hernando will be responsible for specialist Hotel services.

Colliers International in Spain will now comprise a team of more than 100 professionals with offices in Madrid and Barcelona, providing financial and strategic advisory services and advisory in capital markets, consultancy and valuations, workplace solutions and project management.

The real estate and hotels market significant growth over the past few years and having the opportunity to augment our business with the highly regarded group of professionals from IREA takes us to the next level,” said Chris McLernon, Colliers International CEO | EMEA. “The combination of capabilities and professionals puts Colliers in an enviable position in Spain and we look forward to working with our partners to accelerate the success of our clients, wherever they choose to do business,” he concluded.

The partnership with Colliers is the next evolution of our business given our shared culture and commitment to excellence” said Mikel Echavarren, CEO of Colliers International Spain. “Although our firm enjoyed tremendous success over the years, aligning with a global brand with an international platform second to none, will enable our professionals to better serve our clients. We are extremely excited about the opportunities ahead and look forward to continuing to provide best in class real estate services to our clients seamlessly, anywhere in the world.”.

 

About Colliers International Spain

Colliers International Spain offers financial and strategic advisory services in the real estate and hotel sectors, capital markets, consultancy and valuations, workplace solutions and project management. It has offices in Madrid and Barcelona and employs more than 100 professionals.

It forms parts of Colliers International Group Inc., a leading global real estate services provider, operating in 60 countries and employing more than 15,000 professionals around the world. In 2017, Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) recorded a turnover of USD 2,700 million, including affiliates.

Press contact:


Alejandra Folgado

Marketing & Communications Director

T: +34 91 579 84 00
alejandra.folgado@colliers.com