TORONTO and SEATTLE—FirstService Corporation says that
its subsidiary, Colliers International, has acquired controlling
interests in Colliers Schauer & Scholl and Colliers Brautigam & Kramer
(collectively, "Colliers Germany"), market leaders in Munich, Stuttgart
and Berlin. Senior management of both operations will retain the
balance of the equity under Colliers' unique enterprise partnership
model. The acquisition of Colliers Germany further strengthens
Colliers' real estate services platform in Europe and complements the
recent acquisition of Colliers UK last year. The terms of the
transactions were not disclosed.

Colliers Germany provides investment sales, lease brokerage, property
management, corporate services, hotel consulting and valuation services to local, regional, national and international clients in key markets
of Munich, Stuttgart, Berlin and through Colliers affiliates in
Dusseldorf and Frankfurt. The German operations generated approximately
$60 million in revenue during 2012.

“Germany is one of the strongest and most established markets in Europe
representing an enormous opportunity,” said Chris McLernon, CEO of the
EMEA for Colliers International. “Having a market-leading position in
Germany is essential to our strategy and will allow us to accelerate
our growth throughout the region and reinforce our capacity to serve
clients locally and on a global basis.”

Achim Degen, who will continue as Managing Partner of Colliers Germany, added: “Integrating our business with Colliers International was a natural step and one that enables us to broaden our service offerings and further accelerate our growth in Europe and internationally.”

 Jay Hennick, founder & CEO of FirstService Corporation said:

“Our proven partnership model continues to be a key competitive
advantage as we strive to create value for our shareholders. Over the years,
we have grown by partnering with outstanding business leaders who have
a passion for their business and a desire to deliver exceptional
service to their clients. Our new partners at Colliers Germany are a
tremendous addition and I also welcome them into the growing
FirstService family.