FRANKFURT and DUSSELDORF, GERMANY-FirstService Corp. subsidiary Colliers International has acquired controlling interests in Colliers Schon and Lopez Schmitt GmbH ("Colliers Frankfurt") and Trombello Kolbel Immobilienconsulting GmbH ("Colliers Dusseldorf"), market leaders in Frankfurt and Dusseldorf. In a separate acquisition, Colliers has also taken a controlling interest in Urban Properties International Real Estate Management B.V., a leading asset and property management firm in the Netherlands. The terms of the transactions were not disclosed.

“Completing the consolidation of all Colliers International operations in Germany was an important part of our strategy for Western Europe," says Chris McLernon, CEO of the EMEA for Colliers.

"Having market leaders in Munich, Stuttgart, Berlin, Frankfurt and Dusseldorf allows us to accelerate our growth locally by having one strong national business in Germany and reinforces our ability to serve clients on a global basis." McLernon adds. "At the same time, we have strengthened our operations in the Netherlands with the addition of a highly regarded asset and property manager."

"Our proven partnership model is a significant competitive advantage as we continue to create value for our shareholders," said Jay S. Hennick, founder & CEO of FirstService Corp. "Over the years we have grown by partnering with outstanding business leaders who have a passion for their business and strive to provide enterprising solutions to their clients. We welcome all of our new partners into the growing FirstService family," he concludes.