Colliers Southeast Europe ('Colliers SEE') has today announced that Colliers Macaulay Nicolls ('Colliers CMN') which operates globally as Colliers International is to provide important investment. Colliers CMN has agreed to support the growth of Colliers Southeast Europe as well as provide specialized software platforms, marketing and world-class professional training programs.

"The entire senior management team at Colliers SEE is excited about our new partnership with Colliers CMN. Their robust global platform, rapidly growing Central and Eastern European operations and exceptional operating systems will help us maintain our leadership position in our markets," said Philip Bay, Regional Director of Colliers SEE.

"This investment in Colliers SEE is an important move for us and is very complementary to our existing operations in Poland, Czech Republic, Romania, Hungary and Slovakia," said Doug Frye, Chief Executive Officer of Colliers CMN and Chairman of Colliers International globally. "We intend to work very closely with the partners of Colliers SEE to implement enhanced operating systems and share best practices to better serve our clients in this important and growing region."

Colliers SEE was recently named Property Consultant of the Year for the region for the second straight year. The clear market leader in the region, it employs 130 people in Greece, Bulgaria, Croatia, Serbia and Montenegro.

Colliers CMN is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide, including brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. With annualized revenues in reaching almost $700 million, and 126 offices in 27 countries worldwide, Colliers CMN is the largest member of the Colliers International Property Consultants global network, one of the top three commercial real estate service organizations in the world.


NOTE FOR EDITORS:

Colliers International is a worldwide affiliation of independently owned and operated companies.