TORONTO and LONDON, May 09, 2022 (GLOBE NEWSWIRE) — Leading diversified skilled companies and funding management firm, Colliers CIGI, introduced at present it has acquired a majority curiosity in Paragon Building Consultancy Holdings Limited (“Paragon”), one in every of the UK’s prime impartial building consultancy and project management corporations. Paragon can be mixed with Colliers’ current project management enterprise bringing scale and further capabilities in the UK and Europe. Paragon’s senior management crew will lead the mixed operations and retain vital fairness going ahead beneath Colliers’ distinctive partnership mannequin. Financial phrases weren’t disclosed.
Founded in London in 2009, Paragon’s 150 professionals from the agency’s six UK workplaces present building surveying, project management, environmental assessments, and vitality & sustainability consulting to homeowners, traders, and customers of actual property.
“Our new partnership with Paragon strengthens our capabilities within the UK and extends our reach into Europe allowing us to better serve our clients’ needs,” mentioned Tony Horrell, Chief Executive Officer of Colliers | UK and Ireland. “Paragon’s reputation in the industry is second to none, and this acquisition represents Colliers’ continued commitment to providing best-in-class services to maximize the potential of our clients’ assets and properties.”
“Our partnership with Colliers is the next step in our firm’s evolution especially given our shared culture and commitment to service excellence,” mentioned Paragon co-founding accomplice John Munday, who will tackle the position of Co-Head of the mixed enterprise. “This transaction marks a significant milestone for Paragon and will help propel our growth in the coming years.”
“Colliers’ well-known global brand and platform, and strong client relationships both locally and internationally, unlock many new opportunities for us,” mentioned Paragon co-founding accomplice Robert Perry, who will be a part of John Munday as Co-Head of the mixed enterprise. “Colliers has a strong entrepreneurial culture, together with the scale, financial resources, and industry leadership we were looking for in a partner. Leveraging all that Colliers has to offer will be of great advantage to our company, its professionals, and partners in the years to come. We could not be more excited about our prospects for the future.”
About Colliers
Colliers ((NASDAQ, TSX:CIGI) is a number one diversified skilled companies and funding management firm. With operations in 62 nations, our 17,000 enterprising professionals work collaboratively to supply skilled actual property and funding recommendation to purchasers. For greater than 27 years, our skilled management with vital inside possession has delivered compound annual funding returns of 20% for shareholders. With annual revenues of $4.3 billion and $57 billion of belongings beneath management, Colliers maximizes the potential of property and actual belongings to speed up the success of our purchasers, our traders and our individuals. Learn extra at company.colliers.com, Twitter @Colliers or LinkedIn.
Company Contacts:
Christian Mayer
Chief Financial Officer
(416) 960-9500
Tony Horrell
CEO | UK and Ireland
+44 20 7935 4499
Colliers adds building consultancy and project management leader in the United Kingdom & More Latest News Update
Colliers adds building consultancy and project management leader in the United Kingdom & More Live News
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