Colliers International Group Expands in Japan
Commencement of Company Owned Operations to Strengthen Asia Business
TORONTO, Sept. 05, 2017 (GLOBE NEWSWIRE) — Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) announced today that it has commenced company-owned operations in Japan, the world’s third largest economy, to accelerate growth and leverage its existing brand presence. This strategic move strengthens Colliers International’s operations in Asia and provides a strong platform for future growth in Japan. Colliers International Japan (“Colliers Japan”) will be based in Tokyo.
Colliers Japan fields multiple teams with specializations in Tenant Representation, Corporate Solutions, Project Management, Capital Markets & Investment Services and Valuation & Advisory Services to serve the needs of local, regional and global clients.
Managing Director Katsuji Tokita and Executive Director Hazumu Iwase, who together have more than five decades of commercial real estate experience, will lead Colliers Japan.
“Japan is a strong, highly-advanced, and growing market that represents an attractive growth opportunity for our business,” said David Hand, Colliers Chief Executive Officer, Asia Pacific. “With decades of experience, Katsuji and Hazumu will provide an unparalleled level of market knowledge to support our clients’ objectives and position Colliers for continued growth in Asia Pacific.”
“We have each been part of the Colliers organization for more than two decades and share its commitment to service excellence,” said Katsuji Tokita, Managing Director of Colliers Japan. “With a well-respected global platform and greater integration of our operations in Japan, we will create substantially more opportunities for our clients and our people. We are all very excited about this development and our future within Colliers International.”
“Our company is the global firm of choice because our experts have a passion for business and a real focus on creating value for our clients,” said Jay S. Hennick, Chairman & CEO of Colliers International. “This addition is an important step toward achieving our ambitious five-year plan to double the size of our company by 2020.”
About Colliers International
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that helps clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers also has been ranked the top property manager in the world by Commercial Property Executive for two years in a row.
Advisory Regarding Forward-Looking Information
Certain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Colliers believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.
Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with: (i) general economic and business conditions, which will, among other things, impact demand for Colliers’ services and the cost of providing services; (ii) the ability of Colliers to implement its business strategy, including Colliers’ ability to identify and acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) such factors as are identified in the Annual Information Form of Colliers for the year ended December 31, 2016 under the heading “Risk Factors” (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
COLLIERS CONTACTS: John Friedrichsen Chief Financial Officer | Global (416) 960-9500 David Hand Chief Executive Officer | Asia Pacific +852 2822 0691