Acquisition strengthens service offerings to domestic and foreign clients
19 MARCH 2018 — SHANGHAI, CHINA —Colliers International Group Inc., a global leader in commercial real estate services, today announced that it has acquired SIP Group (“SIP”), one of China’s leading construction project management consultancies and integrated its operations with Colliers’ existing business in the region.
Colliers International Project Management provides a variety of services to both domestic and offshore clients in China, including design consulting, construction management and consultancy services, post-construction and decommissioning consulting, as well as tender management and due diligence services on behalf of real estate owners and occupiers. The combined business now operates with more than 110 project managers. Terms of the transaction were not disclosed.
Colliers’ Project Management team in China will be strengthened by SIP’s proven leaders, including Managing Director Oliver Li and Founder Geoff Mills, who is China Representative of the UK Institution of Civil Engineers, both of whom have 25 years’ tenure at SIP. The team will work in collaboration with Head of Project Management in Asia Saacketh Chawla, and Co-Head of China Tammy Tang, in delivering integrated services for developer, occupier and investor clients across all sectors.
“We are delighted to have the experienced professionals from SIP join our growing project management platform in China,” said David Hand, Chief Executive Officer | Asia Pacific. “The combination of Colliers’ client-focused professionals and SIP’s project execution excellence provides our domestic Chinese and foreign clients with outstanding capabilities across all project types, specialities, and industries, throughout China and beyond.”
“We are very excited to be part of Colliers International at this important time in our firms’ history,” said SIP Founder and Managing Director Geoffrey Mills. “Our track record of completing complex projects for large blue-chip international firms looking to do business in China, combined with Colliers’ leading global platform and market-leading real estate services business in China, will enable us to offer existing and new clients expanded, world-class project management and consultancy services.”
Tammy Tang, Co-Head | China at Colliers International, commented: “The strategic acquisition of SIP Group stems from the synergy we see in our two organisations and the enhanced value and service we can deliver to our clients. This acquisition builds on our reputation for and success in delivering complex projects and positions Colliers International for accelerated growth in China.”
We are thrilled to become part of Colliers International,” said Oliver Li, Managing Director at SIP Group. “The entrepreneurial spirit at SIP is well aligned with Colliers’ enterprising culture and we look forward to the integrated team delivering tailored, end-to-end solutions for both domestic and international clients.”
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About Colliers International
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world’s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, 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 help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers has also been ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
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