Colliers International Group announced that it has acquired IDB Management, an asset and property management firm in
Belgium.
As part of the transaction, IDB will be rebranded as Colliers International and the principals will lead its asset and property management segment going forward. The terms of the transaction were not disclosed.
Earlier this year, Colliers o split from parent FirstService Corp., Canada’s largest real estate services provider, to focus on acquisitions and expanding in the commercial-property market.
Chris McLernon, CEO of the EMEA for Colliers International said Belgium was an important market in Europe. “Strengthening our capability and service offerings, particularly in the area of asset and property management, is essential to our strategy of delivering customized asset and property management services seamlessly to clients throughout Europe and the rest of the world,” he concluded.
