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Deals & Dealmakers

Colliers makes move into Euro zone with purchase of Brit firm

FirstService Corporation announced that its subsidiary, Colliers International has acquired Briant Champion Long, one of the United Kingdom’s leading independent retail property specialists.

BCL will be integrated into the operations of Colliers UK and be led by managing partner, Mark Phillipson.

Building on the acquisition of the UK operations of Colliers International in 2012, the transaction strengthens Colliers’ presence in London, one of the world’s leading retail property markets, and expands its reach into Europe and around the world.

Terms of the transaction were not disclosed.

Founded in 1987, BCL employs more than 30 professionals and provides agency, investment and professional advice to a range of retail clients, landlords and investors.

The firm is currently engaged in leasing more than four million square feet of retail space in the UK and generated a $9 million in revenue during 2013.

“BCL complements our existing retail business and is consistent with our aggressive growth strategy for the UK,” said Tony Horrell, CEO of Colliers UK and Ireland.

“Combining our capabilities in this area establishes us as one of the top players in the retail agency, investment and advisory sectors in the UK, and leverages our global platform providing retail property specialty services across major markets in Europe and internationally.”

“The addition of BCL and its strong group of professionals strengthens our capabilities in the UK and is another step forward in our strategy to grow and consolidate the commercial real estate industry in Europe and globally,” said Chris McLernon, CEO of Colliers International, EMEA.

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