HONG KONG, CHINA--(Marketwired - July 28, 2015) - Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIG), a leading global real estate service provider and Mate Plus, one of Korea's largest property managers, announced a partnership agreement that will greatly expand collaboration between the two organisations.
The new arrangement will see two market leaders joining forces and operating under the brand name of Colliers International. This strategic integration will enable the company to enhance the range and depth of its service offerings to better serve our Korean clients in such areas as Investment and Retail Services. Under the new arrangement, the Colliers team in Korea will comprise 40-50 professionals backed by substantially more resources and expertise.
"We have already established a strong team in Korea. The strategic partnership with Mate Plus is a milestone in the development and expansion of our Asia business in what we regard as a key market with huge development potential. As a group, we will benefit from more listings to attract inbound investment and will be able to leverage upon Mate Plus' established client network, especially its relationships with many large conglomerates. The new set-up also offers opportunities to tap into many new Korean outbound capital sources," Alan Liu, Managing Director, North Asia of Colliers International said.
Mate Plus is a rapidly growing operation that has established itself as a major player in all property fields, providing a comprehensive set of real estate services from sales and leasing transactions, property and facilities management, to consulting, strategic planning, investment management, business administration, and tenant representation, all founded on a solid physical due diligence practice. The company is Korea's leading property manager, responsible for more than three million square metres across the country, a level that has more than doubled in the last four years. Last year, Mate Plus represented tenants in 60 new leasing contracts with total area in excess of 100,000 square metres.
Mr. Byonggon Choi, President of Mate Plus commented, "We are very pleased to form a strategic partnership with Colliers. By combining our expertise in property management with Colliers' global footprint, we will be uniquely positioned to provide superior service to our clients."
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals' Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @ColliersIntl and LinkedIn. To see the latest news on Colliers International in Asia and Hong Kong, follow https://twitter.com/ColliersAsia, https://twitter.com/ColliersHK,https://www.linkedin.com/company/colliers-international-hong-kong, http://www.youtube.com/ColliersIntlAsia andhttps://www.youtube.com/ColliersHongKong.
About Mate Plus
Mate Plus is a full-service real estate provider in Korea and has the longest experience nationwide with more than 150 professionals. Mate Plus provides the highest standards of quality and integrity for its services on market insight and foresight, research and relevant market knowledge. Services include asset management, lease management, investment management, environmental/energy management, project management, retail, consulting/research and hotel/resort. Mate Plus' professionals listen to clients and understand their business needs to develop quality service, collaboration and trust.
further information, please contact:
Media Relations Manager
Marketing & Communications, Colliers International
Phone: +852 2822 0547
Business Administration Director
Phone: +82 2 3775 7210
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