- Colliers (CIGI) adds building consultancy and project management leader in the United Kingdom
- Paragon’s senior management team will lead the combined operations and retain significant equity going forward under Colliers’ unique partnership model
- Financial terms were not disclosed
- The CEO of Collier mentioned that the partnership would strengthen its capabilities within the UK
- Colliers is a leading diversified professional service and investment management company
- Colliers (CIGI) is down 1.62 per cent, trading at C$138.90 at 1:25 pm ET
Colliers (CIGI) has acquired a majority interest in Paragon Building Consultancy Holdings Limited.
Paragon will be combined with Colliers’ existing project management business bringing scale and additional capabilities in the UK and Europe.
Paragon’s senior management team will lead the combined operations and retain significant equity going forward under Colliers’ unique partnership model. Financial terms were not disclosed.
Founded in London in 2009, Paragon’s 150 professionals from the firm’s six UK offices provide building surveying, project management, environmental assessments, and energy & sustainability consulting to owners, investors, and real estate users.
“Our new partnership with Paragon strengthens our capabilities within the UK and extends our reach into Europe, allowing us to serve our clients’ needs better,” said Tony Horrell, Chief Executive Officer of Colliers | UK and Ireland.
“Paragon’s reputation in the industry is second to none, and this acquisition represents Colliers’ continued commitment to providing best-in-class services to maximize the potential of our client’s assets and properties,” added Horrell.
“Our partnership with Colliers is the next step in our firm’s evolution especially given our shared culture and commitment to service excellence,” said Paragon co-founding partner John Munday, who will take on the role of Co-Head of the combined business.
“Colliers’ well-known global brand and platform and strong client relationships both locally and internationally unlock many new opportunities for us,” said Paragon co-founding partner Robert Perry, who will join John Munday as Co-Head of the combined business.
“Leveraging all that Colliers has to offer will be of great advantage to our company, its professionals, and partners in the years to come. We could not be more excited about our prospects for the future,” concluded Perry.
Colliers is a leading diversified professional service and investment management company.
With operations in 62 countries, the company has 17,000 enterprising professionals who work collaboratively to provide expert real estate and investment advice to clients.
Colliers (CIGI) is down 1.62 per cent, trading at C$138.90 at 1:25 pm ET.
