Colliers International announces acquisition of affiliate

Colliers announced the acquisition of its affiliate, Colliers Philadelphia. Now as a company-owned operation, Colliers Philadelphia will continue to build on its market leadership by leveraging the full resources of Colliers’ enterprising and fast-growing platform and increasing its service capabilities. “Our acquisition of Colliers Philadelphia is consistent with our strategy of acquiring and growing significant affiliate operations that have become top players in their respective markets,” said Gil Borok, President and Chief Executive Officer Colliers U.S. & LATAM. “Philadelphia is the eighth largest metropolitan area in the U.S. and home to many Fortune 1000 companies. As a vibrant and influential market, our ownership will allow us to better service the requirements of our clients locally, nationally, and internationally.”