David Bowden, CEO of Colliers International in Canada
MONTREAL—Colliers International Group Inc. has acquired Landmark Properties, a locally-based asset advisory services and real estate management firm.
The deal expands Colliers International's existing operations in Quebec by adding Landmark and its team of 30 real estate professionals. The firm, founded in 1986, provides real estate asset advisory services including asset management, property management, leasing and lease administration, and project management services to local, regional, and national clients. Terms of the transaction were not disclosed.
“By joining Colliers and leveraging the size, capital, and established infrastructure of its Canadian and global platforms, we are better positioned than ever to serve the increasingly complex needs of our property investor clients,” says Luc Sicotte, président, Chef de la direction of Landmark Properties. “Our core values and entrepreneurial spirit are fully aligned with the unique enterprising culture at Colliers and we look forward to better serving our clients and helping our professionals leverage the other benefits of this world-class organization.”
The acquisition also aligns with Colliers' national asset advisory services and real estate management business that provides specialized real estate asset management locally and nationally for institutional-quality real estate owners including risk management, sustainability plans, property management and specialized professional staffing to support complex, multi-market listings.
“Quebec is an important and growing market in Canada and home to several of Canada's largest institutional real estate investors,” said David Bowden, CEO of Colliers International in Canada. “The acquisition of Landmark builds upon our recent acquisition in Winnipeg, highlighting our continued investment in high-quality, enterprising professionals across Canada. Our recent efforts have also increased the connectivity and breadth of services to our investor and occupier clients nationwide.”
In April of this year, Colliers International Group Inc. acquired Colliers International Winnipeg that expanded the brokerage firm's operations in Western Canada.
“Landmark professionals have deep local market knowledge in Quebec and by augmenting our existing operations we now offer a complete asset advisory services and real estate management solution across Canada,” said John Duda, EVP of real estate management services for Colliers International in Canada.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
