Acquisition of the specialist project management and cost consultancy firm strengthens Colliers' project management capabilities across the region
Dubai, UAE May 17 2015 - Colliers International, a global leader in real estate advisory, announced today that it had acquired Flanagan Arabia, a specialist project management, quantity surveying, space planning, workplace and cost consultancy. Flanagan Arabia will immediately be rebranded as Colliers International, with Bob Flanagan, Founder and Managing Director of Flanagan Arabia, continuing to lead operations as Director, Head of Project Management and Cost Consultancy for Colliers International in the MENA region.
Founded in 2008, Flanagan Arabia services government entities, developers and financial institutions across the UAE, Saudi Arabia, Egypt and Qatar.
"Since we launched our operations in Abu Dhabi in 1996, Colliers International has continued to demonstrate its commitment to the market through the expansion of our services, offices and workforce of dedicated professionals," said John D. Davis, Chief Executive Officer of Colliers International in the Middle East and North Africa. "The acquisition of Flanagan Arabia deepens our capabilities in key disciplines and will support future regional growth by offering our clients additional market leading services, all under the Colliers International brand," concluded Davis.
Commenting on the acquisition, Bob Flanagan said: "Becoming part of Colliers' global network is a natural next step in the development of the business. The team are excited to be joining one of the world's leading real estate consultancies, adding our expertise and experience to Colliers strong offering in the region. Both firms are an excellent fit in terms of culture and commitment to industry best practice, and the acquisition will support our expansion plans while delivering significant benefits for all our clients."
Following the agreement, the firm intends to expand its headcount in its regional headquarters in Dubai, as well as across its regional offices which service over sixteen countries in the MENA region.
CONTACTS
Asia Hildebrand, Marketing & Communications Manager, +971 55 763 3737 or asia.hildebrand@colliers.com
ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 16,300 professionals operating out of more than 502 offices in 67 countries. A wholly owned subsidiary of The National Investor, one of Abu Dhabi's leading investment management and advisory firms, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, project management, consulting and appraisal services and insightful research. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals' Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.
© Press Release 2015
