Addition further strengthens investment and office agency practice in City of London
London, 7 January, 2016 – Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG), a global leader in commercial real estate services, today announced the acquisition of Hatton Real Estate, one of London’s leading commercial property specialists, with 11 professionals. Concentrated in the “City Fringe” area of Central London, the new addition further strengthens the investment and office agency practice of Colliers International. Details of the transaction were not disclosed.
Founded in 2010, Hatton Real Estate has fast become the leading property advisor in the rapidly evolving City Fringe market, or Tech City, which is seen as the epicentre of the UK’s digital economy. They provide agency leasing, investment, development and tenant representation services to some of the UK’s most innovative and successful companies. Over the last five years they have advised on over 100 capital transactions and during 2015 they leased nearly 1 million sq ft. The business will rebrand as Colliers International immediately and will relocate to a new HQ location in Old Street in March 2016.
“We continue to look for ways to augment our business in major markets, particularly in London, and adding a high quality and innovative team of professionals from Hatton Real Estate allows us to take our business to another level,” said Tony Horrell, CEO of Colliers UK and Ireland. “The City Fringe, is now considered to be one of London’s most sought after commercial and residential districts and due to Hatton Real Estate’s stronghold in the area, combined with their entrepreneurial and collaborative approach they are a great fit for Colliers International,” he concluded.
Ricky Blair, Partner of Hatton Real Estate added: “The last five and a half years have been an incredible journey for us and we are proud of what we have achieved within a relatively short period of time.”
Michael Raibin Partner of Hatton Real Estate continued: “We put our success down to a number of factors including our pioneering approach to modern technology including social media, our unrivalled knowledge of our geographical patch and our entrepreneurialism and passion for office, residential and investment agency.”
Shaun Simons, Partner of Hatton Real Estate concluded: “When considering a sale, it was important that the purchaser embraced our culture and working ethos and Colliers, for us, were the stand out opportunity. Together with Colliers’ ‘best -in-class’ London Offices team we believe that we can create one of the most powerful agency forces in Central London. For us, this is the start of a new and exciting chapter and we are certain that combining the Hatton Real Estate culture and local expertise with the Colliers global platform will be a recipe for success for many years to come.”
Colliers International has a strategic objective to significantly grow its business in the UK, both through acquisition and organically. In the last 12 months the firm has hired more than 40 new senior level recruits, focusing on expanding core business lines and recent acquisitions have included retail experts, Briant Champion Long, and Central London specialist, H2SO.
Colliers is also in expansion mode in EMEA, with the acquisition of AOS in 2014 adding strength and breadth in France, Belgium, Spain, Morocco, UK, Netherlands and Switzerland. Continued growth is planned in Europe and major markets around the world.
“I would like to welcome the fine group of professionals from Hatton Real Estate,” said Chris McLernon CEO of the EMEA for Colliers. “This is just another example of Colliers International being the firm of choice for best in class people who have an enterprising culture and challenge themselves to bring new ideas to clients and exceed expectations.” he concluded.
To view a video about the acquisition please click on the link