Brings scale and additional capabilities to accelerate growth
TORONTO AND SYDNEY, [August 3, 2022] – Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today that Colliers’ has acquired PEAKURBAN Pty Limited, one of the fastest growing independent, engineering companies in Australia. The acquisition will further enhance Colliers global Engineering & Design business and build local capability to Colliers’ market leading business in Australia.
Founded in 2016, with more than 100 experts, across five offices in Australia, PEAKURBAN specialises in helping to create communities and employment precincts throughout Australia with a focus on planning, design, and engineering solutions for master planned communities, civil infrastructure, mixed use developments, industrial and employment precincts.
“This acquisition demonstrates our continued focus on building scale, a key component of our Enterprise’ 25 Growth strategy. In Australia, Colliers’ reputation as market leaders across all property asset classes offers us an opportunity to accelerate our growth in engineering and design and complement our existing Project Management and Strategic Advisory capability, expanding our service offering to unlock more opportunities for our clients and our people”. John Kenny, CEO Colliers Asia Pacific. “PEAKURBAN’s values and culture align strongly with ours and we are delighted to welcome PEAKURBAN’s experts into our organisation.”
PEAKURBAN will rebrand and be integrated into Colliers’ existing Australian operations. Under Colliers’ unique partnership model, PEAKURBAN’s senior leadership team retain equity in the business and will continue to lead its growth in the dynamic Australian marketplace.
“The acquisition of PEAKURBAN is the latest in Colliers’ expansion of our Engineering and Design business, following recent similar transactions in the United States.” said Elias Mulamoottil, Co-Chief Investment Officer. “Colliers continues to attract best-in-class firms who value our unique partnership model and long-term growth horizon, and who wish to thrive within our, decentralised model and enterprising culture.”
“Colliers is one of the most respected names in real estate globally. Their investment in PEAKURBAN is recognition of the strength of our experts and experience, and the positive contributions that we have made to the communities in which we have helped create. Our reputation for developing commercially smart and practical engineering and planning solutions, combined with Colliers’ enterprising culture and impressive performance over many years, will strengthen our capabilities to help create vibrant, livable, and people orientated communities and employment precincts across Australia.” Brent Thomas, PEAKURBAN Managing Director
Manager, PR & Communications
+61 408 190 286
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.