Colliers International (Canada) has acquired 51% stake in Boer Hartog Hooft
Colliers International, a top tier commercial real estate company, has acquired a majority stake in Boer Hartog Hooft, one of Amsterdam’s leading and oldest commercial real estate services firms. Boer Hartog Hooft was rebranded to Colliers International immediately.
The joint venture combines the strong international expertise of Colliers International and Boer Hartog Hooft’s local knowledge and expertise. For Boer Hartog Hooft’s managing directors, retaining a large minority stake was a key condition in order to secure the entrepreneurial spirit within the company. Boer Hartog Hooft will manage the operations of Colliers International in the Netherlands; the existing Colliers International office in Amsterdam will be transferred into the Boer Hartog Hooft offices. After the transaction the Colliers International Dutch operations counts 60 professionals.
Boer Hartog Hooft, incorporated in 1893, is one of the oldest and most respected commercial real estate brokerage and advisory companies in the Amsterdam region. Boer Hartog Hooft provides a comprehensive range of property services including office, industrial and hotel brokerage, investment services, valuations and consultancy. In 2009, Boer Hartog Hooft employed 45 people and reported a revenue of approximately EUR 7 million.
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries, realising revenues of nearly USD 2 billion. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions, sales and lease brokerage, property and asset management, project management, hotel investment sales and consulting, property valuation and appraisal services, mortgage banking and insightful research. Colliers International is owned by FirstService, a world leading real estate services provider, listed on NASDAQ and the Toronto Stock Exchange.
PhiDelphi Corporate Finance acted as advisor to Boer Hartog Hooft.