Colliers International has entered into a new real estate market segment by establishing a Residential Project Marketing group, which will provide developers with real estate marketing and sales services for large-scale multi-unit residential projects. The addition of this new service line is part of Colliers International’s growth strategy as it enhances its services across multiple real estate market segments. The new practice, headed by industry veteran Greg Ashley, is planned to expand its services into the U.S. and other markets abroad. The group will initially operate from both Vancouver and Toronto, providing developers with marketing services in all major markets across Canada.
Additionally, Colliers International and FirstService Real Estate Advisors announced that they will combine their operations and global platforms, operating as Colliers International in 61 countries under the FirstService REA operating partnership model. The combined company has more than 15,000 employees in 480 offices worldwide and generates more than $1.9 billion annually, now ranking as the third largest real estate services firm globally, the company stated in a press release.