Edition:
India

Colliers International Will Acquire 75 Pct Of Harrison Street For $450 Mln


Monday, 14 May 2018 

May 14 (Reuters) - Colliers International Group Inc ::COLLIERS INTERNATIONAL TO MAKE TRANSFORMATIONAL STRATEGIC INVESTMENT IN HARRISON STREET REAL ESTATE.COLLIERS INTERNATIONAL GROUP INC - COLLIERS WILL ACQUIRE 75% OF HARRISON STREET FROM ITS FOUNDERS FOR $450 MILLION.COLLIERS INTERNATIONAL GROUP INC - TRANSACTION IS FULLY FINANCED.COLLIERS - UNDER TERMS, ADDITIONAL $100 MILLION PAYABLE TO HARRISON STREET FOUNDERS IN 2022, BASED ON ACHIEVING PERFORMANCE TARGETS.COLLIERS INTERNATIONAL GROUP - HARRISON STREET'S SENIOR MANAGEMENT TEAM WILL CONTINUE TO OPERATE FIRM'S BUSINESS. 

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