We are pleased to formally announce that today we have entered into an affiliate agreement with the leading diversified professional services and investment management company, Colliers International. Under the agreement, Arbitrage Real Estate will create a new operation, Colliers Greece.
The services that Colliers Greece will provide include agency and brokerage, asset and property management, valuations, research and capital markets advisory – all of which are already provided by Arbitrage to a variety of leading local and international clients. The REO Servicing (incl. NPL collaterals auction promotion) will remain under Arbitrage brand with an intention to grow as a separate business line either independently or through joint ventures with investors, financiers and other specialists.
Colliers EMEA leadership is always on the lookout for strong performing businesses that have well-established business credentials and a strong culture focused on accelerating the success of our people and clients. We are confident that under their existing strong leadership, Arbitrage will integrate well with the wider Colliers EMEA region network and local teams to deliver long-term growth to Arbitrage’s commercial advisory and brokerage services business line as Colliers Greece.
As the market experiences a pricing re-set, we see this as an opportune time to strengthen our commercial advisory and brokerage service offering and capabilities by collaborating strategically with Colliers’ experts to service institutional, corporate and investment clients with an EMEA remit.
Arbitrage will begin to re-brand its commercial advisory and brokerage service business to Colliers from the date of this announcement.
Arbitrage will continue to provide its technical advisory, cost consulting, project management and real estate development business services under Arbitrage brand.
You can view the press release in English here and in Greek here.