The FINANCIAL — Global leader in real estate Colliers international launches its services in Georgia. EMEA CEO of the company Chris McLernon visited Georgia to announce the launch of Colliers’ Georgian operation from May 15th.
“This means that we can offer clients a unique opportunity to expand their real estate portfolio in Georgia. It is a dynamic time in Georgia’s economic development with the country focused on tourism, real estate, agriculture and the energy sector. There are a lot of great opportunities for domestic and international investment,” Chris McLernon said.
Colliers International Georgia will offer to Caucasus region broad range of property related services including development consulting, corporate and investment brokerage, research, valuation and advisory.
“By uniting our local expertise in Georgia with Colliers’ broad service offering and global reach, we foresee significant opportunities to expand our client base and accelerate our growth” Colliers EMEA CEO mentioned during the news conference.
Within the two-day visit Chris McLernon and his collegue EMEA Corporate Solutions Director Karel Stransky held meetings with the Minister of Economy and Sustainable Development, Deputy Minister of Energy, PM’s Economic Council, President of National Bank of Georgia, Georgian CoInvestment Fund and other institutions. Also business meetings were held with leading buisness groups operating in Georgia: Rakia, Wissol, Silk Road, GPC, GIG and others.
“The market entry of the company of this scale apparently makes Georgia more attractive to institutional investors. Our goal is to offer real estate owners and investors in Georgia a new, exceptional service standard and link local opportunities with the world’s capital markets,” the Managing Director of Colliers International Georgia Irakli Kilauridze noted.
Colliers have already worked on several projects in Georgia mainly contracted by the state. Previously this was managed through offices in London, Kiev or Istanbul and now local and regional clients will deal directly with the office in Tbilisi.
Colliers are a global leader in real estate, represented in 63 countries and 485 offices. The annual transactions volume of the company exceeds USD 75 billion and their EMEA head office located in London. Tbilisi office will operate under the London office supervision.
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