Colliers International, a global leader in real estate advisory, said it has acquired Flanagan Arabia, a specialist project management, quantity surveying, space planning, workplace and cost consultancy.

A wholly owned subsidiary of The National Investor, one of Abu Dhabi’s leading investment management and advisory firms, Colliers International delivers a full range of services to real estate users, owners and investors worldwide.

Flanagan Arabia will immediately be rebranded as Colliers International, with Bob Flanagan, the founder and managing director of Flanagan Arabia, continuing to lead operations as the director, head of Project Management and Cost Consultancy for Colliers International in the Middle East and North Africa (Mena) region.

Founded in 2008, Flanagan Arabia services government entities, developers and financial institutions across the UAE, Saudi Arabia, Egypt and Qatar.

“Since we launched our operations in Abu Dhabi in 1996, Colliers International has continued to demonstrate its commitment to the market through the expansion of our services, offices and workforce of dedicated professionals,” remarked John D. Davis, the chief executive officer of Colliers International in the Mena.

“The acquisition of Flanagan Arabia deepens our capabilities in key disciplines and will support future regional growth by offering our clients additional market leading services, all under the Colliers International brand,” stated Davis.

Commenting on the acquisition, Flanagan said: “Becoming part of Colliers’ global network is a natural next step in the development of the business. The team are excited to be joining one of the world’s leading real estate consultancies, adding our expertise and experience to Colliers strong offering in the region."

"Both firms are an excellent fit in terms of culture and commitment to industry best practice, and the acquisition will support our expansion plans while delivering significant benefits for all our clients," he added.

Following the agreement, the firm intends to expand its headcount in its regional headquarters in Dubai, as well as across its regional offices which service over sixteen countries in the Mena region.

Colliers International is a global leader in commercial real estate services, with over 16,300 professionals operating out of more than 502 offices in 67 countries.-TradeArabia News Service