Colliers Worldwide acquired a controlling curiosity within the mission administration firm Synergy Property Improvement Companies and merged operations to create one of many essential gamers within the industrial actual property market in India.
The mixed enterprise could have greater than 1,400 professionals working in 16 places of work throughout India, Colliers stated in an announcement.
Established in 2003, Synergy has delivered greater than 120 sq. meters. of actual property initiatives for buyers, builders and occupants.
Synergy's senior management will proceed to be a shareholder within the mixed enterprise based on the Colliers partnership mannequin.
"India is the quickest rising economic system on the earth, offering an opportune second to extend the dimensions and depth of our enterprise along with the Synergy group of execs," stated David Hand, CEO | Pacific Asia
"Having loved great development in our enterprise in Asia over the previous 5 years, the mixture with India's main mission administration enterprise places Colliers in an enviable place, setting the stage for accelerating the success of our prospects and our folks within the area. "
The transfer comes after Colliers acquired SIP Group, one in every of China's main building mission administration consultants, to merge its operations in March final yr.