Colliers returns record 20% growth

Colliers returns record 20% growth

Colliers International increased its revenue by a phenomenal 19.7% last year.

Colliers International CEO, Mark Synnott, says revenue for Colliers' entire New Zealand operation including the franchises was $85 million last year compared to $71 million in 2013.

“This result reflects the company’s broadening reach into key new service lines such as Residential Project Marketing and Hotels.

“Our Corporate Solutions team - which provides lease management services to major clients - also expanded its business exponentially last year,” says Synnott.

Three areas of the business had revenue growth of more than 40% in 2014.

These were the Christchurch Agency office, the Industrial Sales division based in Highbrook, Auckland, and the company’s Corporate Solutions team.

Synnott says Colliers International has matured significantly as a company in its offering to clients and potential clients.

“Ten years ago the composition of the company’s revenue was an 80/20 split in favour of agency over professional services. Now the split is much more like 65/35 following strategic expansion in areas such as Valuation, Corporate Solutions and various other consultancy services.

“As part of continuing our growth, Colliers also started new divisions last year like Rural and Agribusiness which now boasts more than 25 people across both agency and valuation.”

Colliers International only publishes accounts for its non-franchised operations. These operations are directly owned by overseas parent company, Colliers International Group Inc.

Colliers growth rate is 50% more than its next closest overseas, owned commercial agency competitor in New Zealand.

ENDS

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