Hot on the heels of its takeover of Nordic adviser Pangea Property Partners, Colliers has announced the acquisition of a majority interest in Belgian real estate adviser BelSquare.
BelSquare is a 26-person strong multi-service business, acting for domestic and international occupier, owner and investor clients.
Colliers said it will merge BelSquare with its existing Belgium team, resulting in an expanded operation with 70 professionals offering services across agency, capital markets, and occupier services, including project management and design & build, valuations and property management.
The newly formed Colliers Belgium business will be led by co-heads Charles Lasserre and David Vermeesch, formerly managing partners of BelSquare, under the guidance of Antoine Derville, CEO of Colliers for France and Belgium.
Other members of the leadership team include Annick Vandenbulcke, who as former managing director of Colliers Belgium will continue as head of occupier advisory at Colliers Belgium.
Davoud Amel-Azizpour, CEO of Colliers, EMEA, said: ‘Strengthening our pool of experts in Belgium is part of our EMEA Enterprise ’25 Growth strategy. It is fantastic to close the year out with this acquisition and to see the teams begin to integrate. We are confident that this acquisition will lead to an enhanced operation and set us up for long-term growth.’
‘The BelSquare team are excited to become part of the Colliers’ industry-leading brand. Through the firm’s global platform, we can accelerate the services offered to our both domestic and international clients,’ commented Vermeesch.
Added Lasserre: ‘We look forward to formally integrating with our new Belgium colleagues and leveraging Colliers’ reach, to propel our growth, market share, and client service capabilities.’
The news of the acquisition comes just days after Colliers reported it had completed its takeover of Pangea Property Partners, a transaction it said ‘firmly positions Colliers as the dominant player in the Nordic region’.