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Sat 23 May 2015 01:14 AM

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Colliers Int'l inks deal to acquire Gulf-based real estate consultancy

Flanagan Arabia will immediately be rebranded as Colliers International; founder to continue to run operations

Colliers Int'l inks deal to acquire Gulf-based real estate consultancy

Global real estate advisors Colliers International has announced the acquisition of Flanagan Arabia, a specialist project management, quantity surveying, space planning, workplace and cost consultancy operating in the Gulf region.

Flanagan Arabia will immediately be rebranded as Colliers International, with Bob Flanagan, founder and managing director continuing to lead operations for Colliers, a statement said.

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 16 countries in the 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," said John D Davis, CEO of Colliers International in the Middle East and North Africa.

"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," said Davis.

Commenting on the acquisition, Bob Flanagan added: "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."

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