Clearwater International advises Boer Hartog Hooft on the sale of a majority stake to Colliers
Clearwater International has advised Boer Hartog Hooft, one of Amsterdam’s leading and oldest commercial real estate services firms, on the sale of a majority stake to Colliers International (Colliers), a top-tier commercial real estate company.
Established in 1893, Boer Hartog Hooft is one of the oldest and most respected commercial real estate brokerage and advisory companies in the Amsterdam region. It provides a comprehensive range of property services including office, industrial and hotel brokerage, investment services, valuations, and consultancy. With 45 employees, the company generated a revenue of approximately €7m in 2009.
Colliers, a global leader in real estate services, is present in 61 countries, operating through 480 offices, with 15,000 employees. The company provides a full range of services to real estate users, owners, and investors worldwide, including global corporate solutions, sales and lease brokerage, property and asset management, project management, hotel investment sales and consulting, property valuation and appraisal services, mortgage banking, and insightful research. Owned by FirstService, a world-leading real estate services provider, Colliers is listed on NASDAQ and the Toronto Stock Exchange.
This joint venture combines the strong international expertise of Colliers, with Boer Hartog Hooft’s local knowledge and expertise. Boer Hartog Hooft’s managing directors ensured the retention of a large minority stake in order to secure the entrepreneurial spirit within the company. Boer Hartog Hooft will manage Colliers’ operations in the Netherlands, with the existing Colliers office in Amsterdam being transferred into Boer Hartog Hooft’s offices. Following the transaction, Colliers’s Dutch operations will have a team of 60 professionals. Boer Hartog Hooft will also rebrand as Colliers.