Colliers International UK will in future operate as a wholly owned subsidiary of Canada's FirstService Corporation, the company announced on Wednesday. In addition, FirstService will assume the UK ownership interests in Ireland and Spain. FirstService now owns almost 90% of Colliers International by revenue globally.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
