Colliers acquires Belgian commercial real estate advisory firm

Colliers acquires Belgian commercial real estate advisor BelSquare

Colliers has acquired a majority interest in BelSquare SRL, a Belgian commercial real estate advisor with offices in Brussels and Antwerp.

Founded in 2013, Belsquare will be rebranded as Colliers and merged with Colliers’ existing operations in Belgium (Colliers Belgium). The terms of the transaction were not disclosed.

The combined Colliers Belgium operations will have more than 70 professionals and offer a full suite of services for clients including capital markets advisory, leasing, valuation, project management, and property management.

Under the guidance of Antoine Derville, CEO of Colliers, France and Belgium, Charles Lasserre and David Vermeesch, who were Managing Partners of BelSquare, become co-heads of the newly formed Colliers Belgium operation.

Other members of the leadership team include Annick Vandenbulcke, who as former Managing Director of Colliers Belgium will continue as Head of Occupier Advisory, Colliers, Belgium.

“Building on our current capabilities in project management and property management, this partnership adds a market-leading transactional business and provides Colliers with a full suite of capabilities to service our national and international clients,” said Davoud Amel-Azizpour, CEO of Colliers | EMEA. “This is the latest investment in a series of strategic acquisitions in EMEA that demonstrates our growth throughout Europe.”

“Our partnership with Colliers is a logical next step in the firm’s evolution as we share Colliers’ enterprising culture and commitment to service excellence,” said David Vermeesch, Co-Founder and Managing Partner of Belsquare. “We will benefit from the Colliers’ global brand, platform, and relationships, which positions us to accelerate our combined growth over the coming years. We are extremely excited and look forward to being part of a diversified and resilient firm like Colliers,” added Charles Lasserre, Co-Founder and Managing Partner of Belsquare.