Colliers exits Russia and Belarus

Colliers exits Russia and Belarus after 28 years

Global real estate services and investment management firm Colliers has decided to discontinue its business in Russia and Belarus, effective immediately, after more than 28 years of operations.

“I am appalled and saddened by the unnecessary loss of life and the displacement of millions of Ukrainians from their home. We cannot and will not stand idly by. Our decision to exit Russia and Belarus is one we make with conviction,” said Jay Hennick, Global Chairman & Chief Executive Officer of Colliers.

Colliers said it continues to prioritize the safety and welfare of its people and clients in Ukraine, as well as in the broader Central & Eastern European region.

”As a result of this crisis, our affiliate office in Kyiv is closed and all business operations there have been suspended. We are focused on supporting our Ukrainian colleagues who remain in country, those who are seeking refuge, and the families of our people who have been affected. Our operations in neighbouring countries are actively providing temporary accommodation, monetary support and other necessities,” the company said in a statement.