Diversified professional services and investment management company, Colliers, is to acquire a controlling interest in Antirion SGR, one of the largest real estate investment management firms in Italy with assets throughout Western Europe.
Ofer Arbib, founder and CEO and his team will continue to lead the organisation and will retain a significant equity interest in the firm going forward under Colliers’ unique partnership model. The firm will be rebranded as Colliers Global Investors shortly after closing. This investment further expands Colliers Global Investors’ growing platform in Europe and leverages its benefits for existing and new investors. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Details of the transaction were not disclosed.
Founded in 2009 in Milan, Antirion has become one of the most prominent and highly respected real estate investment management firms based in Italy. With more than EUR3.8 billion of assets under management (AUM), Antirion has consistently delivered strong returns for investors over the long-term across ten funds primarily through investments in office, hospitality, retail, and residential asset classes. The firm employs 35 professionals that cover the region from offices in Milan and Rome.
“Colliers Global Investors views growth in Italy and Western Europe as a natural progression of its business offering strong benefits for investors,” says Chris McLernon, CEO | EMEA for Colliers. “We are thrilled to be partnering with Ofer and his talented investment team, who have one of the best long-term investing track records in Italy since the firm’s founding in 2009. As partners, we will continue expanding the platform to provide existing and future clients innovative investment products within Europe.”
“Partnering with Colliers dramatically expands Antirion’s potential and offers tremendous benefits to our clients. Colliers’ global investment management platform currently manages more than USD45 billion of AUM on behalf of more than 500 institutional investors around the world, giving Antirion’s clients access to a more diverse product set. In addition, we are excited to invite Colliers' clients to invest in our top performing funds in Italy and Western Europe,” says Ofer Arbib, CEO of Antirion.
Source: propertyfundsworld.com on the 7th October