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Colliers International sells Finland AHC


Colliers International Group has sold its residential property management operation servicing apartment housing companies (Finland AHC), which manages over 30,000 apartments throughout Finland.

Colliers says the sale will allow its Finnish operation to focus entirely on its core business of providing real estate management services to owners and users of commercial real estate. Terms of the transaction have not been disclosed.
 
Founded in 1980, and acquired by Colliers International earlier this year, Colliers Finland provides commercial real estate management services for office, industrial and retail properties; and retail and shopping centre development & consultancy.
 
"The divestiture of Finland AHC to a well-respected Nordic player strengthens and focuses our Nordic platform, aligning with our growth strategy in the region," says Chris McLernon, CEO of Colliers International | EMEA. "The Colliers Finland team continue to outperform our expectations and thrive in Colliers' entrepreneurial environment."
 
"We have gained significant momentum as part of Colliers, and this transaction allows us to provide an even greater focus on our portfolio of commercial real estate assets comprising more than 8 million square meters (86 million square feet), as well as continuing to provide advisory services to commercial real estate clients, helping them accelerate their success," says Sirpa Ojala, CEO of Colliers International Finland.

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