Colliers International has completed its acquisition of a property development firm in India to establish the Toronto-headquartered firm as a top tier player in the market.
Synergy Property Development Services is based in Bangalore and will be integrated with Colliers’ existing operations in India, adding more than 1,000 real estate professionals to the firm’s current headcount of around 400.
“Closing the Synergy transaction establishes Colliers as a top tier player in India, the fastest growing economy in the world, continuing the growth we’ve enjoyed across our Asia business over the past five years,” said David Hand, CEO | Asia Pacific. “Our enterprising culture aligns perfectly with Synergy, which brings a team of highly regarded leaders and professionals. Together, we will continue to drive exceptional results, wherever our clients do business.”
Synergy was founded in 2003 and has grown to be India’s leading project management firm having delivered more than 120 million square feet of projects for investors, developers and occupiers of real estate.
“Joining Colliers provides us significant growth opportunities in India by leveraging their global platform and institutional brand. Our team of dedicated professionals consistently exceed expectations and we look forward to accelerating continued success for clients,” said Sankey Prasad, CEO, Colliers | India and Founder, Synergy.