FirstService Corp. has completed its previously announced purchase of a 65% interest in New York-based GVA Williams Real Estate, with senior management retaining the balance of equity. GVA Williams will be re-branded as ‘Williams Real Estate, a FirstService Company.’
Williams Real Estate establishes the FirstService commercial real estate platform in the world's leading real estate market and opens an important global gateway for further expansion of the company's portfolio of commercial real estate and property services. The move strengthens the FirstService presence in the northeastern U.S. by adding offices in New York, Connecticut and New Jersey, according to the company.
‘Partnering with Williams is a key strategic move, providing us with an important new hub in New York City while strengthening our ability to deliver the highest-quality real estate advisory and transaction services to our multinational clients,’ says Douglas Frye, president and CEO of FirstService Commercial Real Estate and chairman of Colliers International. ‘Our partnership with Williams will also significantly enhance deal flow to other FirstService partners, including Colliers International, Cohen Financial, PKF Hotel and Hospitality Consulting, PGP Property Valuation and MHPM Project Managers.’
SOURCE: FirstService Corp.
