The takeover of Colliers International will bring “undoubted benefits” for its clients in Bristol and the South West, according to its Bristol chief.
The property advisory firm’s UK operation was bought last month by US-based FirstService. Head of the Bristol office Tim Davies said the deal had recapitalised the UK business, which was now able to draw on FirstService’s financial clout.
He added that the growth of Bristol’s local economy was “inevitable” when the recovery gathers pace.
“This deal has raised the company’s profile across Europe and will bring undoubted benefits for Colliers International’s clients in the West,” he said.
“This deal will bring international business opportunities to Bristol and the South West from clients and contacts all over the world.
“We now have the global strength and depth of Colliers International to call upon, but we have not lost sight of the fact our local market expertise is still key. We remain passionate about the UK and our clients in the West.
“Bristol is ideally placed to attract inward investment; it is an important financial centre and the communications network of road, rail, air and sea is unrivalled in the UK. Whilst other parts of the UK have been ravaged by the worldwide recession Bristol has fared better and growth of the local economy is inevitable when the recovery gathers pace.”