Colliers International Acquires Vision Asset Management

KUALA LUMPUR, Jan 5 (Bernama) -- Commercial real estate services firm, Colliers International Group Inc has acquired Vision Asset Management Co, one of Europe's leading hospitality asset management companies. The business will be rebranded as Colliers International and integrated into the existing hotel property services operation, thus increasing its scale and capabilities throughout the United Kingdom. However, the details of the transaction were not disclosed. Colliers International UK and Ireland Chief Executive Officer Tony Horrell said Vision was well regarded by investors, owners and funders looking to increase investment performance in the hospitality sector. "These market leading professionals will enhance our existing team of hotel experts, as well as, complement our investment property management service," he said in a statement Thursday. Founded in 2001, Vision provides a complete range of asset management advisory and consultancy services in the hospitality sector. The firm advises clients in the UK and across Europe, the Middle East and African region, and has managed more than 100 assets comprising individual properties and larger portfolios. -- BERNAMA