Colliers International Acquires Finland’s Ovenia Group

Commercial real estate services firm Colliers International Group announced the acquisition of Ovenia Group (Ovenia), Finland’s leading real estate management and service firm, for a still undisclosed amount.

Following the acquisition, Ovenia will immediately rebrand as Colliers International throughout Finland.

Founded in 1980 and headquartered in Helsinki with operations throughout Finland, Ovenia employs over 500 skilled professionals and has a highly experienced management team lead by CEO Sirpa Ojala.

The company provides commercial real estate management services for office, industrial and retail properties; retail and shopping center development & consultancy; and residential management including multifamily residential rentals and direct to consumer management services.

“This acquisition represents an important milestone in our Nordic and pan European growth strategy,” said Chris McLernon, Colliers International Chief Executive Officer, EMEA.

McLernon add that that the acquisition in Finland also enhances Colliers’ existing property and asset management platform throughout the Nordics and wider EMEA region. – BusinessNewsAsia.com

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