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Eltizam Asset Management Group (Eltizam) has strengthened its presence in the Middle East and North Africa by acquiring Falcon Investments LLC, the affiliate partner that trades as Colliers, the leading diversified professional services and investment management company, in MENA since 1995.
According to a press release, the partnership with Colliers will strengthen services provided by the two firms, expedite growth plans and maximise the potential of real estate for clients.
“Eltizam, a joint venture between IHC and ADQ, will broaden their asset management platform and accelerate their growth strategy through this partnership. We see this affiliation between Eltizam and Colliers as a powerful combination that will enhance the company’s portfolio in the existing and emerging markets,” said Ahmed Amer Omar Saleh Omar, chairman of the board of directors, Eltizam.
Chris Roberts, group CEO, Eltizam, said, “We are thrilled to increase our presence in the region and the depth of the real estate services we have within our stable through our partnership with Colliers. For us, the firm is a natural fit for our market aspirations. The standing that the global brand has, combined with Ian Albert and the wider teams’ expertise is second to none. We look forward to the unification of the companies.”
“The partnership between Eltizam and the asset management services it provides, with Colliers’ expertise in core real estate transactions and advisory services, will expand the services we can offer together to deliver further expertise and drive opportunity to our clients in this dynamic region,” said Ian Albert, CEO of Colliers in MENA.
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Eltizam partnership with Colliers
