Colliers welcomes Greenstone Group

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Colliers has acquired a controlling interest in the Greenstone Group, a leading project management and property advisory firm in New Zealand.

The Greenstone Group’s senior leadership team will remain significant shareholders of the business under Colliers’ unique partnership model. The business will rebrand as ’Colliers Project Leaders‘ and integrate into Colliers’ market-leading New Zealand operations. Terms of the transaction were not disclosed.

Founded in 2000, Greenstone Group offers project management and property advisory services to a diverse range of end-markets, including the commercial, industrial, retail, residential, education, and infrastructure sectors. Greenstone Group’s professional services are delivered by more than 55 professionals across four offices in New Zealand.

Mark Synnott, CEO Colliers New Zealand, says this acquisition will bolster Colliers’ existing Project Leaders service offering and complement their award-winning Strategic Advisory team.

“This represents an exciting new phase for Colliers in New Zealand as we build our capacity in the Project Leaders service line, which is led by Director Kerry Woods, and add more highly skilled experts to our team,” Synnott says.

“We are proud to partner with the Greenstone Group and look forward to what we can achieve in the future.”

Shane Davis, Greenstone Group Managing Director, says Colliers is one of the most respected names in real estate globally and this investment in Greenstone is recognition of the strength of their experts and experience.