Colliers International Awarded Property Management Contract For Beverly Hills Luxury Retailers

SEATTLE, June 13, 2013 /PRNewswire-USNewswire/ -- Colliers International today announced that it has been awarded the management contract for two high-street luxury retail buildings in Beverly Hills owned by Grosvenor Americas. Located on the prominent Rodeo Drive corridor and home to Harry Winston and bebe, the contract will allow Colliers International to expand their retail management services in Southern California.

"This expansion of our relationship with Grosvenor Americas illustrates the unique power of the Colliers platform," said Anjee Solanki, National Director | Retail Services for Colliers International. "The Colliers commitment to service excellence is perfectly aligned with such a prestigious spot for luxury retailers, and we are proud to take part in providing management services for these tenants."

Colliers has an existing partnership with Grosvenor Americas, which includes providing management and leasing services for three historic properties in San Francisco's Union Square district, home to high-profile tenants De Beers, Façonnable, and Bay Area newcomer Icebreaker. For one of those properties, Colliers helped Grosvenor Americas achieve LEED Platinum certification. Colliers and Grosvenor Americas plan to evaluate existing sustainability practices for the Rodeo Drive property and will strive to achieve LEED certification.

"The Colliers team is familiar with LEED standards for operating and maintaining existing buildings," said Tom Ohlson, Senior Vice President of Portfolio Management for Grosvenor Americas. "We're leveraging their expertise as we review current energy usage and evaluate low-cost options and potential long-term changes to achieve LEED certification."

In addition to evaluating LEED certification to this new Grosvenor Americas property, Colliers is also incorporating the latest smartphone, tablet and mobile technologies by sharing real-time Video Property Inspection reports with the tenants and property owners. The videos provide narrative content that can be shared with clients located anywhere in the world, allowing them to track projects. Further, the Video Property Inspection reports help communicate property needs from on-site general managers to Grosvenor Americas, and allow Colliers to generate a historical record of a property through quarterly documentaries.

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ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world. For the latest news from Colliers International, visit colliers.com/us/news or follow us on Twitter: @ColliersIntl

ABOUT GROSVENOR
Grosvenor is a privately-owned property group with offices in 19 of the world's most dynamic cities. We have regional investment and development businesses in Britain & Ireland, the Americas and Asia Pacific. Our international fund management business operates across all these markets and also Continental Europe. We also have indirect investments, managed centrally. As of December 31, 2012, the Group had total assets under management of £12.2bn ($19.9bn).Unusual for a private company, Grosvenor publishes a full Annual Report & Accounts, available at: www.grosvenor.com.

SOURCE Colliers International