Greenstone Group acquisition sets Colliers on the path to property dominance
Simpson Grierson, one of New Zealand’s leading law firms, has recently assisted Colliers in its acquisition of a controlling interest in the Greenstone Group, a prominent project management and property advisory firm.
This acquisition is set to further cement Colliers' position as a key player in the project management space.
The move has been praised by both companies, with Colliers New Zealand CEO Gareth Fraser and Executive Chairman Mark Synnott describing it as an exciting new phase for the firm. The Greenstone Group's leadership team will remain shareholders of the business under Colliers' partnership model.
"This represents an exciting new phase for Colliers in New Zealand as we build our capacity in the Project Leaders service line and add more highly skilled experts to our team," Fraser and Synnott both said.
Simpson Grierson's Corporate Partner, Andrew Matthews, said that he was pleased to have been able to help Colliers with this strategically important project. The Corporate team at Simpson Grierson was led by Matthews and included Senior Associate Courtney Mearns and Solicitor Keanu Britton-Rua.
“It’s great to have helped Colliers deliver this strategically important project," Matthews said.
Building on existing success
Colliers is already a well-established player in the project management space, with a strong reputation for delivering quality services to its clients. The acquisition of the Greenstone Group will allow Colliers to further expand its capabilities and add more highly skilled experts to its team.
Maintaining strong relationships
One of the key factors in the success of this acquisition is the strong relationship between Colliers and Simpson Grierson.
By working closely together, Colliers and Simpson Grierson were able to ensure that the acquisition was completed smoothly and efficiently.
This partnership also helped to ensure that the interests of all parties involved were protected throughout the process.
Looking to the future
With this acquisition, Colliers is well-positioned to continue its growth in the project management sector. The addition of the Greenstone Group to its portfolio will help Colliers to expand its capabilities and provide even greater value to its clients.
For Simpson Grierson, this latest project is a testament to its expertise in the corporate and commercial sectors. The firm has a strong reputation for delivering high-quality legal services to its clients, and this latest project is further proof of its capabilities.
