Colliers Announces Acquisition of Triovest

TORONTO, April 15, 2025 – Colliers (NASDAQ, TSX: CIGI) announced today that it has entered into a
definitive agreement to acquire Triovest Inc. (“Triovest”), a leading Canadian commercial real estate
services platform, from its owner, Coril Holdings. After closing, Triovest will rebrand as Colliers,
merging its operations and capabilities to solidify Colliers’ position as Canada’s largest commercial
real estate services firm. The combined Canadian operations will employ more than 3,000
professionals, manage more than 95 million square feet of commercial real estate, and oversee more
than $15 billion in projects under development. The transaction is subject to customary closing
conditions and is expected to close during the second quarter of this year. Terms of the transaction
were not disclosed.

Founded in 1995, Triovest grew to become a national platform and one of Canada’s largest private
commercial real estate services firms under Coril Holding’s ownership, managing 36 million square
feet and overseeing $2.5 billion in projects under development for some of Canada’s most prominent
institutional and private clients. The company provides asset management, property management,
development management, and advisory services for all major commercial real estate asset classes.
For the year ended December 31, 2024, Triovest generated approximately C$70 million in revenues.

“The addition of Triovest cements our position as the largest real estate services firm in Canada, while
strengthening our capabilities in asset and development management,” said Brian Rosen, President
& CEO Ӏ Colliers Canada. “Over the years, we have built a highly differentiated business model by
integrating our full suite of services to better meet the requirements of our clients. Our customercentric
culture attracts and retains the top talent in our industry. We are excited to welcome the highly
respected and experienced team from Triovest and look forward to their contributions in the years
ahead.”

“After many years as a privately held company, we believe now is the time to accelerate Triovest’s
growth by merging its operations with Canadian-based Colliers, one of the top global players in
commercial real estate,” said Deanna Zumwalt, President and Chief Executive Officer of Coril Holdings.
“Our firm has worked with Colliers for many years as a client and we are confident that Triovest will
now have access to greater resources and global client relationships that will benefit our clients and
our people. Moreover, as a significant owner of commercial real estate, Coril will continue to work
closely with Colliers, its professionals, and our former team members for our real estate needs.”