Dublin-based property consultancy Colliers Jackson-Stops has sold 60 per cent of its shares to Colliers CRE, one of Britain's top ten real estate advisory consultancies in a part cash/part share deal worth €9 million.
Declan Stone, managing director of Colliers Jackson-Stops said; "Any mid-sized company wishing to expand in our sector must become part of a larger entity in order to maximise the growth potential from the global property market and I expect we will see further deals of this nature in the months ahead."
The deal comes hot on the heels of the purchase of Hamilton Osborne King by London based auctioneers Savills for €50 million.
"Our own announcement today reflects this worldwide trend towards global alliances and partnerships," he said.
Mr Stone said that Ireland's property market remains very strong, but emphasised that Irish investors are becoming major players in the global investment market and it is this growth that has sparked interest in Irish property companies.