Eltizam Asset Management Group has cemented its the Middle East and North African presence via the take over of Falcon Investments LLC (the associate partner that traded as Colliers), one of the leading versatile professional services and investment management firms in MENA since 1995.
Eltizam is one of the biggest tech-driven physical asset management firms and investors in the built asset ecosystem in the Middle East. The collaboration with Colliers will expand the services that the two firms can provide, furthering the delivery of their harmonising growth strategies and maximising real estate potential for clients.
Chairman of the Board of Directors, Eltizam Group, Ahmed Amer Omar Saleh Omar, stated that Eltizam is a joint venture between ADQ and IHC. The firm will extend its asset management platform and enhance its growth plans via this collaboration. The chairman stated that the association betwixt Eltizam and Colliers is a powerful amalgamation that will deepen the firm’s portfolio in the prevalent and emerging markets.
Group CEO at Eltizam, Chris Roberts, stated that the firm was ecstatic to augment its presence in the territory and deepen its real estate services via its collaboration with Colliers. Roberts noted that the latter was a natural fit for its market aspirations.
Ian Albert, CEO of Colliers in MENA, stated that the collaboration between Eltizam’s asset management services and Colliers’ expertise in real estate transactions and advisory services would extend both firms’ services. As a result, it will steer enhanced knowledge and opportunity to its clients in the MENA region.
Colliers enables various services in the Middle East and African area for the government, occupier enterprises, and private sector proprietors. The benefits include landlord & tenant representation, brokerage services, occupier services, valuations & advisory, capital markets advice, development consultancy, and building & cost consultancy.
Eltizam serves as an integrated real estate services suite that uses a robust technology platform for innovative services through its subsidiary companies. The firm has held operations in MENA since 2009.
Established in Abu Dhabi in 2009, Eltizam Asset Management witnessed a refurbishment into its present group of companies in 2014. The firm strives to augment its services to clients with an enhanced and integrated suite of real estate services.
Eltizam Asset Management Group trusts that managing the built environment according to international industry standards benefits all stakeholders. Therefore, the firm works smart and around the clock to maintain a strong consumer service ethic to guarantee that it delivers on its ultimate goal of consumer happiness.
Eltizam is a committed partner in facilitating sustainable and strategic physical asset management solutions to all of its consumers. The firm is one of the pioneering physical asset management firms in the UAE. It delivers to clients throughout a wide range of industries and domains. In addition, the firm offers holistic services via its subsidiaries, namely – EAMG Holdings, iREC Holdings, iFM Holdings, and East-O Holdings.
Colliers is a versatile professional service and investment management firm. With operations in 65 nations, the firm houses over 15,000 enterprising professionals who work closely to deliver expert advice to real estate owners, occupiers, and investors.
For over 26 years, the firm’s experienced leadership with crucial insider ownership allowed it to deliver a compound annual investment return of close to 20% for stakeholders. With annualised revenues of USD 3.6 billion (USD 4 billion including affiliates) and USD 46 billion of assets under management, the firm maximises the capacities of property assets. As a result, it augments benefits to its clients and people.
The firm continues to establish bold goals and fabricate its business quickly. It strategises to double its profitability throughout its global company, with at least 65% of accustomed EBITDA arriving from recurring income by the dusk of 2025.