Colliers Canada will add 36 million square feet of commercial space and $2.5 billion worth of projects under development to its portfolio through a newly announced deal to acquire Triovest Inc. from the private asset manager, Coril Holdings. Triovest staff and business lines have now merged into the global firm’s platform, boosting its Canadian operations to 3,000+ employees, 95 million square feet of commercial real estate and more than $15 billion worth of projects under development.

“The addition of Triovest cements our position as the largest real estate services firm in Canada,” says Brian Rosen, president and chief executive officer of Colliers Canada. “We are excited to welcome the highly respected and experienced team from Triovest and look forward to their contributions in the years ahead.”

Established in 1995, Triovest has grown into a leading private commercial real estate services firms, providing asset management, property management, development and advisory services across all major property sectors in Canada. The company generated roughly CAD $70 million in revenues for the year ending Dec. 31, 2024.

“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,” says 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.”