Colliers International, an international real-estate services firms, has opened an office in Yangon, Myanmar, after recognizing that country’s growth potential.
The move to establish an office in Myanmar, according to Colliers, forms part of its expansion plans.
“Colliers is the first global real-estate services firm to enter the Myanmar real-estate market,” said Piers Brunner, chief executive officer of Asia Colliers International.
“We see huge potential in the country, with many of our clients seeking new opportunities in what is arguably the last major frontier market in the region. It’s important for us to have the operation in place in order to assist our clients as they expand their business or real-estate portfolio in Myanmar,” he added.
The local team for the country will work in tandem with more than 2,500 specialists in the region.
“We are bullish about the prospects for those who wish to be part of the Myanmar growth story. Yet, like any frontier market, everybody must be prepared for some difficulties when they start to operate here,” said Tony Picon, who has been appointed as managing director, Myanmar, Colliers International.
Picon added that Colliers wants to become part of the local community and Myanmar’s development. Colliers now operates in 39 offices in 14 countries throughout Asia.