WASHINGTON, Aug. 4, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP) ("CoStar") today announced that global commercial real estate services leader Colliers International signed a new multi-year subscription agreement for CoStar Suite™ to make CoStar's full line of information services available to its commercial real estate professionals in the United Kingdom.
Under the new agreement, Colliers International professionals across the UK will now have access to CoStar's most advanced research platform, featuring CoStar Property®, CoStar COMPS®, CoStar Tenant® and CoStar's innovative mobile app for the iPad, CoStarGo®.
CoStar successfully introduced its full suite of industry-leading information services in the UK last year as an upgrade to the FOCUS platform. CoStar also provides comprehensive commercial real estate information services to Colliers International professionals throughout the US.Through CoStar Suite, UK subscribers gain access to a comprehensive inventory of office, industrial and retail properties, the UK's largest online library of commercial property images, and sophisticated software to research lease and sales availability, analyze trends and transactions, track market conditions and position properties in the marketplace. The new agreement, which expands a longstanding business relationship between Colliers International and CoStar, represents an upgrade for Colliers from its current subscription in the UK to the recently launched CoStar Suite. "We are delighted with the opportunity to broaden our services to Colliers International, one of our largest customers and one of the largest real estate service providers in the world," stated CoStar Founder and CEO Andrew C. Florance. "We believe Colliers International professionals will benefit from the comprehensive view CoStar Suite provides, along with the many other top firms in the UK that have recently become subscribers." About Colliers International Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.