Colliers and ImmoEast Join Forces for Big Central and Eastern European Real Estate Summit Today

Budapest, Hungary, July 04, 2007 --(PR.com)-- Colliers Central and Eastern Europe (“Colliers CEE”) announces that its big real estate summit in conjunction with the largest investment fund in the region, Austrian-based ImmoEast, will open today (Monday 2nd July) in the Hungarian capital, Budapest.

Colliers CEE and ImmoEast (recently declared “Real Estate Company of the Year” for Southeast Europe at the Europaproperty awards) are major strategic partners in the region, with Colliers CEE having signed a five year deal this year to value the Austrian company’s property portfolio. 121 properties have already been valued so far this year. Colliers International Hungary is acting as the point of contact for the entire area.

Immoeast Colliers CEE Summit 2007, which features executives from ImmoEast and valuation teams and directors from Colliers CEE, will take place over two days in Budapest, and is intended to mark the partnership between the two companies.

Janos Hidasi, Associate Director and Senior Valuer of Colliers International Hungary said, “As more countries institute stricter accounting laws, valuation is exploding in this part of Europe, and Colliers is establishing itself as one of the top valuation firms, valuing anything from typical class A office to movie production facilities.”

Michael Smithing, Managing Director of Colliers International Hungary, added, “This enormous regional real estate summit underlines the partnership between ImmoEast and us which is extremely important to us as a company.”

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