Colliers Jardine, the property consulting arm of Jardine Pacific, has brought in a major new shareholder - Colliers Macaulay Nicolls (CMN) - to help broaden its access to the North American market. Jardine Pacific, which holds slightly less than 60 per cent of Colliers Jardine, will trim its stake to 50 per cent by selling 10 per cent to CMN. CMN will also purchase a further 40 per cent held by private investors. The transaction is expected to be completed in early July. 'The deal is driven by an increasing trend towards globalisation within the real estate sector,' Jardine Pacific said. The price of the transaction was not disclosed. Colliers Jardine and CMN are members of the world-wide Colliers International Group which is a federation of real estate companies with a worldwide network offering integrated services to multinational clients. Colliers Jardine and CMN will have combined revenues of more than US$200 million and a network of 67 offices once the deal has been completed. Colliers Jardine's stronghold in Asia Pacific, with 34 offices in 11 countries, will complement CMN's dominance in North America, the company said. CMN's chairman John McLernon said: 'By broadening our ownership base in this emerging region we will be better able to link our domestic and international clients.' CMN is controlled by its employees and a limited number of private investors and has offices in Canada, the USA, Mexico and several eastern European countries. Colliers Jardine chairman and director of Jardine Pacific Clive Schlee said: 'Colliers Jardine has enormous potential in the Asia Pacific region and will benefit greatly from Colliers Macaulay Nicolls' resources, expertise and connections.'