Real estate entrepreneur and long-time industry advisor Sankey Prasad has acquired 100% ownership of the Colliers Project Leaders (CPL) Middle East business, marking a significant strategic shift for one of the region’s well-regarded project management and development advisory firms. Following the acquisition, Prasad has assumed the role of chairman of the newly independent entity, according to Hindus Times, sources familiar with the development.
The buyout also signals the beginning of a new global chapter under Prasad’s leadership. The firm is currently in advanced-stage discussions with a leading global private equity investor for a strategic partnership—an indication of strong institutional confidence in its growth potential right from inception, the sources said.
This development comes on the heels of Prasad’s complete exit from Colliers India and Colliers Project Leaders, where he served as chairman and managing director. His departure ends a long association with the Colliers brand, during which he played a pivotal role in scaling its project management offerings across India and the Middle East.
Prior to the acquisition, Prasad owned 30% of CPL Middle East. By purchasing the remaining 70% equity, he now holds full ownership of the business. CPL Middle East has long been viewed as a crucial business segment within Colliers International, having delivered major project management and development advisory mandates across the Gulf and wider region.
New Independent Entity to Operate Under Prasad
With full private ownership secured, the restructured company will now operate as an independent, privately run entity under Prasad’s leadership. The move unlocks greater strategic flexibility, allowing the firm to respond more rapidly to emerging opportunities in a region witnessing unprecedented real estate, infrastructure, and capital investment.
Industry watchers say the transition will enable the firm to be “far more nimble” in addressing the Middle East’s evolving development landscape, spanning mixed-use townships, hospitality assets, industrial parks, commercial towers, logistics hubs, and large capital projects.
The company should maintain the continuity of clients, employees, and ongoing projects, even after the change of ownership. The company is going to be repositioned for a more vibrant and market-driven growth under Prasad's leadership,
CPL Middle East remains a major player in the region after more than 30 years and is recognized for its solid project management expertise, which is believed to be the basis for the next phase of the company. A private equity investment in the company, as a result of the due diligence process, is likely to lead to a rapid expansion in the main Gulf markets, according to industry insiders.
By taking full control of the business, Sankey Prasad has effectively laid the groundwork for a new chapter of independent global growth, one that leverages the region’s dynamic real estate pipeline and rising demand for expert advisory services.
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