FirstService Grows Into the UK to Drive Expansion in Europe

TORONTO, Oct. 29, 2009 (GLOBE NEWSWIRE) -- FirstService Corporation
(Nasdaq:FSRV) (TSX:FSV) (TSX:FSV.PR.U) today announced the completion of its
purchase of a 29.99% interest in London-based Colliers CRE plc (AIM:COL), a
leading commercial real estate consultancy service practice group with
operations in the United Kingdom, Ireland and Spain. The terms of the
transaction were not disclosed. All dollar amounts noted are in U.S. dollars.

Colliers CRE provides a broad range of real estate consultancy services
including agency, valuation, property management, building consultancy and
general consultancy to both UK and international clients. These services are
delivered through specialist line teams which work closely together to provide
integrated service. The Colliers CRE services are highly complementary to
FirstService's current portfolio of services in Europe.

The significant ownership stake in Colliers CRE establishes FirstService's
commercial real estate services platform in Europe's preeminent financial center
which will drive expansion of the company's diversified portfolio of services in
global markets. Colliers CRE is a leading player in commercial real estate
services in the UK and trusted advisor to many multinational companies based in
London and throughout the UK.

FirstService Real Estate Advisors also leads the $1.8 billion "Colliers
International" global partnership operating in 61 countries around the world.
FirstService Real Estate Advisors, including Colliers International, is the
third largest commercial real estate services firm in the world.

"Becoming the largest shareholder of Colliers CRE was a key strategic move
providing us with an important new hub in London while strengthening our ability
to deliver the highest quality real estate advisory and transaction services to
our multinational clients. Our investment in Colliers CRE will significantly
enhance deal flow to our other operations globally including Colliers
International, FirstService Real Estate Advisors and our other family of leading
commercial real estate services," said Doug Frye, Chairman of Colliers
International and President and CEO of FirstService Real Estate Advisors.

"The investment in Colliers CRE further demonstrates our commitment to build
competitive advantage in global markets during this time of opportunity and
highlights the attractiveness of our proven partnership model in partnering with
talented entrepreneurial teams in the real estate services sector," said Jay S.
Hennick, Founder and CEO of FirstService.

About FirstService

FirstService is a global diversified leader in the rapidly growing real estate
services sector, providing services in the following three areas: commercial
real estate; residential property management; and property services.
Industry-leading service platforms include: FirstService Real Estate Advisors
and Colliers International, the third largest global player in commercial real
estate; FirstService Residential Management, the largest manager of residential
communities in North America; and TFC, North America's largest provider of
property services through franchise and contractor networks.

FirstService is a diversified property services company with over US$1.7 billion
in annualized revenues and more than 18,000 employees worldwide. More
information about FirstService is available at www.firstservice.com.

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CONTACT: FirstService Corporation
Jay S. Hennick, Founder & CEO
Douglas Frye, President & CEO, FirstService Real Estate
Advisors & Chairman of Colliers International
John B. Friedrichsen, Senior Vice President & CFO
(416) 960-9500