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Colliers International Group Inc. (CIGI) is a diversified professional services and investment management company headquartered in Canada. With a global presence in more than 400 offices across 65 countries, Colliers employs approximately 18,000 individuals dedicated to delivering comprehensive real estate services and investment management to corporate and institutional clients.
The company's primary service lines include Outsourcing & Advisory, Investment Management, Leasing, and Capital Markets. Colliers operates through four distinct segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and Australasia; and Investment Management. This operational structure allows Colliers to leverage regional expertise while maintaining a cohesive global strategy.
Recent achievements highlight Colliers' commitment to growth and market leadership. Notably, Sankey Prasad has expanded his leadership role to become Chairman and Managing Director for both India and the Middle East, further strengthening Colliers' presence in these key regions. Under Prasad's leadership, Colliers has diversified into new markets, developed cutting-edge technologies, and achieved significant year-over-year growth.
Financially, Colliers has demonstrated robust revenue growth, particularly in high-value recurring services. The company's annual revenues are approximately $4.3 billion, with $98 billion of assets under management. This financial strength supports Colliers' mission to maximize the potential of property and real assets, accelerating the success of clients, investors, and employees alike.
Colliers is also active in strategic acquisitions to bolster its capabilities and market reach. For example, the acquisition of key U.S. Northeast and Mid-Atlantic regions has enhanced Colliers' service offerings and client relationships in these areas.
Colliers' core values are reflected in its commitment to providing expert real estate and investment advice through a client-focused approach. The company continues to evolve in response to market trends, delivering innovative solutions that meet the diverse needs of clients worldwide.
With a strong leadership team and a clear vision for the future, Colliers remains a formidable player in the global real estate and investment management industry, consistently delivering value and driving growth for its stakeholders.
Colliers has announced the appointment of John Munday as the new CEO of Colliers UK, effective March 3, 2025. Munday, who joined Colliers in 2022 as Co-Head of Project & Building Consultancy, brings 30 years of industry expertise and will lead the UK business of over 1,000 employees.
He succeeds Tony Horrell, who is retiring after 14 years as CEO but will remain as non-executive chairman. Munday previously served as Co-Managing Director at Paragon before joining Colliers through a strategic partnership. Robert Perry will assume sole leadership of the Project & Building Consultancy service line following Munday's promotion.
Colliers International Group Inc. (TSX and NASDAQ: CIGI) has appointed John Sullivan to its Board of Directors, effective immediately. Sullivan brings over 30 years of real estate experience in acquisitions, dispositions, asset management, and development. He previously served as President and CEO of The Cadillac Fairview for 13 years until his retirement in 2023. His prior experience includes senior positions at Cadillac Fairview, Marathon Realty , and Brookfield Properties Sullivan currently serves on the board of MAF Properties and the Hospital for Sick Children.
Colliers International Group has announced a semi-annual cash dividend of US$0.15 per Common Share for both Subordinate Voting Shares and Multiple Voting Shares. The dividend will be payable on January 14, 2025 to shareholders of record as of December 31, 2024. The company confirmed this distribution aligns with their established dividend policy. For Canadian shareholders, this qualifies as an 'eligible dividend' for income tax purposes.
Colliers Engineering & Design has partnered with MG2 , a Seattle-based architecture and strategic planning firm. The partnership expands Colliers' presence in the U.S. Northwest and enhances its architectural capabilities. Founded in 1971, MG2 brings over 400 professionals across seven offices, specializing in retail, industrial, mixed-use, residential, food and beverage, and hospitality sectors. Under Colliers' partnership model, MG2's senior leadership will become significant shareholders in the combined business. The integration creates a national platform with over 3,000 employees across the U.S., offering enhanced consulting and design capabilities in every major region.
Colliers International Group has expanded and extended its unsecured multi-currency revolving credit facility to US$2.25 billion, up from US$1.75 billion. The new facility matures in November 2029, replacing the previous agreement due in May 2027. The expansion provides over $1 billion of capacity for new growth initiatives, with unchanged financial covenants. The transaction, led by Bank of Montreal and syndicated to 12 additional banks, ranks pari passu with Colliers' existing fixed rate senior notes maturing in 2028 and 2031.
Colliers (NASDAQ/TSX: CIGI) has been named World's Best Real Estate Advisor by the Euromoney Global Real Estate Awards. The company secured top rankings in 16 categories, including Best Real Estate Advisor titles in Asia Pacific and Europe, and Best Real Estate Agency in Latin America. This recognition builds upon their Best Global Agency win from the previous year, highlighting their excellence in real estate advisory and client service across global markets. The Euromoney Real Estate Awards recognize organizations demonstrating commercial success and commitment to technological advances and sustainability initiatives.
Colliers' 2025 Global Investor Outlook indicates renewed optimism in commercial real estate markets as asset values stabilize. The report predicts a more diverse market environment emerging across asset classes and investor bases, driven by subsiding inflation, lower interest rates, and improved economic outlook. Private investors, especially family offices and private equity funds, are expected to be among the most active buyers in 2025.
The report highlights strong interest across all sectors, with prime urban office assets attracting renewed attention and industrial/logistics remaining a major investment theme. Data centers are particularly sought after due to AI growth, though energy constraints pose challenges. Regional trends show rate cuts driving APAC transactions, growing demand for quality assets in EMEA, and declining rates boosting U.S. investments.
Colliers has appointed Jeroen Lokerse as CEO of the Netherlands, effective January 2025. Lokerse joins after a 17-year tenure at Cushman & Wakefield, where he most recently held a global product innovation role and previously served as Head of Netherlands. He will focus on accelerating strategic direction and growth of the Dutch business.
Concurrent with this appointment, current leader Dirk Bakker will transition to Head of Hotels, EMEA, leveraging his expertise to lead the European team of hotel specialists.
Colliers International Group reported strong Q3 2024 results with revenues reaching $1.18 billion, up 12% year-over-year. Adjusted EBITDA increased 7% to $154.6 million, while Adjusted EPS rose 11% to $1.32. The company has re-aligned its operating segments into three divisions: Real Estate Services, Engineering, and Investment Management. Engineering grew 21%, Capital Markets revenues increased 17%, and Assets Under Management reached $98.8 billion. The company completed strategic acquisitions including Englobe, GWAL, Pritchard Francis, and TTM, with recurring revenues now contributing over 70% of earnings.
Colliers (NASDAQ and TSX: CIGI) has been recognized by Forbes as one of the World's Best Employers 2024, marking its second consecutive appearance on this prestigious list. As the only global, full-service commercial real estate firm included, this recognition underscores Colliers' dedication to maintaining an exceptional workplace culture.
The Forbes recognition is based on an independent survey of 300,000 participants across 50+ countries, evaluating employers on workplace attributes including well-being, inclusivity, diversity, growth opportunities, and work-life balance. The company offers comprehensive professional development through mentorship programs, training initiatives, and employee resource groups.
Recent accolades for Colliers include IAOP Global Outsourcing 100, TIME World's Best Companies 2024, and Forbes Top Companies for Women 2023.
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