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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 signed a definitive agreement to acquire a 65% stake in Rockwood Capital, a prominent US real estate investment firm managing over $12 billion in assets. The transaction, expected to close in Q3 2022, aims to diversify Colliers’ investment management platform by adding new asset classes and strategies, particularly in real estate credit. Colliers anticipates an annual management fee revenue run rate between $70 million and $75 million, significantly boosting its operating results and aligning with its growth strategy to enhance investor offerings.
Colliers International Group (CIGI) reported a strong financial performance for Q1 2022, with revenues reaching $1 billion, a 29% increase from the previous year. Adjusted EBITDA climbed to $121.5 million (+32%), while adjusted EPS rose to $1.44 (+38%). However, GAAP operating earnings were $40.8 million, reflecting a $26.1 million loss from the disposal of Russian operations. Leadership changes include Chris McLernon as CEO of Real Estate Services, and the company is actively pursuing acquisitions, totaling over $400 million this year, enhancing service line diversification.
Colliers has announced the appointment of Chris McLernon as CEO of Real Estate Services| Global, effective July 1, 2022. McLernon, who has been with the company since 1987, will focus on growth and operational excellence. He previously led the EMEA region, where he grew revenues from $30 million to over $700 million. Davoud Amel-Azizpour, the current CFO of EMEA, will succeed him as CEO of that region. The transitions aim to enhance Colliers’ leadership and support ambitious growth plans.
On April 5, 2022, Colliers International Group (CIGI) held its annual shareholder meeting, where all ten director nominees were successfully elected. Notably, Peter F. Cohen received 91.45% approval. Additionally, shareholders approved PricewaterhouseCoopers as the auditor, an amendment to the stock option plan adding 1,000,000 shares, and a non-binding advisory resolution on executive compensation. Colliers operates in 62 countries, reporting annual revenues of $4.1 billion and managing over $50 billion in assets.
Colliers (NASDAQ, TSX: CIGI) has completed two significant acquisitions in Italy: Colliers Italy, a full-service commercial real estate firm, and Antirion SGR, a leading real estate investment management company. This strategic move strengthens their position in a vital European market. Senior leadership from both firms will maintain operations and significant ownership under Colliers’ partnership model. Antirion will transition to Colliers Global Investors Italy following the closure of the deal.
Colliers International Group (CIGI) will hold its Annual & Special Meeting of Shareholders virtually on April 5, 2022, at 11:00 am ET, allowing attendees to vote and ask questions online. The first quarter 2022 financial results are set to be released on May 3, 2022, at 7:00 am ET, followed by a conference call at 11:00 am ET hosted by CEO Jay S. Hennick and CFO Christian Mayer. Shareholders are encouraged to log in early for the meeting and use provided control numbers for voting.
Colliers (CIGI) has announced the acquisition of KFW Engineers & Surveying, a San Antonio-based civil engineering firm, to enhance its Engineering & Design business unit's capabilities in Texas. The integration aims to capitalize on the region's rapid population growth. KFW's leadership will become significant shareholders in the CED platform and lead growth initiatives. This acquisition follows a record growth year for Colliers, and KFW's team brings valuable market knowledge and client relationships to the table.
Colliers, a leading professional services and investment management company, has condemned the Russian invasion of Ukraine and ceased operations in Russia and Belarus after 28 years. The company expresses sorrow for the humanitarian crisis, asserting its commitment to supporting affected colleagues. Colliers has made significant donations to the Ukraine Crisis Appeal and is matching employee contributions through its Colliers Crisis Fund. With annual revenues of $4.1 billion, Colliers aims to maximize support for those in need amidst the ongoing conflict.
Colliers Acquires Market-Leading Operations in the Midwest
On March 7, 2022, Colliers (CIGI) announced the acquisition of Colliers Greater Cincinnati and Colliers Cleveland, enhancing its presence in key Midwestern markets. This strategic move allows for increased service capabilities and resources under Colliers’ brand. Established in 1958, Colliers Cincinnati has been a prominent commercial real estate firm, now encompassing over 100 professionals. The acquisition aligns with Colliers' growth strategy, targeting Cincinnati and Cleveland's robust economies and educated workforce to capitalize on new opportunities.
BCS Data Center Operations has launched the BCS Mission Critical Academy, an initiative aimed at addressing the industry's workforce shortage by training skilled data center operators. The program targets entry-level candidates from various backgrounds, including military personnel, and aims to create a strong talent pipeline. A new 20,000-square-foot technical training center will facilitate hands-on training. The academy responds to a global demand for skilled workers amidst an aging workforce and emphasizes diversity by targeting underrepresented groups in the tech industry.
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