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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 International Group (CIGI) reported strong Q3 2021 results, with revenues reaching $1.02 billion, a 48% increase year-over-year. Adjusted EBITDA rose to $123.6 million, up 34%, while adjusted EPS was $1.27, an 18% increase. For the first nine months, revenues grew 46% to $2.74 billion. However, GAAP operating loss was $269.9 million, largely due to a $471.9 million settlement with the CEO. The company aims to double profitability by 2025, supported by significant acquisitions and strong investment management growth.
Colliers (NASDAQ and TSX: CIGI) has successfully integrated Bergmann, a leading engineering, architecture, and design firm based in the Northeast and Midwest U.S. This acquisition is part of Colliers Engineering & Design's strategy to enhance its service offerings and diversify revenue streams. Bergmann's leadership will remain in place, continuing to manage operations while retaining significant equity in the combined entity.
The rebranding of Bergmann under Colliers Engineering & Design is expected to occur in the latter half of 2022, further solidifying Colliers' market position.
Colliers (CIGI) has announced the acquisition of a controlling interest in Colliers Italy, enhancing its operations in Europe.
The acquisition includes Colliers International Italia, Colliers Real Estate Services Italia, and Colliers Real Estate Management Services Italia, previously affiliated operations. This strategic move aims to bolster service capabilities and utilize Colliers' extensive resources, with expected revenues of approximately €16 million for 2021. The deal is anticipated to close in Q1 2022, pending customary conditions.
Colliers has announced the acquisition of a controlling interest in Colliers Italy, enhancing its foothold in key European markets like Milan and Rome. The deal involves current shareholders retaining equity interests, promoting a partnership model. Colliers Italy, founded in 1996, is expected to generate approximately €16 million in revenue for 2021. The acquisition aims to leverage Colliers' resources to expand service capabilities in the Italian real estate sector. The deal is subject to customary closing conditions and is set to finalize in Q1 2022.
Colliers (NASDAQ and TSX: CIGI) has unveiled its Enterprise ’25 growth strategy, aiming to more than double profitability by 2025. The company targets revenue of $5.6 billion, adjusted EBITDA of $830 million, and adjusted EPS of $8.40, with at least 65% of adjusted EBITDA from recurring revenue. To achieve these goals, Colliers will emphasize six growth pillars: building scale, strategic acquisitions, expanding client relationships, enhancing culture, amplifying the brand, and technological innovation. This strategy is expected to significantly enhance shareholder value.
Colliers International Group (CIGI) announced that its third-quarter financial results will be released on November 2, 2021, at 7:00 AM ET. A conference call will follow at 11:00 AM ET, hosted by Chairman & CEO Jay S. Hennick and CFO Christian Mayer. Participants can join via toll-free numbers or through the corporate website. Colliers operates in 66 countries and manages $45 billion in assets, reporting annual revenues of $3.3 billion. The company has consistently delivered nearly 20% annual investment returns for shareholders over the past 25 years.
Colliers (CIGI) has entered a strategic partnership with BCS Data Center Operations to enhance data center management services across North America. This collaboration aims to meet the increasing demand for data center services by offering a comprehensive range of management solutions, including property management, IT services, and physical security. The partnership reflects a commitment to delivering unique management solutions to data center operators. Colliers emphasizes the potential for a full lifecycle of management services, enhancing operational efficiency and client satisfaction.
Bass, Berry & Sims is relocating its headquarters to Nashville Yards, occupying around 180,000 square feet in a new 35-story office tower. This move supports their commitment to Nashville's growth, as emphasized by managing partner Todd Rolapp. The tower will feature enhanced energy efficiency and amenities, serving as both a corporate space and a hub for Pinnacle Financial Partners. With a history of representing Fortune 500 companies, the firm aims to solidify its presence and commitment to the local community.
Colliers International Group (CIGI) announced the successful closure of a private placement of notes totaling US$150 million at 3.02% due in 2031 and €125 million at 1.52% also due in 2031. These notes will rank equally with existing senior unsecured credit facilities. Proceeds will be used for general corporate purposes and to reduce existing borrowings. Importantly, the notes are not registered under US securities laws, limiting their marketability.
With over 15,000 professionals across 66 countries, Colliers aims to maximize property potential and accelerate client success.
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