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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 announces acquisition of Antirion SGR S.p.A. to enhance its European investment platform. The deal, involving one of Italy's largest real estate investment management firms, aims to expand Colliers Global Investors’ reach and services. Antirion, with over €3.8 billion AUM, will be rebranded post-acquisition. The collaboration is expected to yield significant benefits for both firms' clients, offering access to a diverse array of investment products.
The agreement is set to close in early 2022, pending customary conditions.
Colliers (NASDAQ and TSX: CIGI) has entered into a partnership agreement with Bergmann, an engineering and design firm, enhancing its Colliers Engineering & Design unit's capabilities and expanding its geographic reach into the Midwest. This collaboration will allow Bergmann's leadership to continue operations while becoming significant shareholders in the combined business. The transaction, expected to close in Q4 2021, aligns with Colliers’ strategy to build scale and strengthen service offerings in the engineering and consulting sector, aiming to capitalize on U.S. infrastructure needs.
Colliers has launched the Harrison Street Canada Alternative Real Estate Fund, achieving its first closing with over CAD$550 million for investments in senior living, student housing, and more. This fund aims to leverage demographic trends in Canada, reflecting similar patterns seen in the U.S. and Europe, where alternative real estate is underdeveloped. The firm plans to introduce innovative investment strategies, supported by partnerships with local developers and operators, enhancing its market presence in Canada.
Colliers (NASDAQ, TSX: CIGI) has appointed Andy Zeng as Managing Director in Guangzhou, effective immediately. Zeng, previously the General Manager for Cultural & Leisure Operations in China, has a strong background in real estate and has secured multiple project wins. His new role focuses on driving business growth through diverse market strategies and enhancing team expertise. Under Zeng’s leadership, Colliers aims to capitalize on opportunities in the economically vibrant Guangdong-Hong Kong-Macau Greater Bay Area.
Colliers International Group (CIGI) reported strong Q2 2021 results, with revenues of $946 million, a 72% increase year-over-year. Adjusted EBITDA reached $136.6 million, up 128%, and adjusted EPS was $1.58, a 126% rise compared to the previous year. However, GAAP operating losses were $385.8 million, influenced by a $471.9 million settlement with its CEO. The company also announced a private placement of Senior Notes to enhance its liquidity, raising its full-year financial outlook based on positive momentum across service lines.
Colliers International Group (CIGI) announced a note purchase agreement to issue US$150 million of 3.02% notes and €125 million of 1.52% notes, both due in 2031. The total issuance of approximately US$300 million will be utilized for general corporate purposes and to reduce borrowings under its revolving credit facility. This financing reinforces Colliers' strong balance sheet, increasing its liquidity to over US$1 billion. The notes rank equally with existing senior unsecured debt and aim to secure long-term financing at favorable rates.
Ramesh Nair has been appointed as the Chief Executive Officer for India and Managing Director of Market Development for Asia at Colliers (NASDAQ: CIGI), effective immediately. Previously with JLL India, he brings extensive industry experience, having led over 12,000 employees. Nair aims to enhance client relationships and expand services beyond India. His leadership is expected to accelerate Colliers' growth in one of the fastest-growing economies, aligning with the company's focus on client success and strategic acquisitions.
Colliers International Group (NASDAQ: CIGI) announced its intention to initiate a normal course issuer bid (NCIB) for up to 3.2 million subordinate voting shares, representing 9.7% of its public float. The NCIB will commence on July 20, 2021, and end no later than July 19, 2022. Purchases may occur through the TSX, alternative Canadian Trading Systems, or Nasdaq, with a daily limit of 13,400 shares. Colliers aims to buy back shares if deemed advantageous for corporate funds. This follows a previous NCIB that expires on July 19, 2021.
Colliers International Group (CIGI) will release its second-quarter results on August 4, 2021, at 7:00 AM ET. The company will host a conference call at 11:00 AM ET on the same day, featuring Jay S. Hennick and Christian Mayer. Interested parties can join by dialing 1-877-402-8911 or 1-707-927-4894 for international calls, using conference ID #4461988. A rebroadcast will be available for 90 days. Colliers operates in 66 countries with annual revenues of $3.0 billion and provides investment management services.
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