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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 announced the election of nine director nominees during its annual and special meeting held on April 14, 2021. All nominees were elected with significant majority votes. Key decisions included the appointment of PricewaterhouseCoopers LLP as the auditor and an amendment to the stock option plan allowing the issuance of an additional 1,000,000 Subordinate Voting Shares. Shareholders also approved the transaction related to the Management Services Agreement, securing a timeline for the elimination of the dual-class voting structure by September 1, 2028.
Colliers (NASDAQ, TSX: CIGI) announced the launch of its first annual Global Impact Report, emphasizing its commitment to environmental, social, and corporate governance (ESG) practices. The report highlights initiatives addressing environmental sustainability, community engagement, and ethical corporate governance. CEO Jay Hennick expressed the importance of these themes in shaping the company's operations and future. Colliers plans to conduct a materiality assessment to develop a comprehensive ESG strategy with measurable targets, aiming to create transformative change for clients and communities.
On April 7, 2021, Colliers (NASDAQ: CIGI) announced the appointment of Daniel Gorosch as the new CEO of its Swedish operations, succeeding Dan Törnsten, who shifts to the role of Chairman. Gorosch, with over 25 years of experience in real estate, previously served as the Managing Director at JLL Sweden and is the Founder of Harvesta Fastigheter. The leadership transition is expected to enhance growth in Sweden, a key market in EMEA, leveraging strong economic conditions and occupier confidence.
Colliers International Group Inc. (CIGI) has announced its upcoming Annual & Special Meeting of Shareholders, scheduled for April 14, 2021, to be held virtually in response to the COVID-19 pandemic. Shareholders can attend via live webcast and will have opportunities to ask questions and vote online.
Additionally, the Company will release its first quarter results on May 4, 2021, accompanied by a conference call at 11:00am ET featuring leadership. This meeting highlights Colliers' ongoing commitment to safety and shareholder engagement amidst current health concerns.
Colliers has expanded its Project Leaders service in the Middle East and North Africa (MENA), enhancing its project management and infrastructure advisory capabilities. This move aims to support government and private sector projects by offering services like alternative financing and Project Management Offices. CEO Chris McLernon highlighted the team's expertise, while Vice President Yamin Shihab noted the importance of proven project certainty. Colliers has completed over 15,000 global projects and was recently awarded for innovation in project management.
Colliers Engineering & Design has acquired Bolton Perez & Associates, a Miami-based transportation engineering firm, enhancing its capabilities in the Florida market. This acquisition marks a strategic expansion for Colliers E&D, aimed at building a leading engineering practice across the U.S. Founded in 1997, BPA specializes in transportation and bridge design, employing over 30 professionals. The terms of the deal remain undisclosed. This move aligns with Colliers' partnership model promoting growth and operational synergies.
Colliers International Group (CIGI) announces an agreement involving Chairman and CEO Jay S. Hennick to settle the Management Services Agreement and its associated long-term incentive arrangement. Hennick, holding 14.7% of Subordinate Voting Shares, supports this transaction aimed at eliminating the dual-class voting structure by 2028. The agreement, subject to shareholder approval on April 14, 2021, includes cash and share compensation. The transaction is expected to enhance shareholder value, providing the company with more flexibility in future capital endeavors.
Colliers (NASDAQ, TSX: CIGI) announced the rebranding of its subsidiary Maser Consulting to Colliers Engineering & Design, enhancing alignment with its global brand. Founded in 1984, Colliers Engineering & Design has over 1,000 professionals across 36 U.S. offices, providing multi-discipline engineering and consulting services. This transition aims to expand service capabilities and optimize client project outcomes, leveraging Colliers' renowned platform and resources. The company emphasizes its partnership philosophy and decentralized management style, positioning for continued growth in the evolving market.
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