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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 (CIGI) anticipates global real estate market stabilization by mid-2023 after a volatile year driven by geopolitical tensions and uneven monetary policy. Although pricing resets are evident in the UK and US, outcomes will vary by sector and region. Investor interest is expected to rise as central banks halt rate hikes, while liquidity and sustainability are shaping opportunities in distressed markets. Key investor challenges include rising interest rates, inflation, and supply chain issues, which are heightening operational costs and impacting investment strategies.
Colliers International Group (CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, payable on January 13, 2023. Shareholders of record by December 30, 2022 will receive this dividend, which qualifies as an eligible dividend for Canadian tax purposes. Colliers operates in 63 countries and reported annual revenues of US$4.6 billion with US$92 billion in assets under management, demonstrating a strong commitment to shareholder returns.
Colliers (NASDAQ and TSX: CIGI) has announced the acquisition of a majority stake in Belsquare, a prominent Belgian commercial real estate advisor. This move enhances Colliers' presence in the Benelux region, merging Belsquare's operations with Colliers Belgium, which will now operate with over 70 professionals. The acquisition aims to provide a comprehensive suite of services including capital markets advisory and property management. Senior management from Belsquare will lead the new entity while retaining a significant equity stake, aligning with Colliers’ partnership model.
Colliers Acquires Majority Stake in BelSquare
On December 6, 2022, Colliers (NASDAQ: CIGI) announced its acquisition of a majority interest in BelSquare SRL, a Belgium real estate advisory firm. This strategic move combines BelSquare's team with Colliers’ established Belgium operations, creating a combined workforce of 70 professionals. The acquisition is aimed at enhancing service offerings in Agency, Capital Markets, and Occupier Services. Leadership will be under the co-heads from BelSquare, and the integration is expected to significantly boost revenue and market presence.
Colliers Acquires Pangea Property Partners to Strengthen Nordic Operations
On December 2, 2022, Colliers (CIGI) announced the acquisition of Pangea Property Partners, enhancing its service capabilities in Norway and Sweden. The merger results in a Nordic region team of over 550 professionals, including 80 capital markets experts, making Colliers the market leader. Key leaders from both companies will oversee the new structure, with Bård Bjølgerud as CEO of Colliers Nordics. This strategic move aims to leverage Colliers’ global platform for improved service delivery to clients across the region.
Colliers (CIGI) has successfully acquired a controlling stake in Pangea Property Partners, a prominent capital markets advisor in Sweden and Norway. This strategic transaction aims to enhance Colliers' market dominance in the Nordic region, merging Pangea with existing operations in Sweden. The acquisition strengthens Colliers' footprint in Northern Europe, complementing its established presence in Denmark and Finland. With this move, Colliers is poised to leverage Pangea's expertise to drive growth and client success.
Colliers International Group (CIGI) reported strong third-quarter results for 2022, with revenues of $1.11 billion, up 8% year-over-year. Adjusted EBITDA rose 17% to $145.1 million, and adjusted EPS increased by 11% to $1.41. Year-to-date revenues were $3.24 billion, up 18%, with adjusted EPS at $4.69, up 20%. The company noted solid performances in Outsourcing & Advisory and Investment Management, despite softness in Capital Markets due to geopolitical uncertainties. Recent acquisitions are expected to drive further growth. GAAP EPS was $0.27 compared to $0.40 in the prior year.
Colliers International Group Inc. (CIGI) announced that its third-quarter financial results for the period ending September 30, 2022, will be released on November 1, 2022, at 7:00 am ET. The company will host a conference call to discuss these results at 11:00 am ET, featuring Jay S. Hennick, Global Chairman & CEO, and Christian Mayer, CFO. Participants can pre-register for access to dial-in numbers and a personal PIN. Colliers has a strong track record with annual revenues of $4.5 billion and a 20% annual return for shareholders over 27 years.
Colliers (CIGI) has announced its acquisition of a controlling interest in Arcadia Management Group, a prominent commercial real estate property management firm in the Southwest U.S. Founded in 1986, Arcadia manages over 60 million square feet across 24 states. The partnership will allow Arcadia to leverage Colliers' global capabilities for enhanced client service. This strategic acquisition strengthens Colliers' position as a leading property management firm in a fast-growing market, with annual revenues of $4.5 billion and significant inside ownership driving strong investment returns.
On October 12, 2022, Colliers (NASDAQ and TSX: CIGI) completed its acquisition of a controlling interest in Versus Capital, a U.S. alternative real asset management firm managing over $6 billion in assets. This strategic move strengthens Colliers’ global wealth distribution capabilities, increasing its total assets under management to $87 billion. Colliers operates in 63 countries and employs 17,000 professionals, achieving $4.5 billion in annual revenues and a notable 20% compound annual return for shareholders over 27 years.
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