Colliers Intl Group Inc Stock Price, News & Analysis

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.

On October 3, 2022, Colliers International Group (NASDAQ: CIGI) announced the implementation of an Automatic Share Purchase Plan (ASPP) as part of its Normal Course Issuer Bid (NCIB) for buying back its subordinate voting shares. This plan allows Colliers to make share purchases during blackout periods, adhering to TSX regulations, starting October 3, 2022, and ending on October 28, 2022. The NCIB, which began on July 20, 2022, is set to conclude no later than July 19, 2023. All shares purchased under the ASPP will count towards the NCIB total.

Colliers (CIGI) announces acquisition of Pangea Property Partners. This agreement will enhance Colliers' operations in Sweden and Norway, merging Pangea's expertise in capital markets advisory with Colliers’ existing services. The combined entity will employ over 80 professionals, offering comprehensive services including leasing, sales brokerage, and project management. This acquisition positions Colliers as a dominant player in the Nordic region, building on its existing leadership in Denmark and Finland. The financial terms were not disclosed.