Welcome to our dedicated page for Colliers Intl Group news (Ticker: CIGI), a resource for investors and traders seeking the latest updates and insights on Colliers Intl Group stock.
Colliers International Group Inc. (CIGI) is a global diversified professional services and investment management company listed on NASDAQ and the Toronto Stock Exchange. This news page aggregates company-issued announcements and other coverage related to its activities across Real Estate Services, Engineering and Investment Management.
Readers can expect updates on Colliers’ quarterly and annual financial results, including press releases furnished on Form 6-K and associated conference calls. These communications often discuss segment performance in Real Estate Services, Engineering and Investment Management, revenue trends, recurring earnings, and commentary from senior leadership on business conditions and outlook.
The news flow for Colliers also features corporate actions and strategic developments. Examples include announcements of acquisitions such as Greenhill Engineers Pty Ltd by Colliers Engineering & Design Australia, the rebranding of its investment management division to Harrison Street Asset Management, and partnerships like the multi-year technology transformation initiative with Google Cloud to support analytics and AI-driven tools.
In addition, Colliers’ news highlights industry recognition and research. The company has reported being named the World’s Best Real Estate Adviser by Euromoney’s Global Real Estate Awards and has released its own 2026 Global Investor Outlook, which summarizes investor sentiment and capital flows in global real estate markets based on Colliers’ proprietary research.
Investors and observers who follow CIGI news can use this page to monitor dividend declarations on Subordinate and Multiple Voting Shares, leadership appointments, technology initiatives, and developments within the Harrison Street Asset Management platform. Regular visits help track how Colliers’ three platforms evolve, how it expands geographically, and how management describes the company’s strategy and market environment over time.
Colliers International Group (CIGI) announced a normal course issuer bid (NCIB) for up to 3,500,000 subordinate voting shares, representing 9.85% of its public float. The NCIB will commence on July 20, 2022, and end by July 19, 2023. The company plans to purchase shares through the TSX and NASDAQ at market prices, with daily limits set based on trading volumes. Colliers had previously authorized a similar NCIB, under which it purchased 999,439 shares. The firm's strategic approach aims to use corporate funds effectively to benefit shareholders.
Colliers International Group (CIGI) is set to release its second-quarter financial results for the period ending June 30, 2022, on August 3, 2022, at 7:00 AM ET. A conference call to discuss these results will occur at 11:00 AM ET the same day, featuring CEO Jay S. Hennick and CFO Christian Mayer. Participants must pre-register for dial-in details. Colliers, with operations in 62 countries and annual revenues of $4.3 billion, aims to maximize client and investor success while boasting a 20% compound annual return for shareholders over 27 years.
Colliers (NASDAQ and TSX: CIGI) has completed its investment in Rockwood Capital, LLC, a prominent U.S. real estate investment firm managing over $12 billion in assets. This strategic move aims to enhance Colliers' investment management capabilities. Rockwood serves over 130 institutional investors, having invested more than $36 billion in real estate since inception. With a strong focus on maximizing property value, Colliers boasts annual revenues of $4.3 billion and $77 billion in assets under management.
Colliers (CIGI) has announced its agreement to acquire a 75% stake in Versus Capital, a U.S. alternative real asset management firm managing approximately $6 billion in assets. This deal, expected to finalize in Q4 2022, aims to enhance Colliers' private wealth distribution capabilities. With an annual management fee revenue projected between $75-80 million and Adjusted EBITDA of $40-45 million following the acquisition, Colliers is positioning itself for growth within the private wealth market. This strategic partnership intends to leverage Versus' investment solutions and Colliers' diverse platform.
The Jefferson Institute for Bioprocessing (JIB) and Plymouth Group announced the relocation of JIB’s biotechnician training program to Budd Bioworks in Philadelphia. This partnership aims to enhance the life science workforce in the region, supporting the development of therapies in 'Cellicon Valley.' JIB will provide training services both remotely and on-site, focusing on various biopharmaceuticals and biologics. This initiative is expected to spur economic opportunity and address the growing demand for bioprocessing talent. Budd Bioworks will serve as a hub for innovation and manufacturing in life sciences.
Colliers (CIGI) has successfully completed its strategic investment in Basalt Infrastructure Partners LLP, enhancing its position in the infrastructure investment sector. This investment management firm oversees over $8.5 billion in assets across essential utilities, power, transport, and communication infrastructures in North America and Europe. With $65 billion in assets and $4.3 billion in annual revenue, Colliers aims to leverage this acquisition to provide superior real estate and investment advice, pursuing long-term growth and shareholder value.
Colliers (CIGI) released its 2021 Global Impact Report, detailing commitments to ESG strategies. Key achievements include managing 110 million square feet of green-certified properties and 39% female representation in the workforce. The report outlines ambitious targets, such as achieving net zero emissions by 2030 and increasing the share of female employees to 40% by 2025. Colliers emphasizes its role in promoting a sustainable and inclusive built environment for clients and communities.
Colliers International Group has enhanced its financial capabilities by extending its unsecured multi-currency revolving credit facility to $1.5 billion, maturing in May 2027. This marks an increase from the previous $1.0 billion and supports the company's growth and acquisition strategies. The sustainability-linked facility aligns with Colliers' ESG goals, focusing on reducing greenhouse gas emissions, enhancing female representation in management, and obtaining WELL Health-Safety certification. The credit facility was supported by eleven major banks, reflecting their confidence in Colliers.
Colliers International Group (CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, payable on July 14, 2022. Shareholders of record as of June 30, 2022 will be eligible for this dividend, which is considered an 'eligible dividend' for Canadian income tax purposes. With an annual revenue of US$4.3 billion and US$57 billion in assets under management, Colliers operates in 62 countries with a strong focus on real estate and investment services.
Colliers (CIGI) announced the acquisition of a majority interest in Paragon Building Consultancy, a leading UK building consultancy and project management firm. This merger aims to enhance Colliers’ project management capabilities in the UK and Europe. Paragon's management team will lead the integrated operations while retaining significant equity. With a workforce of 150 professionals, Paragon specializes in building surveying and environmental assessments. The acquisition is expected to strengthen Colliers’ service offerings and client reach, aligning with its growth strategy in the region.