Colliers International Group Inc. reports news on a global professional services and investment management business operating through Commercial Real Estate, Engineering and Investment Management. Its real estate services include transaction support, property management, valuation and advisory work, loan servicing, engineering and project management, and related services across the asset lifecycle.
Recurring updates cover operating and financial results, shareholder meeting matters, capital-structure activity, debt financing and credit-facility amendments, acquisitions that expand regional service capabilities, and governance actions such as director elections, auditor appointments and equity compensation plan approvals.
Colliers International Group (CIGI) announced that its third-quarter financial results will be released on November 2, 2021, at 7:00 AM ET. A conference call will follow at 11:00 AM ET, hosted by Chairman & CEO Jay S. Hennick and CFO Christian Mayer. Participants can join via toll-free numbers or through the corporate website. Colliers operates in 66 countries and manages $45 billion in assets, reporting annual revenues of $3.3 billion. The company has consistently delivered nearly 20% annual investment returns for shareholders over the past 25 years.
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Colliers (CIGI) has entered a strategic partnership with BCS Data Center Operations to enhance data center management services across North America. This collaboration aims to meet the increasing demand for data center services by offering a comprehensive range of management solutions, including property management, IT services, and physical security. The partnership reflects a commitment to delivering unique management solutions to data center operators. Colliers emphasizes the potential for a full lifecycle of management services, enhancing operational efficiency and client satisfaction.
Bass, Berry & Sims is relocating its headquarters to Nashville Yards, occupying around 180,000 square feet in a new 35-story office tower. This move supports their commitment to Nashville's growth, as emphasized by managing partner Todd Rolapp. The tower will feature enhanced energy efficiency and amenities, serving as both a corporate space and a hub for Pinnacle Financial Partners. With a history of representing Fortune 500 companies, the firm aims to solidify its presence and commitment to the local community.
Colliers International Group (CIGI) announced the successful closure of a private placement of notes totaling US$150 million at 3.02% due in 2031 and €125 million at 1.52% also due in 2031. These notes will rank equally with existing senior unsecured credit facilities. Proceeds will be used for general corporate purposes and to reduce existing borrowings. Importantly, the notes are not registered under US securities laws, limiting their marketability.
With over 15,000 professionals across 66 countries, Colliers aims to maximize property potential and accelerate client success.
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.