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. (NASDAQ/TSX: CIGI) maintains this dedicated news hub for stakeholders tracking developments in global real estate services, engineering consulting, and investment management. Our curated collection features official press releases, strategic announcements, and market analyses related to Colliers' operations across 65+ countries.
Investors and industry professionals will find timely updates on earnings reports, acquisition activity, leadership changes, and sustainability initiatives. The archive organizes content by Colliers' core business segments: Real Estate Services (transaction advisory, property management), Engineering (infrastructure consulting), and Investment Management (alternative asset strategies).
This resource serves as a comprehensive reference for understanding Colliers' market positioning through verified corporate communications. Users can monitor operational milestones, partnership developments, and industry recognition while avoiding promotional commentary. Bookmark this page to maintain awareness of Colliers' global initiatives and their impact on commercial real estate markets.
Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) announced that Tony Horrell, the CEO of the UK and Ireland, will retire in 2025. Tony has had a 42-year career in real estate and joined Colliers in 2010. Under his leadership, the UK and Ireland business expanded significantly, growing to over 1,000 employees and diversifying across transactional and advisory services. Colliers has begun the search for a new CEO, and Tony will remain in his position until a successor is appointed. Tony expressed pride in the company's achievements and looks forward to assisting in the transition and maintaining strategic client relationships in 2025.
Colliers (NASDAQ and TSX: CIGI) released its fourth annual Global Sustainability Report, highlighting significant 2023 achievements. Key points include a 24.8% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline, validation of emissions targets by the Science Based Targets initiative, and an increase in women in management roles to 33.5%. The report also notes that 35% of Colliers offices larger than 2,500 sq. ft. achieved a WELL Health-Safety rating, a significant rise from 10% in 2022. Additionally, the company tripled its electric vehicle fleet and contributed 5,819 volunteer days. Colliers emphasizes that these efforts, amidst economic and geopolitical uncertainty, will accelerate success and create value for stakeholders.
Colliers (NASDAQ, TSX: CIGI) announced its acquisition of Englobe , a Canadian engineering firm, for approximately $475 million. Englobe, based in Laval, Québec, has 2,800 professionals providing civil, geotechnical, and environmental engineering services. In 2023, Englobe generated $340 million in revenue. The acquisition aims to expand Colliers' presence in Canada's engineering market. The transaction, excluding Englobe's operations in the UK, France, and Canada, will be finalized in Q3 2024. Englobe will rebrand as Colliers in 2025, with its senior leadership staying on board.
Colliers International Group (TSX and NASDAQ: CIGI) has declared a semi-annual cash dividend of US$0.15 per Common Share, including both Subordinate Voting Shares and Multiple Voting Shares. This announcement aligns with Colliers' dividend policy.
The dividend is payable on July 12, 2024, to shareholders on record as of June 28, 2024. Additionally, the dividend is categorized as an 'eligible dividend' for Canadian income tax purposes.
Colliers International Group Inc. (NASDAQ and TSX: CIGI) reported positive first-quarter results for 2024, with revenues of $1.0 billion, a 4% increase year-over-year. Adjusted EBITDA was $108.7 million, up 4%, and Adjusted EPS was $0.77. GAAP operating earnings improved to $43.3 million, with diluted net earnings per share at $0.26. The company remains focused on expanding recurring service lines and strategic acquisitions to benefit shareholders.
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