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 (NASDAQ, TSX: CIGI) has successfully completed its acquisition of a controlling interest in Englobe , a prominent Canadian engineering, environmental, and inspection services firm. This strategic move marks Colliers' entry into the Canadian engineering market and significantly enhances its capabilities in its growing Engineering division.
The acquisition, previously announced and now finalized, aligns with Colliers' strategy to diversify its professional services and investment management portfolio. By integrating Englobe's multi-discipline expertise, Colliers is poised to strengthen its position in the engineering sector and expand its service offerings in Canada.
Colliers International Group (TSX & NASDAQ: CIGI) announced its Q2 2024 results will be released on August 1, 2024, at 7:00am ET. A conference call to discuss the results will occur the same day at 11:00am ET, hosted by key executives including Global Chairman & CEO Jay S. Hennick. The call can be accessed via phone or webcast, with rebroadcasts available for 30 days following the event. Details for participation and access are provided on their corporate website.
Colliers has partnered with SPGI Zurich AG to strengthen its footprint in Europe. Effective July 10, 2024, this alliance with the Swiss commercial property advisor aims to expand Colliers' EMEA platform. SPGI Zurich, a member of the Intercity Group, has a team of over 25 professionals and offers a comprehensive range of real estate services. The partnership will enhance services for investors and occupiers in Switzerland, covering Zurich, Basel, Lausanne, and Geneva. Notable team members include Robert Hauri, Dr. Martin Greiner, Natalia Ignatova, and Gabriela Brandenberg. This strategic move aligns with Colliers' core values and is expected to increase market share and service capabilities for both companies.
Diamondhead Casino (DHCC) has retained Colliers to assist in marketing and financing its Diamondhead, Mississippi property or to sell it partially or entirely. The 400-acre site, situated along Interstate 10 and the Bay of St. Louis, has high visibility, with over 18 million vehicles passing annually. It is zoned for a casino resort, and the Mississippi Gaming Commission has approved a 50-acre gaming site on the property. Colliers aims to attract potential buyers for this prime gaming location. Additionally, DHCC's subsidiary, Mississippi Gaming , settled an eminent domain dispute with Cooperative Energy for $1 million, receiving $845,378 to date.
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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