Core Insights - Colliers has announced the promotion of John Munday to Chief Executive Officer (CEO) of Colliers UK, effective March 3, 2025, to lead the strategic direction of the UK transactional and advisory services business [1][4] Group 1: Leadership Transition - John Munday has 30 years of industry experience and has previously held leadership roles, including Co-Head of Project & Building Consultancy at Colliers since 2022 [2] - Munday will succeed Tony Horrell, who has served as CEO for 14 years and will transition to a non-executive chairman role [4] Group 2: Strategic Vision - Munday aims to enhance the UK business by focusing on the quality of advice and a diversified service platform to meet the needs of owners, occupiers, and investors [5] - The company is positioned to create enhanced opportunities for clients and employees through investment in a diverse range of services [5] Group 3: Company Overview - Colliers operates in 70 countries with over 22,000 professionals, generating annual revenues exceeding $4.5 billion and managing $99 billion in assets [6] - The company has consistently delivered approximately 20% compound annual investment returns for shareholders over nearly 30 years [6]

TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced that John Sullivan has been appointed to the Board of Directors, effective today. Sullivan has more than 30 years of real estate experience in acquisitions, dispositions, asset management and development. He served as the President and Chief Executive Officer of The Cadillac Fairview Corporation Limited for 13 years, retiring in 2023. Prior to his role as CEO, Sullivan held several seni ...

TORONTO and SEATTLE, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Leading global diversified professional services company Colliers (NASDAQ and TSX: CIGI) today announced that Colliers Engineering & Design has finalized an agreement to partner with MG2 Corporation (“MG2”), a premier architecture, strategic planning, design, and program management firm based in Seattle, Washington. This strategic partnership significantly expands Colliers Engineering & Design’s footprint in the U.S. Northwest, strengthening existing se ...

TORONTO, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") today announced the expansion and extension of its unsecured multi-currency revolving credit facility (the “Credit Facility”) for a new five-year term, maturing November 2029. The updated Credit Facility replaces the previous agreement which was set to mature in May 2027 and increases borrowing capacity to $2.25 billion from $1.75 billion. With this expansion, Colliers has over $1 billion of capa ...

Group 1 - Colliers appointed Jeroen Lokerse as CEO of the Netherlands to drive strategic direction and growth [1][4] - Lokerse has 17 years of experience at Cushman & Wakefield, including a decade as Head of the Netherlands [2] - Dirk Bakker will focus on leading the European hotel specialists as Head of Hotels, EMEA [2][3] Group 2 - Davoud Amel-Azizpour, CEO EMEA, expressed confidence in Lokerse's leadership skills and potential for the Dutch business [3] - Lokerse highlighted the strength of Colliers' platform and the quality of its people as key factors for his excitement in the new role [4] - Colliers operates in 70 countries with over 22,000 professionals, generating annual revenues exceeding $4.5 billion [5]

Colliers International Group Inc. (NASDAQ:CIGI) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and CEO Christian Mayer - CFO Chris McLernon - CEO, Real Estate Services Conference Call Participants Stephen Sheldon - William Blair Jimmy Shan - RBC Capital Markets Himanshu Gupta - Scotia Capital Daryl Young - Stifel Frederic Bastien - Raymond James Operator Welcome to the Colliers International Third Quarter Investors Conference Call. Today's ca ...

Colliers International (CIGI) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.59%. A quarter ago, it was expected that this commercial real estate services provider would post earnings of $1.37 per share when it actually produced earnings of $1.36, delivering a surprise of -0.73%.O ...

Solid growth across all service lines and segments Re-aligned operating segments to better reflect value and growth Third quarter and year to date operating highlights:     Three months ended   Nine months ended     September 30   September 30 (in millions of US$, except EPS)   2024     2023     2024     2023                             Revenues $ 1,179.1   $ 1,056.0   $ 3,320.4   $ 3,100.0   Adjusted EBITDA (note 1)   154.6     144.9     419.0     39 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Colliers International (CIGI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers are ...

Colliers International (CIGI) shares rallied 4.8% in the last trading session to close at $154.91. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.1% loss over the past four weeks. The increased investor optimism in the stock can be attributed to the positive sentiments within operations real estate amid favorable industry fundamentals. This commercial real estate services provider is expected to post quart ...