Colliers (CIGI) Acquires Progedil to Expand Residential and Urban Development Expertise in Rome

Colliers International Group Inc. (NASDAQ:CIGI) is one of the most promising Canadian stocks according to analysts.. On March 2, Colliers announced the acquisition of Progedil, the leading residential asset advisor in Rome, to enhance its capabilities in large-scale urban regeneration and new-build development projects. This move follows a successful three-year collaboration that resulted in 2,400 joint transactions.

Under the new agreement, Progedil’s senior leadership, including CEO Marco Barile and Managing Director Francesco Procopio, will retain significant equity and continue to manage day-to-day operations for their team of 75 professionals. Progedil brings a 35-year legacy to Colliers, having commercialized over 27,000 residential units valued at ~€6.5 billion. The firm provides a comprehensive suite of services, including project marketing, brokerage, technical project management, and property management for both institutional and private clients.

This acquisition is designed to deepen Colliers’ presence in the Roman market, complemented by the transition of Niccolò Suardi to lead the regional Advisory & Transaction team while maintaining his role as Head of Retail for Italy. The integration aims to leverage Colliers International Group Inc.’s (NASDAQ:CIGI) global ecosystem, shared technology, and intelligence to provide innovative solutions for investors in Italy’s residential and urban markets.

Colliers International Group Inc. (NASDAQ:CIGI) provides commercial real estate, engineering, and investment management solutions in the US, Canada, Europe, Australia, the UK, Poland, China, India, and internationally.