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

Group 1 - Colliers International Group Inc. (NASDAQ:CIGI) announced the acquisition of Progedil, a leading residential asset advisor in Rome, to enhance its capabilities in urban regeneration and new-build development projects [1][3] - Progedil has a 35-year legacy and has commercialized over 27,000 residential units valued at approximately €6.5 billion, providing a comprehensive suite of services [2][4] - The acquisition aims to deepen Colliers' presence in the Roman market and leverage its global ecosystem, technology, and intelligence for innovative solutions in Italy's residential and urban markets [3][4] Group 2 - Progedil's senior leadership, including CEO Marco Barile and Managing Director Francesco Procopio, will retain significant equity and continue managing day-to-day operations with a team of 75 professionals [2] - The integration of Progedil will complement the transition of Niccolò Suardi to lead the regional Advisory & Transaction team while maintaining his role as Head of Retail for Italy [3]