Transcript • May. 5, 2026 3:00 PM • Colliers International Group Inc. Subordinate Voting Shares (CIGI)
Transcript
May. 5, 2026 3:00 PM
Colliers International Group Inc. Subordinate Voting Shares (CIGI)
Jay Hennick: six years. This isn't a Johnny-come-lately situation. We're looking at a lot of opportunity right now, but we're also looking at the opportunity of selling some strategic assets that we've owned for a while because the prices are significant. All of those types of things are being factored in i know everybody's reading about data centers and is there enough computing power and you know all of those kinds of things um but our teams at harrison street have been deep in this area for a long time and they're looking at it as they would any other real estate investment and um and they believe that if they can deliver some significant returns to their investors Because of the market timing right now, it will just help them raise capital for the next fund. So that's some additional color for you. Got it. Yep. Thank you both. Appreciate the time.
Operator: Thank you. Your next question is from Maxine Zichoff from National Bank Capital Market. Your line is now open.
Maxine Zichoff: I was wondering if you don't mind mentioning the organic growth in the engineering space, because I guess, you know, overlapping and global, et cetera, but I'm not sure if you have the number floating around somewhere.
Shane: Yeah. Max, the growth was in the mid-single digits, but we don't talk about quarterly growth on a on a segment basis, as you're probably aware. So that nice growth, though, as I mentioned, a mix of organic growth and acquisitions in the engineering space.
Maxine Zichoff: Okay, thanks a lot. Do you mind maybe talking about potentially digital investments in the engineering business as Obviously, some of the peers are sort of looking to ramp up the capability there. I was wondering what you guys are doing internally. Thanks so much.
Shane: Max, I didn't catch the first part of that question. If you could repeat it.
Maxine Zichoff: Sorry, yeah, just your strategy around digital investments and sort of augmented AI capability when it comes to the design side of the business. as, you know, generally speaking, the bigger players seem to be moving in that direction. I'm just wondering what is sort of, you know, Koli's strategy from that perspective. Thank you.
Jay Hennick: Well, you know, as I mentioned in my comments, we've increased significantly our spend around IT. A significant portion of that is around AI. Um, we, uh, we, uh, think as, as we, as we move down, um, as we move down the, uh, the decision and the other thing I should say is not only have we increased our, our expenditures, um, but we partnered with Google and it's a very deep partnership and Google brings with it, um, uh, you know, uh, leading cloud capabilities. world-class engineering talent, and also additional databases, property databases that will help us differentiate ourselves in the marketplace, will help us streamline some of our back office functions, many of which we've been working on for the past couple of years. But The increased expenditure is in part because we believe that we have to take control of some of the delivery of technology for the first time perhaps in our history. And that's bearing some interesting fruit as we move through this. So that hopefully gives you a little bit of an overview.
Maxine Zichoff: Yeah, that's a great call. Thank you so much, Shane.
Operator: There are no further questions at this time. I will now hand the call back to Jay Hennick for the closing remarks.
Jay Hennick: Thank you, everyone, for joining us on the first quarter conference call. We look forward to speaking to you again at the end of the second. Thank you.
Operator: Thank you, ladies and gentlemen. This concludes the conference call. Thank you for your participation and have a nice day.
