Latest news with #Colliers'
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Business Standard
10-07-2025
- Business
- Business Standard
Six Indian cities rank among Asia-Pacific's top 10 tech talent hubs
Six Indian cities — Bengaluru, Hyderabad, Delhi-NCR, Mumbai, Pune, and Chennai — ranked among the top 10 in the Asia-Pacific for tech talent acquisition, according to Colliers' Global Tech Markets: Top Talent Locations 2025 report. India now stands alongside China and Japan as one of the only three countries to have cities represented in the global top 10 rankings. In the Asia-Pacific rankings, Singapore was the only non-Indian market included in the top five. Taipei, Sydney and Melbourne were also among the top 10 tech talent markets. The study analysed over 200 global markets, assessing factors such as talent availability, venture capital funding, labour market dynamics, and industry maturity. Largest number of data scientists in Bengaluru Indian cities now account for 69 per cent of Asia-Pacific's total tech talent, outpacing other markets in the region. Bengaluru leads with the world's largest concentration of data scientists, followed closely by Hyderabad with its rapidly growing base of under-25 tech professionals. 'India is a powerhouse of tech talent and a key player in the global innovation ecosystem,' said Arpit Mehrotra, managing director of office services in India, Colliers. 'High-quality office space, robust IT infrastructure, and cost competitiveness continue to attract global tech companies.' Tech sector drives office space uptake In the first half of 2025, technology occupiers leased more than 10 million sq ft of Grade-A office space across India's top seven cities, accounting for 40 per cent of total conventional office leasing. Bengaluru and Hyderabad led the absorption, jointly accounting for nearly 50 per cent of the demand. Technology firms were also the leading players in the flex space market, comprising nearly half of all flex leasing activity in H1 2025. GCCs central to India tech office growth The growth of Global Capability Centres (GCCs) is a key pillar of India's tech office story. In the first half of 2025, technology-focused GCCs accounted for 41 per cent of total GCC leasing, amounting to 5.2 million sq ft. Bengaluru, Delhi-NCR, and Hyderabad alone generated over 85 per cent of this demand. 'Tech GCCs in India are steadily evolving from traditional support centres to strategic innovation hubs. As global firms scale and transform, India's cost advantage and talent quality continue to drive sustained GCC expansion,' said Vimal Nadar, national director and head of research at Colliers India. Young workforce drives tech talent growth India's under-25 tech workforce has grown by 9 per cent between 2014 and 2022 — more than 20 times the all-industry average. Bengaluru, Hyderabad and Jakarta are among the top cities benefiting from this youth-driven surge. Top VC markets based in Asia-Pacific The Asia-Pacific region now houses all of the world's top 10 markets for venture capital deal growth, led by China. While China dominates in overall investment volume, India continues to attract significant global interest due to its cost-effective operations, talent scale, and sector depth. 'Asia-Pacific is drawing significant global attention for its unmatched tech talent density and strong venture capital momentum, particularly in India and China,' said Mike Davis, managing director, office services, Asia Pacific at Colliers.
Time of India
30-06-2025
- Business
- Time of India
Colliers India eyes ₹1,100 crore order book in 2025 amid strong leasing pipeline, sectoral resilience
NEW DELHI: Colliers India is targeting an order book of ₹1,100 crore in 2025, up from a revenue of approximately ₹700 crore in the previous calendar year. The real estate services firm has reported a robust start to the year, with its leasing business already showing 20–25% growth over 2024. Sankey Prasad , chairman and managing director in an exclusive interview with ETRealty said that the company remains bullish on India's commercial real estate sector, citing strong fundamentals and continued demand despite global headwinds. As part of its global integration strategy, Colliers is establishing a new Global Capability Centre (GCC) in Bengaluru . The facility, which is currently operating out of a smaller site, will soon be expanded into a larger, consolidated space. The GCC will serve Colliers' international operations, with all roles being new hires rather than internal transfers. "This centre is purely for Colliers' internal global requirements, aimed at cost optimisation and centralised support," Prasad said. Despite economic uncertainties and layoffs in key Western markets, India's office market is projected to remain resilient in 2025. 'We expect the gross office leasing this year to be in the range of 65–70 million sq ft, close to last year's 66.5 million,' said Prasad. He noted that Q1 2025 alone recorded 15.9 million sq ft of leasing, signaling strong momentum. Prasad attributes the sustained demand to key sectors like engineering, manufacturing, and BFSI, which are likely to account for 35–40% of office leasing. Technology firms, even amid hybrid work shifts, are expected to contribute another 25–30%, while flex space operators will continue to hold a 20% share. Select tier-2 and tier-3 cities may also attract leasing activity, driven by cost advantages and improved infrastructure. Although widespread layoffs in the US and Europe have triggered fears of reduced expansion plans, Prasad noted that major firms in India have shown caution in real estate expansion since the pandemic. 'Most companies did not expand their office footprint in proportion to headcount growth in the last few years,' he said. 'This conservative strategy is now insulating them from overexposure as they realign workforce needs.' He dismissed the idea of a major leasing slowdown unless there's a global economic shock, stating that 'many multinationals are still planning to take up more space by Q3 or Q4.' He also noted that Colliers' own leasing pipeline has grown by 20–25% compared to last year. Grade-A supply remains tight as leasing outpaces construction Developers have been cautious in launching new commercial supply post-COVID, resulting in a shortage of top-tier, sustainable office stock. While some of the supply planned before the pandemic is now coming online, the pace of fresh additions remains limited. This imbalance has created opportunities for redevelopment and upgradation of older Grade B and C assets. 'We are actively advising on several such projects. There is strong occupier interest for Grade-A spaces, and quality continues to be a differentiator,' said Prasad. A major driver of this demand is the Global Capability Centre (GCC) segment, which accounted for 6.5 million sq ft, or 41% of total leasing across top cities in Q1 2025. Colliers estimates that GCCs will lease 25–30 million sq ft this year, sustaining their share at 40–50% of total office demand. Investment flow shows resilience, shift in strategy While there has been a temporary dip in FDI inflows due to geopolitical and economic factors, Prasad noted that investor interest remains intact. 'India saw $529 million in FDI into construction development in FY25 so far,' he said. 'Family offices, in particular, are emerging as aggressive and flexible investors, often preferring hybrid equity-debt models to balance returns and risk.' Platforms are increasingly being created between family offices and developers for long-term value creation. Colliers has seen private funding activity extending beyond office real estate into logistics, data centres, and townships, indicating broader investor confidence. Branded developers consolidating residential market In the residential sector, consolidation among top developers continues to intensify. Branded players now dominate launches and land acquisition, often at premium prices that smaller or mid-size builders cannot match. 'Consumer trust, financial strength, and execution capabilities give these firms a clear edge,' said Prasad. However, this trend is pushing up land prices and squeezing the viability of mid-income and affordable housing. While tier-2 cities may see targeted interventions, the widening affordability gap in tier-1 cities could lead to further strain on the supply side. 'There's a definite need to revisit development models to cater to mid-income demand,' he added.
Hamilton Spectator
11-06-2025
- Business
- Hamilton Spectator
Colliers publishes 2024 Global Sustainability Report
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI) released its 2024 Global Sustainability Report , highlighting the firm's achievements and progress against targets established in 2021. The report also offers a first look at Colliers' refreshed sustainability strategy, Built to Last , which is based on an updated materiality assessment conducted in the first quarter of 2025. The strategy is designed to align Colliers' priorities with today's most pressing environmental, social, and governance challenges and opportunities, anchored around three core pillars: 'As a global provider of real estate, engineering and investment management services, we are in a unique position to help owner, investor and occupier clients realize their sustainability aspirations while driving the same positive impact for our own operations,' said Jay Hennick, Global Chairman & CEO of Colliers. 'I'm proud of our 2024 performance and remaining agile in our approach to what's next. I look forward to continuing our journey toward a more sustainable future though Built to Last.' Highlights from the 2024 report include: To support the next phase of our sustainability leadership, Tonya Lagrasta has been appointed Global Head of Sustainability at Colliers. A long-time sustainability leader and trusted advisor within our business, Tonya brings more than 20 years of experience across sectors including commercial real estate, retail, consumer goods, financial services, pharmaceuticals, and the public sector. In this role she will spearhead the implementation of Built to Last and drive integration of sustainability across Colliers. 'Sustainability is a reflection of our values in action, and a pathway to long-term resilience,' said Lagrasta. 'Built to Last reflects where we are today – and more importantly, where we're going. I'm energized by our people's passion and proud to help lead this next chapter of impact.' The full 2024 Global Sustainability Report is available at . About Colliers Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at , X @Colliers or LinkedIn . Media Contact Andrea Cheung Senior Manager, Global Integrated Communications +1 416 324 6402
Yahoo
11-06-2025
- Business
- Yahoo
Colliers publishes 2024 Global Sustainability Report
Launches refreshed sustainability strategy Built to Last TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI) released its 2024 Global Sustainability Report, highlighting the firm's achievements and progress against targets established in 2021. The report also offers a first look at Colliers' refreshed sustainability strategy, Built to Last, which is based on an updated materiality assessment conducted in the first quarter of 2025. The strategy is designed to align Colliers' priorities with today's most pressing environmental, social, and governance challenges and opportunities, anchored around three core pillars: Environmental sustainability: Supporting decarbonization and climate resilience Workplace experience: Creating inclusive, healthy, high-performing spaces Ethical governance & practices: Embedding trust, transparency, and responsible innovation 'As a global provider of real estate, engineering and investment management services, we are in a unique position to help owner, investor and occupier clients realize their sustainability aspirations while driving the same positive impact for our own operations,' said Jay Hennick, Global Chairman & CEO of Colliers. 'I'm proud of our 2024 performance and remaining agile in our approach to what's next. I look forward to continuing our journey toward a more sustainable future though Built to Last.' Highlights from the 2024 report include: Achieved a 27.6% reduction in Scope 1 and 2 emissions per square foot from our 2021 baseline. Earned WELL Health-Safety Ratings in 87.4% of Colliers offices ≥ 2,500 sq. ft., up from 35% in 2022. Expanded our electric vehicle fleet to 170+, representing a 5x increase in just two years. Reached 88% participation in our global employee engagement survey, with scores exceeding external benchmarks. 68% of our Colliers Gives volunteering goal achieved. To support the next phase of our sustainability leadership, Tonya Lagrasta has been appointed Global Head of Sustainability at Colliers. A long-time sustainability leader and trusted advisor within our business, Tonya brings more than 20 years of experience across sectors including commercial real estate, retail, consumer goods, financial services, pharmaceuticals, and the public sector. In this role she will spearhead the implementation of Built to Last and drive integration of sustainability across Colliers. 'Sustainability is a reflection of our values in action, and a pathway to long-term resilience,' said Lagrasta. 'Built to Last reflects where we are today – and more importantly, where we're going. I'm energized by our people's passion and proud to help lead this next chapter of impact.' The full 2024 Global Sustainability Report is available at About Colliers Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at X @Colliers or LinkedIn. Media Contact Andrea CheungSenior Manager, Global Integrated Communications+1 416 324 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
11-06-2025
- Business
- Time of India
India among top 10 global cross-border investment destinations for land & development sites in Q1 FY26
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India continues to solidify its position as one of the most attractive global destinations for cross-border investments in land and development sites, according to Colliers' Global Capital Flows June 2025 report. The country ranked seventh globally and was one of seven Asia-Pacific markets that dominated the top 10 destinations in this asset class, underscoring the region's growing influence in global real estate capital strong macroeconomic fundamentals, pro-investment policies, and sustained infrastructure push have significantly enhanced its real estate investment landscape. The first quarter of 2025 witnessed institutional investments in Indian real estate reaching USD 1.3 billion, a 31% year-on-year growth, with foreign capital contributing 40% of the total inflows.'India's real estate sector has shown remarkable resilience in the face of global headwinds. The steady inflow of global and regional capital, particularly into land and development assets, reflects increasing investor confidence in the country's long-term growth story,' said Badal Yagnik, Chief Executive Officer, Colliers India. 'With growing participation in residential, life sciences, and data center segments, India is rapidly emerging as a comprehensive investment hub across asset classes.'The report highlights India's growing appeal beyond just office spaces, as global investors increasingly diversify into residential, industrial, and warehousing segments. Development platforms and alternative investment structures are also gaining traction, providing investors with flexible and scalable capital deployment models.'Foreign investor interest in Indian real estate is broadening. While office remains a key focus, the residential segment is witnessing heightened traction, supported by robust demand, favorable returns, and a stable policy environment,' said Vimal Nadar, National Director & Head of Research, Colliers India. 'With the benchmark repo rate now at 5.5%, the lowest in three years, we expect investment momentum to accelerate further in the coming quarters.'India's positioning in the global landscape is further validated by the broader trend in the Asia Pacific region. Alongside China, Singapore, Australia, and Malaysia, India maintained a strong showing in cross-border activity in Q1 2025. Notably, China accounted for 80% of total cross-border activity in the region, reinforcing Asia Pacific's the office sector remains the most sought-after across APAC, interest in industrial, retail, and emerging asset classes is gaining pace. Globally, multifamily remains the top sector, but in India, the diversity of investment avenues continues to attract long-term capital aligned with its evolving real estate ecosystem.
