Latest news with #Colliers
Yahoo
3 hours ago
- Business
- Yahoo
Colliers rebrands investment management division as Harrison Street Asset Management
Expands global leadership team; appoints Christopher Merrill, Global CEO TORONTO and CHICAGO, July 23, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ, TSX: CIGI), a leading diversified professional services and investment management company, today announced the rebranding of its investment management division to Harrison Street Asset Management ('Harrison Street' or 'HSAM') reflecting the strength, breadth and global recognition of the Harrison Street brand. As part of this evolution, Christopher Merrill, Co-Founder and CEO of Harrison Street, assumes the additional role of Global CEO and will become the largest individual shareholder of HSAM – reinforcing continuity, investor alignment and a long-term commitment to growth, value creation and performance. To further strengthen the leadership team, Zachary Michaud, the current Co-CIO of Colliers, will join as Managing Partner & Global CFO, while Stephen Gordon, the current CFO of Harrison Street, will assume the additional role of Managing Partner & Global COO. Leadership across HSAM's specialized operating platforms and investment teams will remain unchanged. With more than $100 billion in assets under management, Harrison Street will continue to leverage the expertise of its investment professionals from Basalt Infrastructure Partners, Versus Capital, Rockwood Capital, and Colliers Global Investors, combining scale, investment acumen, and product innovation for the benefit of investors worldwide. HSAM remains committed to expanding its global distribution capabilities and pursuing new strategies, asset classes, and verticals – both organically and through its proven partnership model. Christopher Merrill commented, 'We are excited to enter the next phase of growth. By harnessing the expertise of our partners and teams across the platform, we aim to scale our capabilities and position Harrison Street as a premier global investment partner. With over two decades of leadership in alternative investment management across infrastructure, real estate and credit, we are well positioned to deliver innovative investment and capital solutions for our clients.' Jay Hennick, Global Chairman and CEO of Colliers, added, 'Harrison Street has an exceptional track record and some of the strongest leaders, partners and investment teams in the industry. With an unwavering commitment to excellence and delivering outstanding results for investors – combined with the continued support of Colliers – we are building one of the world's premier global alternative investment platforms.' For more information about Harrison Street Asset Management, please visit About Harrison Street Asset Management Harrison Street Asset Management is a leading global alternative investment management firm with over $100 billion in assets under management in highly differentiated alternative assets across infrastructure, real estate and credit strategies. Headquartered in Chicago and Toronto with offices across North America, Europe, and Asia, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of 900 institutional investors and over 10,000 private wealth investors. Harrison Street has been recognized as one of the Best Places to Work by Pensions & Investments for ten years (2014-2020, 2022-2024) and has received 16 PERE awards since 2019, including the 2024 Alternatives Investor of the Year – Global award. For more information, visit 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, fuelled 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 is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at X @Colliers or LinkedIn. Harrison Street Asset Management Contact: Christopher MerrillGlobal CEO(312) 920-1851 Colliers Contact: Christian MayerChief Financial Officer(416) 960-9500Error 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
Yahoo
11 hours ago
- Business
- Yahoo
Historic Lake District hotel on the market for 'substantial amount'
A well-known Victorian hotel in the Lake District has been put up for sale. The Keswick Country House Hotel is being marketed by Colliers for a "substantial" amount and is located in Keswick, Cumbria, on five acres of landscaped gardens just a short walk from the town centre. The 73-bedroom hotel, which includes two suites and four junior suites, is spread across the original 1860s main house and the neighbouring Old Station Annexe. Colliers said the hotel has seen continuous investment and refurbishment under the same private ownership for the past 24 years. Julian Troup, head of the hotels agency team at Colliers, said: "There is substantial demand from both domestic and international hotel buyers for high-quality hotels in tourism hotspots such as the Lake District. "We anticipate a healthy level of interest in the Keswick Country House Hotel. "Last month we sold the 70-bedroom Ambleside Salutation Hotel and Spa for in excess of the guide price, adding to the high volume of UK hotel sales that we have concluded already this year, and demonstrating the continuing confidence in the market from a diverse range of buyers." The hotel is situated within the Lake District National Park, a UNESCO World Heritage Site (Image: Supplied) For the financial year ending June 30, 2024, the hotel recorded a net turnover of more than £4 million, driven mainly by the leisure market, including independent travellers and group tours. The property features The Lonsdale Restaurant and Garden Room, which can seat up to 140 guests, a bar and lounge area for 100 guests, the Keswick Suite, a study, and a snooker room located in the station building. Furthermore, the Barmore Suite offers flexible space for small private events or board meetings. The site also includes 38 staff bedrooms across the main hotel, a detached accommodation block, and a separate chalet. Additionally, the hotel is situated within the Lake District National Park, a UNESCO World Heritage Site that attracts around 18 million visitors each year. It offers open views towards Skiddaw and Latrigg and is also located near the recently restored Keswick to Threlkeld Trail, a scenic path for walkers and cyclists built on the old railway line that runs alongside the hotel.
India Today
2 days ago
- Business
- India Today
Affordable homes are vanishing. Can you still get a 2BHK for Rs 1 crore?
Home prices in India's biggest cities have shot up sharply, and many aspiring homeowners are wondering whether buying a 2BHK flat under Rs 1 crore is still estate prices across major metros have surged due to strong demand, high construction costs, and a steady flow of luxury housing despite these challenges, there are still some pockets in both Tier-1 and Tier-2 cities where a 2BHK under Rs 1 crore is within SALES SLOW DOWN AS PRICES JUMPAccording to Anarock, housing sales in India's top seven cities dropped by 28% in the first quarter of 2025 compared to the same period last year. About 93,280 homes were sold in Q1 2025, down from 130,170 a year earlier. This fall comes amid rising prices and global uncertainties that have slowed the market's earlier strong price rise has been steep. Anarock data shows that average residential prices in the top seven cities increased by 10% to 34% in Q1 2025, mainly due to high demand and new launches in the premium segment. NCR and Bengaluru saw the biggest price jumps—more than 34% and 20%, respectively.A separate report by CREDAI, Colliers, and Lises Foras said that during the October–December quarter of 2024, housing prices rose by an average of 10% across eight major cities. Delhi-NCR alone recorded a 31% rise during this NCR, MMR, BENGALURU SEE BIGGEST PRICE SURGESPropTiger data for Q4 2024 shows Delhi NCR with an average price of Rs 8,105 per sq ft, up 49% from a year remains the most expensive market at Rs 12,600 per sq ft, up 18% year-on-year. Bengaluru's average price stands at Rs 7,536 per sq ft, rising 12% over the same period. (Source: PropTiger Research/Global Property Guide) advertisementHOW FAR CAN RS 1 CRORE STRETCH IN 2025?Santhosh Kumar, Vice Chairman of ANAROCK Group, said that finding a 2BHK for under Rs 1 crore in prime city locations is nearly impossible. However, buyers can still get decent homes in the peripheral or emerging parts of Tier-1 cities. He mentioned the below locations where people could find 2BHK homes under Rs 1 Bengaluru, buyers can look at Devanahalli, Bagalur, or Electronic City, where smaller developers still offer budget-friendly options. In Hyderabad, Narsingi and Kokapet are among the few remaining areas where Rs 1 crore can fetch a compact offers possibilities in Hinjewadi and Wagholi, and in Delhi NCR, buyers may consider Sohna, New Gurgaon, Greater Noida West, and Raj Nagar the MMR, areas like Mira Road, Naigaon, Dombivli, Panvel, and parts of Borivali are still affordable. For those considering Kolkata, options exist in New Town, Rajarhat, and EM Bypass. In Chennai, localities like OMR, Tambaram, Pallavaram, and Perambur still offer homes within Gupta, Director at RPS Group, said, 'In Tier-1 cities, good 2BHKs below Rs 1 crore are still available in upcoming corridors where infrastructure bridges the gap with distance disadvantages. In Delhi-NCR, such apartments are available in localities such as Dwarka Expressway and Noida Sector 150, though commuting times can be long.'TIER-2 CITIES OFFER SPACE, VALUE AND BETTER QUALITY OF LIFEIf buyers are willing to look beyond metros, Tier-2 cities offer better choices. Kumar said cities like Ahmedabad, Lucknow, Jaipur, and Coimbatore are emerging as attractive alternatives. These homes are not just more spacious but often located in central areas and supported by better infrastructure than many metro added, 'Tier-2 cities give you returns that are a lot better. In Indore's Vijay Nagar and Super Corridor, you can get a 1,200–1,400 sq ft 2BHK with a clubhouse. Prices in such areas have appreciated by 27% annually.'In Coimbatore, localities like Vadavalli and Saravanampatty offer proximity to IT zones, while Nagpur's Wardha Road offers premium 2BHKs starting around Rs 65 HARD HAS IT BECOME FOR FIRST-TIME BUYERS?Home prices across India's top seven cities rose 59% between 2021 and 2025, according to ANAROCK. Delhi NCR alone saw an 89% rise in the same period. This has made Rs 1 crore a tight budget in most large must weigh multiple factors, size, location, developer reputation, and commute. Those working from home or without school-going children may consider homes in far-out suburbs. But infrastructure becomes key in such cases. 'If roads or connectivity aren't developed now, there is no certainty they ever will be,' warned also pointed out that today's budget homes may have 25% smaller carpet areas, delayed infrastructure, and fewer social amenities like hospitals and schools within HAPPENING ON THE SUPPLY SIDE?As per ANAROCK, of the 1.99 lakh units launched across India's top seven cities in the first half of 2025, over 65,000 units were priced below Rs 1 crore. That's a lower share than before, but demand remains strong. Developers are still launching homes in this price bracket, especially in city the share of mid-segment homes has fallen from 36% to 32% in 2025, while luxury homes have risen to 41%, said Gupta. He added that buyers must also factor in registration charges and taxes, which can account for 5–8% of the home SHOULD BUYERS DO NOW?advertisementKumar said, 'It is unlikely that supply in this price bracket will disappear. But buyers must accept trade-offs—either on the size, the builder or the location.'If you're buying your first home, experts advise purchasing near your place of work in a Tier-1 city if possible, even if it means compromising on amenities or opting for a resale it's for investment, however, Tier-2 cities might offer better returns and lower maintenance costs. For example, Gupta noted that monthly maintenance in Nagpur is nearly 46% lower than in the challenges, 2BHK homes under Rs 1 crore are still available across India, if buyers are willing to look in the right places, explore upcoming locations, and compromise on size or brand. For some, Tier-2 cities may now offer a better blend of affordability and lifestyle than over-heated metro markets.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a financial advisor before making any actual investment.)- Ends
The Wire
2 days ago
- Business
- The Wire
Industrial & warehousing demand at all-time high; Delhi-NCR, Chennai, Mumbai & Bengaluru saw at least 2 mn sq ft of space uptake in H1 2025: Colliers
• H1 2025 Grade A industrial & warehousing demand around 20 mn sq ft, rises YoY by 33% • Delhi NCR and Chennai dominate leasing, collectively driving around half of the demand in H1 2025 • 3PL firms drive almost one-third of the demand in H1 2025, followed by engineering and e-commerce segments • New supply closely follows demand with about 19 mn sq ft of completions during H1 2025 BENGALURU, India, July 21, 2025 /PRNewswire/ -- With about 20 mn sq ft of leasing activity in H1 2025 at 33% YoY growth, industrial & warehousing demand across the top eight cities remained robust. Delhi NCR and Chennai led the demand, cumulatively accounting for about half of the overall leasing in H1 2025. Interestingly among the top eight cities, Delhi NCR, Chennai, Mumbai and Bengaluru saw impressive demand of at least 2 mn sq ft during the first half of the year. Third Party Logistics (3PL) players continued to be the primary drivers of space uptake in Grade A warehouses & industrial sheds, contributing to about 32% share in overall demand during the first half of the year. In fact, demand from most occupier segments including 3PL, engineering, e-commerce, automobile, and retail firms rose significantly during H1 2025. Meanwhile, at the micro market level, warehousing space uptake was the highest in Bhiwandi (Mumbai) at 3.1 mn sq ft followed by Oragadam (Chennai) at 1.5 mn sq ft. Trends in Grade A Gross absorption (mn sq ft) City Q2 2025 Q2 2024 YoY change H1 2025 H1 2024 YoY change Ahmedabad 0.6 0.3 100 % 1.2 0.6 100 % Bengaluru 1.2 1.2 0 % 2.0 1.7 18 % Chennai 1.7 1.3 31 % 3.7 3.2 16 % Delhi NCR 2.5 1.8 39 % 5.6 3.2 75 % Hyderabad 0.8 0.3 167 % 1.1 0.5 120 % Kolkata 0.5 0.4 25 % 1.0 0.7 43 % Mumbai 2.1 0.6 250 % 3.1 2.5 24 % Pune 1.1 1.0 10 % 1.8 2.3 -22 % TOTAL 10.5 6.9 52 % 19.5 14.7 33 % Source: Colliers Note: Data pertains to Grade A buildings. Absorption does not include lease renewals, pre-commitments and deals where only a Letter of Intent has been signed. "During the second quarter of 2025, industrial & warehousing sector saw about 11 mn sq ft of demand across the top eight cities, a 52% rise YoY. Notably, Q2 recorded the highest quarterly gross absorption in the last few years. Delhi NCR drove around one-fourth of the quarterly demand at 2.5 mn sq ft of Grade A space uptake. The demand in the region was led by large space uptake in Farukhnagar and Kulana micro markets. In fact, cities like Delhi NCR, Mumbai and Chennai, with 60% demand share in Q2 2025, continued to drive industrial & warehousing sector in India. The growth momentum is likely to remain unabated in the forthcoming quarters, setting the stage for a strong performance in 2025," says Vijay Ganesh,Managing Director, Industrial & Logistics Services, Colliers India. 3PL continues to dominate demand in H1 2025; leasing by other segments on the rise During the first half of 2025, 3PL players continued to dominate demand, accounting for around one-third of the leasing activity. Concurrently, space uptake by other occupier segments such as engineering, e-commerce and automobile were also notable, with each segment accounting for 2-4 mn sq ft of space take up, during H1 2025. "The industrial & warehousing sector witnessed strong space uptake in the first half of 2025 with around 20 mn sq ft of leasing, driven by robust demand across a diverse range of occupier segments. While 3PL players continue to lead overall demand, engineering, e-commerce and automobiles, segments have been steadily gaining traction over the last few quarters. Each of these three segments accounted for around 10-20% of the Grade A space uptake in H1 2025. This heterogeneity of demand reflects the sector's resilience and aligns with the broad-based growth prospects in the domestic economy. It also sets a strong foundation for continued growth in industrial & warehousing sector through the rest of 2025, " says Vimal Nadar, National Director & Head of Research, Colliers India. Large sized deals account for 51% of gross leasing across the top 8 cities During H1 2025, large deals (>200,000 sq ft) accounted for about half of the demand. Although a vast majority of these larger deals came from 3PL players, e-commerce and engineering segments too continued to witness large warehousing space requirements. At the city level, Delhi NCR followed by Mumbai dominated large-sized deals during H1 2025. New supply also remains strong in H1 2025, rises by 11% on an annual basis The first six months of 2025 saw a new supply to the tune of 19 mn sq ft, an 11% YoY rise. The new supply was almost in line with the strong leasing activity during H1 2025, indicating improved developer confidence in the industrial & warehousing market. Taking cognizance of healthy demand across major cities and business environment, developers have been infusing high quality warehousing facilities replete with technologically advanced features. Moreover, in line with demand trends, Delhi NCR and Chennai accounted for the bulk of new supply during H1 2025. These two cities cumulatively contributed close to half of the new supply across the top eight cities of the country. Notably, Q2 2025 witnessed 10 mn sq ft of completions in top eight cities of the country, an 8% YoY rise. Q2 2025 also marked the highest quarterly supply infusion over the last few quarters. Upcoming quarters are also likely to witness significant influx of Grade A supply, with new supply expected to reach about 35-40 mn sq ft by the end of the year. Trends in Grade A Supply (mn sq ft) City Q2 2025 Q2 2024 YoY change H1 2025 H1 2024 YoY Change Ahmedabad 0.6 0.7 -14 % 1.1 1.0 10 % Bengaluru 0.6 0.6 0 % 1.5 2.0 -25 % Chennai 1.5 1.4 7 % 3.5 2.7 30 % Delhi NCR 3.7 3.4 9 % 6.2 5.7 9 % Hyderabad 0.7 0.1 600 % 0.9 0.7 29 % Kolkata 0.8 1.0 -20 % 1.3 1.3 0 % Mumbai 1.5 0.5 200 % 3.4 1.5 127 % Pune 0.6 1.6 -63 % 1.5 2.5 -40 % TOTAL 10.0 9.3 8 % 19.4 17.4 11 % Source: Colliers Note: Data pertains to Grade A buildings Overall vacancy levels remained stable on a sequential basis and stood at 13.5% at the end of H1 2025. Meanwhile, amidst healthy demand and high-quality supply infusion, rentals in key micro markets saw a notable uptick. Media Contact: Sukanya Dasgupta National Director, Marketing & Communications| India 91 9811867682 About Colliers Colliers (NASDAQ: CIGI) (TSX: CIGI) is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at Twitter @Colliers or LinkedIn or YouTube. Logo: (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.).
Gulf Today
4 days ago
- Business
- Gulf Today
Indian realty drives $1.4 billion domestic investment in first half
After a steady start in the first quarter, institutional investments in Indian real estate witnessed a notable uptick during the second quarter at $1.7 billion, a 29 per cent rise on a sequential basis. This mopped-up total investments in the first half of 2025 to $3.0 billion, reinforces the sector's resilience amidst ongoing global uncertainties. Although this marked a 15 per cent decline compared to H1 2024, the investment volume remained above the half-yearly average of about $2.6 billion since 2021, reflecting sustained investor interest, according to Colliers survey. While foreign investments saw a 39 per cent YoY decline, domestic capital surged by 53 per cent to $1.4 billion, accounting for 48 per cent of the total inflows in first half. The growing share of domestic investments marks an ongoing shift in the capital investment landscape, with Indian institutional investors playing a more prominent role in driving real estate activity across core asset classes. 'Domestic capital has emerged as a key driver in India's real estate investments, with its share in total investments rising steadily from 16 per cent in 2021 to 34 per cent in 2024. In H1, 2025, domestic investments accounted for 48 per cent of the total inflows, surging by 53 per cent compared to H1 2024. Their growing dominance has helped cushion the impact of global uncertainties and push total investments to the $3.0 billion mark. Over 60 per cent of domestic investments during H1 were directed towards residential and office assets, reflecting sustained confidence in core segments.' 'As domestic capital deepens and diversifies, it is poised to bring greater stability and long-term confidence to India's maturing real estate ecosystem,' said Badal Yagnik, Chief Executive Officer, Colliers India. Foreign institutional investments dropped 39 per cent YoY in first half to $1.6 billion, as global investors remained cautious amidst evolving macroeconomic scenario, flow of credit and inflationary pressures. Despite the slowdown, foreign capital still accounted for over half of total inflows, with growing interest in mixed-use and retail assets. Both these segments together comprised about 55 per cent of foreign investments during first half (H1) of 2025. Residential assets saw $0.8 billion of investments, driving 27 per cent of the inflows during H1 2025, followed by office assets, at 24 per cent share. Investments in mixed-use assets too witnessed a significant surge, accounting for more than 20 per cent share in the total inflows during H1, up from 7 per cent share during the corresponding period in 2024. Retail and alternative assets too saw a notable rise in investment inflows, cumulatively accounting for $0.5 billion, led by select large deals in H1 2025. 'The $1.7 billion of investments recorded in Q2 2025 underscores the resilience of India's real estate sector, with both core and emerging segments attracting sustained interest. The residential segment continued its strong run, accounting for 31 per cent of quarterly investments, driven by healthy end-user demand, improved affordability, and renewed confidence from institutional investors. The retail sector is also witnessing a steady revival, backed by rising consumption, rapid urbanisation, and evolving consumer lifestyle and spending patterns. With REITs and other institutional players actively scouting for quality retail assets across key markets, investment activity in this segment is expected to gain further traction in the coming quarters,' said Vimal Nadar, National Director & Head of Research, Colliers India. Mumbai drove 22 per cent of the total investments during H1, led by select deals in office assets. Bengaluru attracted $0.5 billion investments during H1, contributing nearly 17 per cent to the total inflows. Office and residential assets together made up 57 per cent of the city's investment share. Interestingly, select large deal in retail segment in Kolkata, resulted in 13 per cent share in total investments by the city during first half. While reinvesting capital gains, is indexation benefit advantageous? Can we invest capital gains in commercial property? Parivesh Bohra, Sharjah. The capital gains are taxed either at 12.5 per cent without indexation or 20 per cent with indexation, whichever is more beneficial. In case of long-term appreciation, indexation often lowers tax liability, making the 20 per cent route preferable. It should be noted that if indexation does not significantly increase cost base, then 12.5 per cent flat rate would be ideal and tax-efficient. Investment in commercial property do not qualify. Is a loan available for NRIs to invest in land in India? Can we repatriate the sale proceeds if we sell the land at a later date? Please clarify. Haresh Bhatia, Dubai. Loans for investment in vacant plots are available for NRIs on similar interest rates offered to resident Indians. The loan amount depends on the value of the property from 75 per cent to 90 per cent. The maximum repayment period is 15 years. While computing the land value, the lender may take the guideline value of the property and not the market value. You can't sell land and repatriate the sale proceeds but you can build house on it and then sell and repatriate the sale proceeds including the value of the land.
