Colliers International Group Inc., a global leader in commercial real estate and investment management, has announced a significant expansion of its operations in Rome through the acquisition of Progedil. This strategic move underscores Colliers' commitment to enhancing its expertise in large-scale urban development and residential projects, particularly within the Italian capital. The acquisition follows a productive three-year collaboration between the two entities, which successfully completed 2,400 joint transactions, demonstrating a strong synergy and shared vision.

Under the terms of the acquisition, Progedil's senior management, including CEO Marco Barile and Managing Director Francesco Procopio, will retain substantial equity stakes and continue to oversee the daily operations of their 75-strong team. Progedil brings to Colliers a rich legacy spanning 35 years, during which it has commercialized over 27,000 residential units with an approximate value of 6.5 billion euros. The firm's comprehensive service portfolio encompasses project marketing, brokerage, technical project management, and property management, catering to both institutional and private clientele.

This integration is set to significantly deepen Colliers' footprint in the Roman market. Complementing this expansion, Niccolò Suardi will transition to lead the regional Advisory & Transaction team while maintaining his role as Head of Retail for Italy. The synergy created by integrating Progedil's established local expertise with Colliers' global network, technological advancements, and analytical insights is expected to deliver innovative solutions for investors navigating Italy's dynamic residential and urban real estate landscapes.

This acquisition exemplifies a forward-thinking business strategy focused on leveraging strategic partnerships to foster growth and deliver superior value. By combining Progedil's deep understanding of the Roman market with Colliers' extensive global resources, the newly integrated entity is poised to capitalize on emerging opportunities in urban regeneration and residential development. This initiative not only strengthens Colliers' market position but also contributes positively to urban renewal and economic development in Rome, showcasing how collaborative efforts can lead to mutual prosperity and a brighter future for communities.