00:37:19 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Colliers International Group Inc
Symbol CIGI
Shares Issued 45,892,057
Close 2023-10-24 C$ 121.73
Market Cap C$ 5,586,440,099
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Globe says Colliers concedes going green not easy

2023-10-24 08:19 ET - In the News

The Globe and Mail reports in its Tuesday, Oct. 24, edition that the Wilkinson Avenue Warehouses, owned by East Port Properties, in Dartmouth, N.S., are among the first industrial properties in Canada that aspire to be net-zero emitters of carbon-based greenhouse gas emissions. The Globe's guest columnist David Israelson writes that the last of the project's five buildings is expected to be completed by the end of this year. This will give the project 300,000 square feet of space certified as net zero by the Canada Green Building Council (CAGBC), an umbrella group of designers, architects, developers, builders and owners that promotes design and performance standards. East Port president Judy Wall says, "The move toward net-zero industrial buildings is slower than for offices, retail and residential buildings, but it's starting to pick up speed." Colliers Canada director Tracy MacDonald says: "It's a struggle for owners to see the value in net zero. They want to know what the payback is, what return they'll get and what they'll save by being green. ... We don't have that kind of data yet. It's being gathered by us and others in the building sector because we need it to make the case for industrial properties."

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