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CBRE revenue up 13% to $1.6bn Thursday, 2nd August 2012
Photo credit: CBRE Group Inc
The world’s largest real estate firm saw double-digit growth in turnover and profit thanks to a strong performance in the Americas and Asia Pacific.
CBRE said revenue rose 13 per cent in the second quarter to USD 1.6 billion, but fell at its European business after a weak performance in the French market. The Los Angeles-based firm added that income grew “modestly” in Germany, the Netherlands and the UK.
Miller Mathieson, managing director of CBRE Scotland, applauded the “notable business successes” of its Scottish operations during the first half of the year, with big office deals such as BlackRock at Exchange Place in Edinburgh and lettings at Quartermile One.
He said: “On the back of our recent successes in both the agency and consultancy teams we have recruited key individuals across various disciplines including retail, building consultancy [and] property management.”