CBRE rakes in £1bn with growth outside Europe

By ERIKKA ASKELAND
Published on 02/08/2012 00:00

ESTATE agency CBRE enjoyed double-digit growth in turnover and profit due to a strong performance in the Americas and solid growth in Asia Pacific.

The US-headquartered firm said revenue rose 13 per cent in the second quarter to $1.6 billion (£1bn), but fell in its European business particularly in France. It said income grew “modestly” in Germany, the Netherlands and the UK.

Miller Mathieson, managing director of CBRE Scotland, said the Scottish business had landed “notable business ­successes” in 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.

He also welcomed the “considerable experience and expertise” of Bill Colville, who joined as UK regional chairman from real estate adviser DTZ.