CBRE generating more revenue, except in investment
CBRE reported a 10% revenue increase to $5.1bn for Q1. Fee revenues amounted to $2.4bn, a 7% increase from last year. Net profit increased by 9% to €164.4mn. In the Advisory Services segment, letting business developed at an above-average rate of +20%. “Strong growth” was recorded in Germany as well, according to CBRE’s quarterly report. Revenues from consulting services for property sales, however, fell by 7%, due to market conditions for property sales worldwide and a difficult comparison with Q1 of 2018. CBRE does not usually publish figures for its business in Germany.
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