News

Q2 2010 revenue rose 23% to US.2 bln

CB Richard Ellis reports improved financial results for Q2 2010. Revenue for the quarter rose 23% to US.2 billion. This is the strongest year-over-year quarterly growth since Q4 2007. Earnings per share (EPS), adjusted for selected items, rose more than four-fold to US.18. This is well ahead of the US.09 analyst consensus estimate. Earnings Before Interest, Taxes, Depreciation and Amortizati...

NEW OFFICE OF “WORLD PERFECT TRANSLATIONS” IN ALMATY

Scot Holland CBRE has announced the closing of a deal for securing new office premises for “Word Perfect Translations” in Almaty, Kazakhstan. The necessity to expand the existing office was prompted by the growth and development of the company in Kazakhstan. Word Perfect Translations is a 100% Irish-owned company, established in 2001 and providing a range of interpretation and translation services...

Moscow attracts 72% of luxury retailers

Moscow is in ninth place, with 72% of luxury retailers present, according to the new edition of How Global is the Business of Retail? by leading global real estate adviser CB Richard Ellis. Tokyo and Milan share this position in the rankings along with Moscow. Hong Kong maintained its position as the most popular global destination for luxury retailers, attracting 91% of luxury brands surveyed as...

The CEE real estate market saw an increase of 32% in investment activity

CEE real estate investment turnover reached €953 million in the second quarter (Q2) of 2010, a 32% increase on the €721 million transacted in the first three months of 2010, according to the latest data from CB Richard Ellis. Investment turnover rose despite the stress factors emerging in the broader capital markets, such as the sovereign debt crisis and the introduction of austerity measures by m...

CBRE Ranked #1 in Global Property Management

We have now been ranked as the industry leader for seven consecutive years. CB Richard Ellis has once again been named as the number one firm in National Real Estate Investor‘s annual ranking of the top property management companies. With 230 million sq m under management globally, our portfolio is more than 50 percent larger than our nearest competitor. There is approximately 800,000 sq m Propert...

Moscow sees the largest office yield reduction

The largest office yield reduction during Q2 2010 was in Moscow (down 100 basis points to 11%), according to CB Richard Ellis’ latest EMEA Rents and Yields Indices. The Hague has taken the number two position (down by 35 basis points to 5.75%). The report shows that prime rents and yields across key European markets remained broadly stable in the second quarter (Q2) of 2010.Evidence of rental impr...

European governments turn to property asset sales to help bolster public finances

With several European governments recently announcing deficit-reduction plans, the motivation for many governments to sell public sector-owned property assets to raise much-needed capital will become more widespread across Europe in the next 12 months. The global banking crisis and recession have led to a sharp deterioration in public finances in most major economies. As a result, a number of Euro...

CB Richard Ellis Group Inc. earns Frost & Sullivan’s Global Excellence in Outsourcing Award

CB Richard Ellis Group, Inc announced that it is the first recipient of Frost & Sullivan’s Global Excellence in Outsourcing Award in the commercial real estate services sector. Frost & Sullivan researchers evaluated five leading outsourcing firms based on the following criteria: market intelligence, cost optimization, impact of outsourcing on the firm’s growth, value creation and innovation.

London is the only major market where there is interest in reactivating delayed schemes

The combination of an uncertain rental outlook and constrained access to development finance will delay the start of the next European office development cycle, according to a new report by CB Richard Ellis "A new office development cycle? Not yet.". London is currently the only major market where there is any substantial evidence of interest in reactivating delayed schemes for delivery beyond 201...

Trend of migration by occupiers to the central areas of Moscow grows

In particular, take-up in CBD could account for 24% of the total 1H 2010, reaching 200,000 sq m while during the same period in 2009 this was 69,000 sq m (16% of total city take-up) It’s important to note that strong demand for space in the CBD put downward pressure on the vacancy rate, which fell from 15% in Q1 to 13% as of June 2010. Vacant space in the area is located mostly in Class A space, a...
Online Application
Make a request for the purchase or lease of real estate
Online application