Privately-held commercial real estate services firm Cushman & Wakefield (C&W) swang to a net profit of $25.7 mln in 2010, compared to a loss of $115.8 mln in 2009. The company said it closed 2010 with four consecutive quarters of double-digit revenue growth, driving full-year commission and service fee revenue to $1.4 bn, up from $1.2 bn the year before.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
