CB Richard Ellis (CBRE) posted a net profit of $34.4 mln (EUR 23.5 mln) in the first three months of 2011, compared to a loss of $6.6 mln in the same period a year before. The much-improved performance, driven by a sharp increase in revenue linked to growing property sales, comes against a backdrop of steadily improving market fundamentals globally.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
