CB Richard Ellis Group, the world's leading real estate services company, said fourth-quarter adjusted profit rose 34% to $115.4 mln (EUR 84.9 mln) on revenue 27% higher at $1.65 bn. The better-than-expected performance lifted full-year profit, excluding selected charges, by 118% to $239.8 mln. Revenue increased 23% over the year to $5.1 bn from $4.2 bn in 2009.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
