Colliers CRE plunges into the red

Colliers CRE, one of the UK's leading commercial real estate consultancy service groups, has reported a post-tax loss of £10 mln (EUR 11 mln) in 2008 compared with a profit of £7.9 mln a year before following 'profoundly difficult markets'. In its preliminary figures issued on Tuesday, the broker said revenues dropped to £78 mln in 2008 from £117.5 mln a year earlier.

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