Colliers CRE sees H1 revenues slide, plans capital raise

UK commercial real estate consultant Colliers CRE saw revenues drop by 32% to £27 mln (EUR 29 mln) in the first six months of 2009 from £40 mln a year before. The company said that 'market conditions are among the most difficult faced by the industry given the virtual standstill in transactional activity arising principally out of the turmoil in financial markets.'

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