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Property giant CBRE beats forecasts
CBRE, one of the world’s largest commercial property providers, last night unveiled a 22 per cent rise in fourth quarter profits, far surpassing Wall Street’s forecast, with strong sales in all regions, particularly the Americas.
Profit jumped to $181.9m (£115m), up from $149.3m a year earlier. Revenue rose 14 per cent to $2.0bn.