10th February 2017 : CBRE EMEA Q4 / Full Year 2016 Results:
Commenting on CBRE’s 2016 EMEA financial results, Martin Samworth, CEO CBRE EMEA, said:
“2016 was another record year for CBRE in EMEA with double digit revenue and adjusted EBITDA growth in local currency. Our Continental European business performed exceptionally well with France, Germany, Spain, the Netherlands, Switzerland, Belgium, the CEE region and the Nordics all making significant contributions. Our revenue gains reflect the broad diversification of our EMEA business today.
In a year when the UK-wide property market saw a material decline in total sales volumes, the strength and diversification of our business meant that over all, we were able to grow our revenues in the UK for the fourth quarter and the full year. Notably, we had a superb fourth quarter in London with our teams continuing to advise on high profile transactions such as the Barclays’ 536,400 sq ft assignment to the Government Property Unit at Canary Wharf.
While we fully expect this year to bring a more changeable and challenging macroeconomic environment, we start the year in great shape across the region and we are strongly positioned to deliver the full depth and diversity of our unparalleled service offer for our clients.”
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