Cushman & Wakefield revealed today a 23% increase in turnover to $1.5bn (£763m) last year
The steady rise followed the 21% increase in 2005. Turnover from the Europe, Middle East and Africa (EMEA) region rose by 29% to £212m with profits rising by 52%. UK turnover increased by 23% to £90.2m, driven by the continuing high levels of investment deals.
The 250-strong European capital markets group advised on more than E17bn (£11.2bn) of deals, an increase of nearly 40% on the previous year.
It said all 23 of its European offices, which form a single partnership, were profitable last year. The strongest-performing offices were Germany and Poland, which increased revenue by 60%, and Russia, which saw revenue growth of 70%.
EMEA CEO Paul Bacon said: ’We are looking to double our turnover and profits in Europe over the next five years and we will continue to expand through a combination of organic growth and by acquisition when the right opportunities present themselves at the right price’.