CB Richard Ellis Group saw its second-quarter profit rise by 12 per cent as property sales picked up.
The Los Angeles-based company reported a profit of $61.2 million, or 19 cents a share, up from $54.8 million, or 17 cents a share, a year earlier.
Excluding restructuring charges and other impacts, per-share earnings rose to 21 cents from 18 cents as revenue grew 21 per cent to $1.4 billion.
The strong performance saw shares continue to a rise which has seen them pick up 49 per cent in the past year.
Martin Guest, managing director of CBRE’s Birmingham office, said: “In what continues to be a challenging market, the business has maintained momentum and we have consolidated our market leading position with growth across both the industrial and office agency teams.
" The industrial team, headed by Richard Meering, achieving a 60 per cent share of the big sheds market, while the office team has enjoyed equal success, recently winning major instructions on Two Snowhill and The Mailbox.
“This is testament to the teams’ strong local market knowledge and expertise, coupled with the firm’s national and international reach.
“In the last year, we have also strengthened the planning and property and asset management teams with the respective appointments of Phil Scott and Mike Ware, while continuing to grow the wider office team.
“Overall, the business is in a strong position as we enter the second half of the year.”