CBRE, the world's biggest commercial real estate firm, lifted its full-year earnings guidance after posting a 19 per cent rise in third-quarter global revenues, driven by the continued surge of global capital into commercial property. 
The firm's Australia and New Zealand businesses, which operate as CBRE Pacific, was the standout performer in the Asia-Pacific region, with revenues up 33 per cent over the quarter compared to the same quarter last year, driven by record levels of offshore investment into commercial real estate.
CBRE Pacific executive chairman Tom Southern said   September quarter revenue growth was the strongest since the global financial crisis.
"During the quarter, we also continued to see a strong influx of offshore buyers who accounted for the highest proportion of retail, office and industrial sales in our ten years of record keeping, including both CBRE and non-CBRE transactions," said Mr Southern.

Significant capital market transactions
Driving revenue growth was the completion of a number of significant capital market transactions led by the record $635 million sale of Waterfront Place in Brisbane to the Dexus Property Group.
Other standout performers included CBRE's metropolitan investments business with revenue up 86 per cent on the same period last year and office leasing, where revenue rose 45 per cent, reflecting recent improvements in the Sydney and Melbourne CBD office markets.
Globally, CBRE revenues rose to US$2.7 billion ($3.8 billion) over the   September quarter taking total revenue for the first nine months of the year to US$7.2 billion ($10.1 billion).
Over the first nine months, adjusted net income was up 25 per cent to US$417.7 million and earnings per share up 24 per cent top U$1.24.
As a result of the strong revenue growth over the quarter, CBRE lifted guidance by 10&cent; from that announced in the second quarter to US$2-$2.05 earnings per share implying 20 per cent year-on-year growth.

Global leasing strong
The Los Angeles-based, New York-listed firm noted "strong capital flows into commercial real estate" with global leasing remaining strong and occupier outsourcing revenue - services like facilities management - one of the best performing business units.
"As we enter the fourth quarter, 2015 is clearly emerging as another exceptional year for CBRE," said Bob Sulentic, the company's president and chief executive officer.
"We continued to post double-digit growth on the top- and bottom-lines with broad-based strength in our business around the world," Mr Sulentic said.
CBRE's Asia-Pacific business produced 12 per cent revenue growth (29 per cent in local currency) to US$755 million over the quarter with earnings rising from US$54.7 million to $66.4 million "led by Australia, Greater China and India".