International private real estate services group Cushman & Wakefield posted a nearly 22% increase in gross revenue to $518.8 mln (EUR 380 mln) in the third quarter, versus $426 mln in the same period a year before. As a result, the company saw its net losses narrow to $19.4 mln in the first nine months of the year, versus $22.3 mln in the same period in 2010.

It was the company's eighth straight quarter of double-digit revenue growth, the broker's parent company, Exor said in a statement.

For the first nine months of 2011, revenus came in at EUR 1.4 bn, up 19.2% on the year-earlier period.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 32.9% to $33.1 mln in the three months to end September, compared to $24.9 mln a year earlier.

The results are in line with quarterly revenue performances announced by competitors JLL and CBRE earlier this month.

New York-listed real estate services firm CBRE saw revenue rise 21% to $1.5 bn in the third quarter. The positive figure - which compares to some $1.3 bn in Q2 2010 - was mostly driven by strong growth in outsourcing, which reported the strongest growth rate for this business line since the third quarter of 2008.

Similarly, JLL reported 28% revenue increase in Q3 to $903 mln (EUR 655 mln), largely driven by the $319 mln acquisition of King Sturge earlier this year.