CB Richard Ellis (CBRE) posted net profit of $61.2 mln in the second quarter of 2011, a rise of 12% year-on-year and largely due to strong property leasing and sales activities.

The New York-listed property services firm said in a statement, revenue increased 21% to $1.4 bn in the second quarter. Earnings before interest, taxes depreciation and amortization (EBITDA) rose 3% to $166.1 mln.

'Despite continued uncertainty in the macro environment, revenue rose by double digits in nearly every service line in all three geographic regions,' said Chief Executive Brett White.

Reflecting the strengthening of the real estate capital markets, sales revenue grew 44% globally. Outsourcing revenue improved 13% with the company signing a record 47 long-term outsourcing contracts, including 15 with new clients.

Geographically, the Americas was the company’s fastest growing region with a 24% revenue increase. Asia Pacific revenue rose by 19%, due primarily to strong performance in Australia, China and India. Notwithstanding continued sovereign-debt concerns, EMEA revenue rose 16%, driven by leasing and outsourcing growth.

In addition, CBRE said it has now completed its acquisition of almost all of ING Group's global listed real estate securities business, now known as CBRE Clarion Securities, and said it remains on schedule to close the acquisition of ING Group's real estate investment management businesses in Europe and Asia later this year.