The world’s largest real-estate services firm has raked in a significant increase in profits as improving sentiment in Europe boosts commercial property transaction activity in that market.

Californian based CBRE saw a 60 per cent rise in underlying earnings from $US51.5 billion in the first quarter of 2013 to $82.4 million in three months to March this year. Driving the result was a rebound in transaction activity across the EMEA region, where stronger transaction activity in Europe…