Real estate consulting firm, CB Richard Ellis Group, Inc. (CBRE) bagged the award for being the "Best International Property Consultancy" of the year during the International Property Awards held in London on Saturday.

The event, held in association with Bloomberg Television and the New York Times, is one of the foremost property award competitions in the world, having existed for more than 15 years.

CBRE was selected for this "world's best" award over other top-scoring regional winners from Europe, Africa, Asia Pacific, Arabia and the Americas. CBRE was also the winner of the "Best Commercial Property Consultancy" award for London, qualifying the company for consideration in the overall international award. The International Property Awards were determined by an independent panel of judges.

This year's panel of judges included: Google UK's industry head property markets; group chief executive of the National Federation of Property Professionals; president elect of International Real Estate Federation FIABCI; International Consortium of Real Estate Agents Association.

CEO of CB Richard Ellis, Brett White, said: "Winning this highly coveted award is a strong endorsement of our people and platform as well as our ability to develop innovative solutions that enable our clients to succeed throughout market cycles."