CB Richard Ellis has signed an affiliate agreement with MBL EOOD, a leading real estate services provider in Bulgaria, thereby strengthening its presence in the Central and Eastern European (CEE) region. The agreement follows last year's acquisition of Eurisko Consulting in Romania and the affiliation with Atria Group in Greece.

CB Richard Ellis has signed an affiliate agreement with MBL EOOD, a leading real estate services provider in Bulgaria, thereby strengthening its presence in the Central and Eastern European (CEE) region. The agreement follows last year's acquisition of Eurisko Consulting in Romania and the affiliation with Atria Group in Greece.

Established in 2007, MBL employs 15 people and is based in Sofia. CBRE said the company has developed a strong reputation in the Bulgarian commercial real estate market and provides services to local and international clients, including developers, investment funds, institutions, retailers and occupiers.

Colin Waddell, managing director of CEE for CB Richard Ellis, commented: 'Local advice with a strong international perspective has never been so important. Bulgaria is an important country in the CEE region with positive long-term growth prospects that will feed into the local real estate market. We are excited by our new affiliation and are confident our clients will benefit from our collaboration with MBL.'