1. Intra-regional: Both purchaser and vendor originate from the region where the asset is located.  For instance, a US REIT purchasing in Canada, or a German Open Ended Fund selling in the UK. 
2. Inter-regional: Purchaser, vendor or both originate from outside the region where the asset is located. For instance, a US REIT purchasing in Denmark, or an Australian Pension Fund selling in Canada.
3. Cross-border: Refers to any purchaser, vendor or both that originates from outside the country in which the relevant transaction occurs. Categorized into Inter-regional and Intra-regional transactions.
4. Domestic: Refers to any investor that originates from within the country in which the relevant transaction occurs. Transactions involving both “domestic” purchaser and seller are referred to as “domestic” activity.
5. Entity-level transactions, development projects and multi-family residential investment are excluded from our provisional data and may change.
6. Jones Lang LaSalle converts transaction values into USD at the average daily rate for the quarter in which the transaction occurred. In other words, the foreign exchange effect has not been removed.
7. Global Funds are funds which raise capital in multiple regions.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page.  Bookmark it here:  http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/News.aspx.

SINGAPORE, 3 MAY 2012 - Jones Lang LaSalle (NYSE: JLL), the global financial and professional services firm specializing in real estate, has been honoured at the International Property Awards Asia Pacific, in association with HSBC, held in Kuala Lumpur on 27 April 2012. The firm won a total of 12 awards; the five star ‘Best Property Consultancy’ award in nine countries across the region, and highly commended awards in a further three countries.

Alastair Hughes, CEO, Jones Lang LaSalle Asia Pacific said: “We are honoured to have once again been recognised across so many countries at the International Property Awards in Asia Pacific. These awards are important as they are recognised throughout the industry and are judged by an independent panel of industry professionals.  We strive constantly to provide the best service to our clients and to be able to do this we employ the best people; these awards are confirmation of this focus on excellent client service and recognition of the talent and dedication of all of our employees in Asia Pacific.”

Jones Lang LaSalle secured the five star award in the following countries: Australia, China, India, Japan, New Zealand, Philippines, Singapore, South Korea and Taiwan.  The firm was also named Highly Commended Property Consultancy in Hong Kong, Indonesia and Thailand. 

• Preliminary Q1 2012 volumes down 23% on Q1 2011 at US$75 billion
• However, real estate fundamentals remain attractive despite continuing economic uncertainty
• Total volumes in Q4 2011 revised up to US$112 billion, making it the most active quarter since Q2 2008
• Full year 2011 volumes also revised up to US$418 billion, the fourth highest year on record
• Full year 2012 forecast remains consistent with 2011 at circa US$400 billion

LONDON, CHICAGO, SINGAPORE,  10 APRIL 2012 - Preliminary direct commercial property transaction volume figures released today by Jones Lang LaSalle Capital Markets Research demonstrated a subdued first quarter of 2012, with recorded volumes down compared to the same period in 2011.

All major commercial property markets globally recorded a quieter start to the year after a very active 2011, particularly in the final quarter. Also, substantial one-off transactions in established markets, such as the sale of the Trafford Centre Shopping Centre in the United Kingdom for US$2.6 billion that enhanced volumes in Q1 2011 were not repeated in Q1 2012, leading to a fall in total volumes recorded. The decline was also due to sustained economic pressures restricting the availability of debt finance, especially for new borrowing.

Arthur de Haast, Head of the International Capital Group at Jones Lang LaSalle said: “Whilst volumes are down in Q1 2012 and the economic backdrop remains uncertain, the underlying attractiveness of real estate continues due to strong demand and sound fundamentals. The final quarter of 2011 was one of heightened uncertainty in Europe, but reassuringly policy makers realised the seriousness of the situation and took the appropriate action, which helped to stimulate activity across the continent.”

“Volumes and sentiment in the US continues to improve with growth increasing by 16% on a year on year basis in Q1 2012, on the back of improving economic indicators. Canadian and Mexican volumes increased more than 50% over the same period.”

“2011 was the second strongest year on record for Asia Pacific with annual volumes at US$98 billion.  Despite a slowdown in Q1 2012 compared to Q1 2011, we expect performance to improve during the coming months as monetary and fiscal policy is gradually loosened around the region.”

The desire to close deals in the final quarter of 2011 was evident with a further upgrading of the full year numbers.  Such was the extent of activity in 2011 as a whole that it will take time for that momentum to build again in 2012.

David Green-Morgan, Global Capital Markets Research Director at Jones Lang LaSalle commented: “Commercial property continues to draw capital and interest from institutional investors, increasingly through allocations diverted away from equities, commodities and other asset classes. This trend will continue as the attraction of fixed assets increases in line with the predicted rise in global inflation over the medium-term. Whilst the global economic road ahead might not be completely smooth, investor sentiment remains positive. The on-going debt issues in commercial property will continue to pose problems for some and present opportunities for others all of which will contribute to transactional activity.”

Concluding, Mr de Haast added: “Whilst the prime, major cities of the world such as London and New York will continue to attract large amounts of capital we expect investors to examine more closely the increasing number of opportunities in secondary markets as pricing in this area continues to adjust.”

While investors remain somewhat cautious most are continuing to execute their strategies albeit with longer transaction times and more detailed underwriting.  Given the weight of capital available Jones Lang LaSalle expects full year 2012 transactional volumes to be consistent with 2011 at circa US$400 billion, with a number of portfolio deals globally expected to boost activity.  2012 is likely to be another year dominated by policy responses to changing economic conditions, for activity to materially surpass 2011 we would need to see more debt available globally and for a sustained increase in activity in secondary markets, which we haven’t seen as yet in 2012.
 

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Notes to Editors

Global Commercial Real Estate Volumes by region (US$ Billion)

Source: Jones Lang LaSalle

Quarterly Breakdown of Global Commercial Real Estate Volumes by region (US$ Billion)

St John Woods Residence, Kuala Lumpur

SINGAPORE, 20 February 2012 – Jones Lang LaSalle announced today the launch of St John Woods Residence Kuala Lumpur, a luxury, high rise development offering  48 apartments in a 33 storey tower.

St John Woods Residence, named after the famous St John’s Institution at Jalan Bukit Nanas, is conveniently located off Jalan Raja Chulan, in the neighbourhood of BursaMalaysia, Istana Pahang, Menara Maybank and Menara Olympia. The project benefits from an expansive vista over the greenery at Bukit Nanas Forest Reserve, the oldest rainforest in Kuala Lumpur city.

The entire development is comprised of a single tower with east and west wings offering only 1 apartment per floor on each wing, served by 2 sets of private lifts, and are exquisitely appointed and finished with marble and timber floors. The apartment configurations are  3+1 bedroom/s of 3,660 sq ft and 4+1 bedroom/s of 4,489 sq ft.  Luxury facilities include an infinity edge pool with views of KL and PetronasTwinTowers.

David Neubronner, Head of Singapore Residential Project Sales at Jones Lang LaSalle commented that “St John Woods Residence offers high quality product at a competitive price which suits both end users and investor purchasers. The current market rent for such an apartment is around RM 3.50 psf per month, which will give the investor a gross yield of 5% plus p.a. Given the additional buyers stamp duty measures imposed by the Singapore government in December 2011 on Singapore property purchases, there is a push factor which encourages high networth Singaporeans to consider investing in overseas properties.”

Mr Neubronner added that “Kuala Lumpur is a familiar city to many Singaporeans and Malaysia is considered a safe investment destination with potential for capital growth.”

Given the Malaysian government’s commitment to invest heavily in domestic infrastructure and a concerted effort to attract more foreign direct investments, Malaysia’s economy is expected to remain resilient and growth steady and sustainable.

St John Woods Residence is developed by AM-EL Group, a diversified business entity with close to 30 years of experience in property development. Some of the notable projects by AM-EL Group include Merc Residence in Kuala Lumpur, Crystal Prestige Condominium 1 and 2 in Penang, Dataran Pahlawan Shopping Complex in Malacca and CrystalCreek at Maxwell Hill, Taiping.

Selling price for St John Woods Residence starts from RM 2.8 million (S$ 1.16 million), or RM 800 psf (S$ 331).

A private preview will be held on Thursday, 23 February 2012 at the Hilton Singapore.

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About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 22,000 employees operating in 78 offices in 14 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.ap.joneslanglasalle.com

200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619

The 2011 FYP establishes new metrics for improvement on existing criteria, and adds new environmental goals, including:

• Reduction in energy use per unit of GDP:  16%
• Reduction of carbon emissions per unit of GDP:  17%
• Reduction of water use per unit of value-added industrial output:  30%
• Share of non-fossil fuel in primary energy consumption:  11.4%
• Strategic emerging industries as percentage of overall GDP:  8%

• A review of Australia’s aggressive new green mandates
• An interview with the Vice President of International Operations at the U.S. Green Building Council on LEED’s International Impact
• A perspective by Peter Hilderson, Asia Pacific Head of Energy and Sustainability Services, on sustainability trends in the region 
• Recent green building legislative developments in Australia, Canada, France, UK and US

The Outside Central Region (OCR) provided the bulk of new supply across the island this month as some 1,975 units were launched, some 90% of the overall new supply in January. Of this, 77% (or 1,520 units) were delivered at two schemes – Watertown, where 992 units were launched, and The Hillier, where 528 units were launched. Outside of this, further large launches included Parc Rosewood, where 236 units were launched and Riversound Residence which provided an additional 200 units. Sales activity remains strong in the OCR, with the take-up rate reaching 89% this month as residual demand remains. Overall 66% of sales in the OCR were at Watertown and The Hiller, where take-up reached 78% and 73% respectively. Even without these two large developments, 604 units were sold in the OCR in January, an increase of 24% on the December total.

Outside of the OCR activity remained muted. There were no new launches in the Core Central Region (CCR) as previously launched developments continue to have units available for sale, and sales activity fell by 51% m-o-m to just 17 units as demand for prime properties dwindled.

In the Rest of Central Region (RCR), 224 units were launched in January, with key projects including the newly launched Centra Residences, where all 78 units came to the market, and 71 units at Idyllic Suites. Take-up however was weak, with only 17% and 4% of units sold at each development respectively and 94 units across the region in total. In the RCR overall, the take-up rate reached 42%, significantly down on the 81% in December 2011.

Following the measures introduced by the government in December 2011, we have revisited our analysis of the policy impact in the first 30 days following its introduction.

Table 2: Weighted Sales Volume of Transactions Pre and Post Policy

Collective Sale by Tender closing on 21 March (Wednesday) 2012 at 3pm

SINGAPORE, 13 February 2012 - Sole Marketing Agent Jones Lang LaSalle is presenting for collective sale by tender, a prime freehold residential and commercial redevelopment site known as Tai Keng Court.

Tai Keng Court is located along 2 to 32, 2A to 32A, 2B to 32B Jalan Lokam (even only) and 296 – 310, 296A – 310A, 296B – 310B and 296C – 310C Upper Paya Lebar (even only). The freehold site, of 103,798 sq ft is zoned ‘Commerical & Residential” with a gross plot ratio of 1.4, with an allowable building height of up to 5 stories. An adjoining state land of 463.4 sq m could potentially be amalgamated yielding a potential gross floor area of up to 152,301 sq ft for the combined site, subject to the relevant authorities’ approval. Some 121 residential units of average size of 950 sq ft and 30 commercial units of average size of 700 sq ft could potentially be built on site. Tai Keng Court has prime frontage along Upper Paya Lebar Road and consists of 56 strata apartments and 23 commercial units located in two 3/4  storey walk up blocks. Over 80% of the owners have consented to the sale.

The site is located near Bartley MRT Station, Serangoon MRT and Interchange Station, NEX Mega Mall and Kovan Heartland Mall. In addition, reputable schools such as Paya Lebar Methodist Girls’ School, Maris Stella High Primary School, Maris Stella High School, St. Gabriel’s Secondary School, Cedar Primary and Cedar Girls Secondary School, Stamford American International School and Australian International School are located nearby.

Ms Quek Soh Hoon, National Director and Head of Commercial, Investments at Jones Lang LaSalle comments, “The Site is conveniently located within an established residential area. The commercial component enables the successful bidder to incorporate retail amenities as well as food & beverage outlets in the new development. Such integrated developments are well received as evident in recent launches such as The Hillier, Watertown @ Punggol and Bedok Residences.”

The indicative price is in the region of $130 million (or about $903 psf ppr), subject to the tender process. Approximately $1.325 million is payable for development charge. The tender will close at 3pm on 21 March (Wednesday) 2012.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 22,000 employees operating in 78 offices in 14 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.joneslanglasalle.com.sg,
200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619
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• Rental growth rose the highest in the Americas at 1.2% in fourth quarter over third quarter 2011, as landlord leverage gradually increased in the majority of markets. 
• Asia Pacific markets have seen rental growth decelerating from 2.5% in third quarter to just 0.9% in fourth quarter as corporate demand began to slow. 
• Despite the negative economic backdrop, Europe’s office markets showed some improvement over fourth quarter with growth picking up to 0.4% from a virtual halt in third quarter 2011.
• Leasing volumes will be steady in 2012 with positive rental growth expected in most major office markets with Beijing, Toronto and San Francisco topping the charts with potential double-digit increases.

Note to editors:

• The Jones Lang LaSalle Global Market Perspective is a regular view on the impact of economic forces on property markets worldwide. It is a unique combination of updates from professionals on the ground and the insights of our leading research organization. The latest full report is available to view on: http://www.joneslanglasalle.com/GMP/en-gb/Pages/GlobalMarketPerspective.aspx
• Jones Lang LaSalle’s Global Office Index http://www.joneslanglasalle.com/MediaResources/Global/Global-Office-Index-Q4-2011.pdf tracks the rental performance of prime office space across 81 major markets in the Americas, Asia Pacific and Europe.
• The firm’s current research material on global capital markets can also be found on an interactive website. Bookmark this site for the latest data and views on global capital markets: http://www.joneslanglasallesites.com/gcf.
• Charts available on request.

• The level of cross-border purchasing activity rose from 27 percent in 2010 to 31 percent in 2011.
• Cross-border purchases remain stable, accounting for 30 percent of total volumes in Q4 2011.
• London finishes 2011 as most active city globally, with New York, Paris, Tokyo and Singapore rounding out the top five.
• Transactional volumes in 2012 expected to match that of 2011, but downside risks remain prevalent.

1. Intra-regional: Both purchaser and vendor originate from the region where the asset is located.  For instance, a US REIT purchasing in Canada, or a German Open Ended Fund selling in the UK. 
2. Inter-regional: Purchaser, vendor or both originate from outside the region where the asset is located. For instance, a US REIT purchasing in Denmark, or an Australian Pension Fund selling in Canada.
3. Cross-border: Refers to any purchaser, vendor or both that originates from outside the country in which the relevant transaction occurs. Categorised into Inter-regional and Intra-regional transactions.
4. Domestic: Refers to any investor that originates from within the country in which the relevant transaction occurs. Transactions involving both “domestic” purchaser and seller are referred to as “domestic” activity.
5. Entity-level transactions, development projects and multi-family residential investment are excluded from our provisional data and may change.
6. Jones Lang LaSalle converts transaction values into USD at the average daily rate for the quarter in which the transaction occurred. In other words, the foreign exchange effect has not been removed.
7. Global Funds are funds which raise capital in multiple regions.

Collective Sale by Tender closing on 1 March (Thursday) 2012 at 3pm

Corporate real estate (CRE) executives in the banking industry are seizing upon robust growth opportunities in China and India, and at the same time right-sizing their North American portfolios to support worker mobility programs, according to a survey conducted by Jones Lang LaSalle.

The survey was administered to seven leading U.S. banks and financial services firms representing USD 2,500 billion in total assets under management and employing approximately 170,000 employees across the U.S. and Canada, and found that strategic CRE portfolio management has the potential to positively impact financial pressures.

Iain Mackenzie, head of Jones Lang LaSalle’s Banking Industry Group in Asia Pacific, said: “A geographic rebalancing is taking place. Banking and finance companies are simultaneously controlling costs, especially in mature markets, and expanding in developing countries with bright growth prospects and intensifying competition.”

Key findings of the banking survey include:
• South Asia (primarily India) and North Asia (primarily China) will present the banking sector with the most attractive growth opportunities by 2020.

• More than 40 percent of respondents expect between 16 to 30 percent of their U.S. workforce to be enrolled in a mobility program by 2013, a trend that has the potential to increase employee engagement while lowering operating costs.

• Managing total occupancy costs, increasing the flexibility of their portfolio and increasing space utilization rates all cited as top real estate priorities.
 
India, China remain key expansion targets
When asked whether the banking sector will see contraction or growth over the next 12 months, all respondents said they expect slow to modest growth, albeit at levels less than two percent.

As banking executives create strategies around their future real estate growth plans, geography will play a significant role in the equation, with emerging markets earmarked to experience the strongest growth trajectory. South Asia (primarily India) and North Asia (primarily China) will present the banking sector with the most attractive growth opportunities by 2020, according to the survey. In the near term, most of the respondents plan to downsize their footprints in North America.

These survey results mirror the findings of Jones Lang LaSalle’s Global CRE Survey 2011, where 78 percent of respondents from banking and finance companies said that growth will be the biggest influencer of CRE strategy in Asia within the next three years. The report ‘Trends in the Banking and Finance Sector’ identifies three global trends impacting banking and finance CRE executives, namely smart growth, flexibility and a stronger connection to the C-Suite.

“Banking and finance CRE executives are trying to do more with less. For example, adopting workplace strategies that drive productivity or developing sustainability measures to cut energy costs while enhancing the brand image and responding to customer and employee expectations,” said Mr Mackenzie.

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SINGAPORE, 15 December 2011 – The URA monthly sales volume for private residential units (excluding executive condominiums (ECs)) increased by 22% m-o-m in November 2011 to 1,701 units island-wide. Following a fall in sales activity in October, the Outside Central Region (OCR) rebounded in November and sales also increased marginally in the Core Central Region (CCR). Sales volume fell in the Rest of Central Region (RCR) although fewer launches meant the take-up rate remained high.

Sales in the OCR jumped by 49% m-o-m in November to 1,328 units, exceeding 1,000 units per month for the fifth time this year, and the highest monthly sales in 2011 to date. New launches were also up, helping to drive the new demand in the market, with 1,518 new units launched to the market in November, an increase of some 123% m-o-m. There were several large launches in the region in November, most notably at The Palette, where 450 of the total 892 units were launched, and Bedok Residences, where all 583 units at the development were launched. Both projects enjoyed healthy take-up, achieving a sales rate of 82%. Other new launches in the OCR this month included 128 units at Cardiff Residences, 24 units at D’Hiro@Hillside and Charlton Residences, a landed project where 21 units were made available for sale. This trend affirms our view that the underlying local residual demand is still working its way into the market, supporting these market launches. However the current global economic uncertainty could hold these discretionary buyers back in the meantime.

Sales activity also continued to pick up in the CCR, growing for the second consecutive month, albeit marginally. A total of 82 units were sold in the CCR in November, an increase of 5% m-o-m. Launches, however, continue to outpace demand and the sales-rate remains low at 59%. The only new launch in the month was at The Scotts Tower on Scotts Road, where 56 units were launched and 31 sold at a median price of SGD 3,263 per sq ft. A further 11 units were also released at Scotts Square, all of which were sold in the month. The Marq on Paterson Hill continues to set the bar in terms of median price, with one unit selling at the development in November for SGD 6,841 per sq ft.

Sales activity in the RCR softened in November, falling by 31% m-o-m to 291 units, possibly driven down by the global uncertainty that led to a lower investor confidence in this segment as well as in the CCR. Launches also remained limited and fell to 323 units, a drop of 25% m-o-m. The take-up rate in the region therefore remained healthy at 87%, just ahead of the island-wide average of 86%. New developments continued to be launched in November, including D’Weave, where all 71 units were launched for sale. Take-up at the project was strong, with only one unit left unsold at the end of November. In addition, Giant Land Pte Ltd launched its Suites @ Newton project, comprising 67 units, although demand here was weak with only nine units securing sales. Other new launches included Studio8 (28 units), Suites at Bukit Timah (46 of 71 units launched) and Central Imperial (63 units). A landed housing development with six units at Bright Hill Crescent was also launched in the RCR this month, achieving a 100% take-up rate.

While the headline results from these sales numbers suggest that the recent adjustment to the buyers’ stamp duty is quite timely, a preliminary review of caveats from REALIS showed that the level of foreign buyers in the OCR has been falling since September. Similar trends are also observed in the RCR and CCR regions. While the incidence of this policy falls largely on foreigners, the underlying market trend does not seem to support its implementation, at least not on face value.

In our opinion, this policy has been introduced to provide a financial firewall around the property investment market to discourage the flow of hot money into Singapore from Europe and the US where further quantitative easing measures could be introduced should conditions worsen. This policy is particularly timely in light of Singapore slipping by one position (after Hong Kong, US and UK) in the Financial Development Report 2011 released by the World Economic Forum.

SINGAPORE, 17 November 2011 – Jones Lang LaSalle has successfully awarded the Dragon Mansion collective sale site through a tender sale to Spottiswoode Development Pte Ltd, a joint-venture company owned by Lian Beng Group and Centurion Properties Pte Ltd who each hold 50% equity interest, for $130,000,000. This reflects a land cost of approximately $1,093 psf ppr including a 10% bonus GFA for balconies. Each owner of Dragon Mansion will receive sale proceeds of approximately $1,911,764.71.

The 38,618 sq ft site zoned for ‘Residential’ use with a gross plot ratio of up to 2.8 can be built up to 36 storeys. The freehold site has a potential gross floor area of up 118,943 sq ft including 10% bonus GFA for balconies.

Dragon Mansion, located at 14 Spottiswoode Park Road is currently an 18-storey residential block comprising 68 residential units of 123 sq m each and is within walking distance to the Tanjong Pagar and Outram Park MRT Stations. The subject site offers excellent accessibility being a short drive away from the CBD, Marina Bay Sands and Resorts World Singapore Integrated Resorts. Amenities are easily available and the accessibility to the rest of the island is further enhanced by major arterial roads in the vicinity.

Ms Stella Hoh, National Director and Head of Investments at Jones Lang LaSalle, comments “There was good interest received for this collective sale tender. The positive response and competitive bids amongst the bidders signify a strong interest for prime, rare, freehold redevelopment site. The location of the site speaks for itself, coupled with high accessibility and established amenities. The site offers great potential with sea view.”

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Singapore, 15 November 2011 – The URA monthly sales volume for private residential units (excluding executive condominiums (ECs)) decreased by 15% m-o-m in October 2011 to 1,387 units island-wide. While the Core Central (CCR) and Rest of Central Regions (RCR) recorded increases in both sales and launches, it was the Outside Central Region (OCR) which was the driving force behind the overall fall as both the number of sales and launches decreased in October following several months of sustained activity.

“This slower demand in the OCR is a reflection of the highly “sentiment” driven nature of the mass market.  The Eurozone is not out of the sovereign debt storm and consumers’ and investors’ confidence has definitely been affected. According to the 3Q Global Consumer Confidence Survey done by Nielsen, Singapore alongside Malaysia showed the biggest decline in consumer confidence level due to the global economic uncertainty” says Dr Chua Yang Liang, Head of Research South East Asia. 

Table 1: Total island-wide (landed & non-landed excluding ECs) units sold

Sales activity in the OCR fell by some 32% m-o-m in October to 893 units following two consecutive months where sales totalled more than 1,000 units. The number of launches also fell significantly, by 55% m-o-m to 682 units. As a result, the take-up rate in this region increased to 131% in October compared with 88% in September as previously launched units are absorbed and latent demand remains for residential units.

New launches remained limited in the OCR in October with only three new projects coming to the market, namely D’Zire, where developer Robeyfort Land Pte Ltd launched an initial ten units at the 47 unit development, The Seawind where 61 of a total 222 units were launched and Parc Vera where 190 of the overall 452 units were launched. Take-up activity was mixed, varying between 20% at D’Zire up to 76% at Parc Vera. The overall take-up rate in the OCR was boosted by activity at previously launched developments, and most notably at EuHabitat where 61 units were sold but only two units launched this month, a sales rate of 3,050%. Overall, 612 of the 687 units launched to date at EuHabitat have been sold. Also experiencing good sales activity were Seastrand, with a monthly take-up rate of 228%, A Treasure Trove, where take-up reached 112% for October and Bliss @ Kovan which secured sales on 26 units with only 25 launched this month.

Activity picked up in October in the CCR with sales volume increasing by 54% m-o-m and launches by 110% m-o-m. The only new launch  was at Priscious Pte Ltd’s Three Balmoral where the first 20 units were launched at the development but only three units secured sales. D’Leedon continues to be the main contributor of new supply in this market, with a further 150 units launched this month bringing the total number of units launched here to date to 800, with 56% of units sold. While sales activity picked up overall, the risk of oversupply continues to blight this market as the overall take-up rate continues to fall and was only 34% in October.

The RCR also experienced an increase in both sales and launch activity, up by 40% and 60% m-o-m, respectively. The take-up rate in the RCR also increased to 97% in October as buyers continue to soak up the available stock in this market. There were several new launches in October in the RCR, the largest being Regent Residences on Serangoon Road where all 180 units at the development were launched, with sales secured on 128 units. In addition, all 106 units at Rezi 26 in Geylang were launched achieving an overall take-up rate of 85% while Kay Lim Investment Pte Ltd launched all 48 units at its Rangoon 88 development, securing sales on 35 units.

Overall, market sales volume (and launches) has been softening islandwide. After the surge in September, sales volume is heading back around the July and August 2011 levels of some 1,300 – 1,400 units per month. The final quarter of the year is typified by lower market activity of some 30% to 45% of the third quarter. “With the global economic headwind and the seasonal slowdown, market sales activity in November and December could achieve some 900 – 1,200 units per month, bringing the final quarter sales volume to 3,200 to 3,800. The full year sales could close at 15,800 to 16,500 units – similar to 2010’s level of some 16,600 units that was reportedly sold according to this URA monthly series that started in 2007” adds Dr Chua.

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SINGAPORE, 11 November 2011 – Sole Marketing Agent Jones Lang LaSalle is presenting a special preview cum investment seminar of Shiki Niseko, Hokkaido, Japan in Singapore this Sunday at the Hilton Singapore. The development is AP Land Berhad’s, a member of Low Yat Group, and is their first venture into Japan presenting luxury ski resort service apartments.

The speaker at the seminar event is Mr Eddie Guillemette, an investor and ex-investment banker. Eddie spends a great part of his time living and investing in Niseko and will share his experience and insight of investments in Niseko.

Niseko is internationally renowned and voted in Forbes Traveller as the world’s second-snowiest ski resort and is easily accessible from the city of Sapporo and its international airport.

SHIKI, situated in Upper Hirafu, which means “four seasons” in Japanese, features 68 apartments and 5 commerical lots. The development offers five star facilities such as a Michelin Star restaurant alongside a rejuvenating spa and more.  Furnished by celebrated designers, the residences are highly specified and many have breathtaking views of Mt. Yotei. Residents can ski all day – and into the night – then unwind in their very own spa, overlooking the mountains. For those who prefer urban pleasures, a wide variety of shops, restaurants, nightclubs and spas are located nearby, providing an excellent opportunity to experience Japan in style.

“These apartments will appeal to buyers from around the world,” says Ms. Low Su Ming, Joint Managing Director, of AP Land Berhad in Malaysia. “They are design masterpieces in an area that is famous for its climate and great views, and they are a secure investment. We are confident that Niseko will continue to grow in years to come. It is a first class destination all year round and offers a variety of attraction from skiing to golfing, trekking, mountain biking, rafting and more which are available for the whole family. 

Mr David Neubronner, Head of Residential Project Sales at Jones Lang LaSalle, comments “Singaporeans today are more affluent and always searching for exciting holiday and investment options around the world. Niseko Hokkaido is an up and coming investment destination for the discerning global investors. Investors will be blown away by its beauty and vibrancy. Shiki Niseko offers a unique opportunity to invest in a luxury development that is sure to retain its value”.

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SINGAPORE, October 21, 2011 – The Orchid Hotel Singapore has been officially launched for sale by exclusive agents Jones Lang LaSalle Hotels. Occupying a prime central business location, the newly constructed 272-key property is being offered with the benefit of vacant possession of brand and management.

Tom Oakden, Executive Vice President of Investment Sales Jones Lang LaSalle Hotels, who is handling the sale for the owners commented "The sale of the Orchid Hotel is a rare and exciting opportunity for an owner operator or investor to acquire and re-brand a significant hotel asset in the heart of Singapore, arguably one of the most sought after hotel markets in Asia Pacific, if not the world."

He added, "The last hotel sold by Jones Lang LaSalle Hotels in the open market in Singapore with vacant possession was the Crown at Orchard in 2005. The Orchid Hotel will certainly appeal to a much wider audience of buyers than we have seen for encumbered assets as has been the type of sale that has dominated the Singapore hotel investment market in recent times with sales such as Crowne Plaza Changi Airport, Park Regis and ibis Bencoolen."

Jones Lang LaSalle Hotels are conducting a two-stage sale process with Expressions of Interest being called for in early November.

SINGAPORE, 18 October 2011 – Sole Marketing Agent Jones Lang LaSalle is presenting for collective sale by tender, a large freehold residential redevelopment site, Faber Garden, located along Upper Thomson Road.
 
The redevelopment site has an area of approximately 544,738 sq ft, zoned for ‘Residential’ use with a gross plot ratio of up to 1.6. The potential gross floor area of up to 958,748 sq ft (inclusive of 10% balcony), subject to relevant authorities approval could potentially yield some 760 apartment units at an average size of 1,200 sq ft.  An estimated development charge of approx. $31.2 million is payable.  The building height is subject to evaluation.

Faber Garden, located at Angklong Lane currently comprises a total of 5 blocks accommodating 3 shops units and 233 apartments, maisonettes, penthouses and townhouses. The site is within close proximity to Bishan, Ang Mo Kio and Marymount MRT Station with a future MRT Station on the Thomson line expected within walking distance. The subject site is also within close proximity to renowned schools such as Ai Tong Primary School, which is within 1-km radius of the subject site, St Nicholas Girls’ School & Raffles Institution.
 
Ms Stella Hoh, National Director and Head of Investments at Jones Lang LaSalle, comments “The subject site offers a potential developer an opportunity to acquire a large piece of freehold land in a prime residential location. The future development will be a premium condominium with its location, unblocked panoramic views of the reservoir and proximity to the prestigious Singapore Island Country Club. In addition, the future MRT Station along the Thomson Line, potentially within walking distance will enhance accessibility to the site.”

The recent launch of neighbouring property, Thomson Grand indicated transactions between $1,400-$1,500 psf. Given the freehold tenure of Faber Garden, the site would command a premium relative to the 99-year leasehold tenure of Thomson Grand, the indicative price works out to be in excess of $830 million ($988 psf ppr). The tender will close at 3pm on 22 November (Tues) 2011.

-ENDS-

SINGAPORE, 17 October 2011 – The URA monthly sales volume for private residential units (excluding executive condominiums (ECs)) increased by 21% m-o-m in September 2011 to 1,631 units, the first increase in sales volume since July 2011. The number of properties launched also increased in September, up by 39% m-o-m to 1,919 units. The Outside Central Region (OCR) continues to be the main driving force behind the increase in sales activity, recording a total of 1,321 units sold in September, while activity in the Core Central Region remains subdued, with sales down 24% m-o-m. Despite the increase in sales activity, the island-wide take-up rate contracted, with only 85% of units launched securing sales in September.

“The surprise upside in September monthly sales only confirms our earlier view of an underlying market need for homes” says Dr Chua Yang Liang, Head of Research, South East Asia. “The market remains price sensitive where projects in the CCR and RCR continue to have limited attraction (less than 50% sales rate) compared to those in the OCR which achieved above 70% such as Sim Lian’s A Treasure Trove at Punggol Walk, EuHabitat at Jln Eunos and Keppel’s The Luxurie.”

The OCR continued to provide the majority of supply and demand in the market, as the number of launches and units sold increased for the second consecutive quarter. The number of units launched increased by 36% m-o-m to 1,504 units as several major new projects were launched this month. These included A Treasure Trove in Punggol where 790 units were launched achieving a take-up rate of 86%. In addition, BBR Kovan Pte Ltd launched its Bliss@Kovan project, where 32 of the 35 units launched were sold, a take-up rate of 91%. Alongside the new launches, several projects released the next phase of units to the market. These included EuHabitat, where 159 more units were launched in September, along with a further 112 at Boathouse Residences, 114 at Terrasse and 100 at The Minton. All of these developments have enjoyed healthy take-up, with more than 70% of units launched securing sales. 

Sales activity in the CCR continues to be subdued despite an increase in launches in September. The number of units sold in this region fell for the fourth consecutive quarter and only 50 units were sold, the lowest monthly total since January 2009, as most developments only sold one or two units that remained from previous launches. The number of units launched however more than doubled to 107 units following the low number of units (29) launched in August. The main contributor to the sales volume was the newly launched Hijuan on Cavenagh Road, where nine units from the 41 launched were sold, a take-up rate of just 22%. Overall take-up rate continues to fall in the CCR and was only 47% in September.

The Rest of Central Region (RCR) saw both sales and launches increase, by 24% and 52%, respectively, as activity in this region picked up. The RCR was also the only region to enjoy a m-o-m increase in take-up rate, reaching 88% overall for September compared with 69% in August. In total, 308 units were launched and 260 units sold in the RCR in September. There was one major new launch in the RCR at The Meyerise, where Hong Leong Holdings Ltd launched all 239 units at the development, although sales activity was subdued with only 45% of units sold. Outside of this, launch activity was limited with the further units released at Thomson Grand (35 units) and Reflections at Keppel Bay (20 units) making up the majority of the remainder.

As far as developers’ new sales numbers are concerned (not taking into account caveats lodged), we estimated a total of 12,643 units of new sales (for all types excluding EC) for the first nine months of 2011. We can expect a slower showing for the remaining of the year given the current economic headwinds coupled with seasonal slowdown. Dr Chua adds “The monthly transaction level could remain between 900- 1,200 units a month for the final quarter of 2011, giving us another 2,700 to 3,600 additional sales by end 2011.This could take the 2011 level to some 15,350 to 16,250 units or 2-8% shy of the 2010 level of 16,620 units”. While prices could face downside pressure if external conditions take another dip and dampen sentiments further, given the strong underlying housing demand, we can expect a strong rebound subsequently”, he added.

– ends –

SINGAPORE, 5 September 2011 – An impressive SGD 200,000 was raised at a charity dinner and auction held in Singapore this month to aid Seeing is Believing, a global initiative aimed at preventing avoidable blindness.

The event, hosted by Jones Lang LaSalle, raised SGD 100,000, with Standard Chartered Bank matching the donations dollar-for-dollar to double the final tally.

Seeing is Believing is a collaboration between Standard Chartered Bank and the International Agency for Prevention of Blindness (IAPB) to eliminate avoidable blindness through increased awareness and medical intervention, helping to bring affordable eye-care to some of the poorest communities across the globe.

On 23 September, Standard Chartered committed to raise USD 100 million by 2020 to build sustainable eye-care services across Asia, Africa and the Middle East, almost trebling its fundraising for the prevention of blindness from 2003 to date. The Bank not only promotes and coordinates fundraising for the programme, but also matches every dollar raised. Since 2003, the Bank has raised USD 37 million globally, leaving a further USD 63 million needed by 2020.

Denis McGowan, Group Head CRES Business Alignment and Asset Management, Standard Chartered Bank said, “Someone in the world goes blind every five seconds and every minute, a child goes blind. But 80% of blindness can be prevented or treated. At Standard Chartered, we believe we have a role as an international bank, to use our skills and experience to help address some of the issues which adversely impact social development – helping to tackle avoidable blindness is one of them. We are delighted to have the opportunity to collaborate with Jones Lang LaSalle to Create the Right Environment for Success. This is part of our commitment to be Here for good and truly make a difference to individuals and communities worldwide.”

John Forrest, CEO Corporate Solutions for Jones Lang LaSalle in Asia Pacific said, “It is fantastic to see people coming together to raise money for such a worthy cause. With a simple eye operation that can cure blindness costing around USD 30, we have raised enough money to help restore sight to some 5,400 people in one night.”

The event was generously supported through sponsorship and a lively auction. Attendees vied to secure time at private holiday homes in idyllic and diverse destinations such as the south of France, Scotland, Thailand, Australia and the United States. Other auction items included two world-class golfing experiences, a photography shoot, a driving day at Malaysia’s Sepang circuit and an indulgent, three-night escape to a Maldives retreat.

Miss Singapore Universe 2010, Tania Lim, donated her time for the cause, attending the event as a special guest.

Jones Lang LaSalle understands the importance of establishing long-term, solid relationships with our clients, the industry and our people. Click here to view our 2010 Corporate Social Responsibility report, ‘Building Beyond Tomorrow,’ and learn more about our sustainable initiatives that give back to the community, the environment and our industry.

– ends –

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue USD2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately USD40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 19,000 employees operating in 77 offices in 13 countries across the region.

Seeing is Believing
Seeing is Believing is a global initiative to help tackle avoidable blindness, and is a collaboration between Standard Chartered and the International Agency for Prevention of Blindness (IAPB). IAPB is the leading umbrella organisation for non-governmental organisations working in the field of eye care. Together with the World Health Organisation, it launched the ‘Vision 2020 – The Right to Sight’, a global campaign to eliminate avoidable blindness by 2020. Seeing is Believing is the single largest contributor to the development of Vision 2020 programmes through IAPB.
For more information, please visit: www.seeingisbelieving.org

Jones Lang LaSalle has confirmed that David Green-Morgan is to join the firm as Global Capital Markets Research Director. David joins Jones Lang LaSalle from DTZ, where he is currently head of Asia Pacific Research.

Arthur de Haast Head of the International Capital Group and Hotels at Jones Lang LaSalle said: “David brings to the role significant capital markets research knowledge and experience, strong research product development skills and excellent client contacts. We would like to welcome David to Jones Lang LaSalle and look forward to working with him to provide capital markets clients globally with market leading quality advice and intelligence.”

David Green-Morgan commented: “My focus at Jones Lang LaSalle will be to drive the global capital markets research agenda, working closely with the Global Capital Markets Board, the International Capital Group and the regional capital markets businesses, as well as the global Hotels business.”

David will start November 2011 and will be based in Singapore. He replaces Paul Guest, who moved to LaSalle Investment Management to head up its Asia Pacific Strategy team.

– ends –

Notes to Editors
1. Jones Lang LaSalle’s Global Capital Flows Analysis:
Provides a set of data designed to help investors understand how commercial real estate capital is moving around the world. The findings are released quarterly, first in the transaction volume analysis represented in this release, and secondly in a broader quarterly report which will be issued for the second quarter in the following weeks. All of the final Global Capital Flows report data can now be found in interactive website which also acts as a portal for media and clients to access Jones Lang LaSalle’s global capital markets research. Bookmark this site for the most up to date global real estate and data at http://www.joneslanglasallesites.com/gcf

About Jones Lang LaSalle 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with USD 45.3 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 20,800 employees operating in 77 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.ap.joneslanglasalle.com

200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619

Corporate occupiers gave Asia Pacific a vote of confidence with 79% predicting either increased (43%) or stabilized (36%) headcount in the region over the coming quarter, according to a recent poll from Jones Lang LaSalle.

Jones Lang LaSalle polled participants from 16 countries in three regions during a recent webinar and the responses are evidence that Asia Pacific will continue to fare better through the current economic volatility.

Jeremy Sheldon, Managing Director of Markets for Jones Lang LaSalle said, “Despite the IMF revising global growth forecasts downward last week, occupiers are maintaining their activity in the region, which reflects the IMF forecasts of 6.2% growth for Asia in 2011 and 6.6% in 2012.”

According to the poll, more than one third (36%) of companies operating in Asia Pacific are focusing their real estate strategies in the coming year on Tier 1 emerging markets, such as Shanghai or Mumbai.

The trend is driven by US-based companies, with the majority (67%) saying that any new activity would be focused on the Tier 1 markets.

Those with their headquarters in Asia Pacific are more likely to focus on established regional centers such as Singapore and Hong Kong (43%) and companies based in EMEA are focused evenly on Tier 1 markets, regional centers, and Tier 2 cities.

“These results are very much in line with the pattern of economic growth that we are expecting in the region and support our expectation that 2012 will see continued take up across the region and that vacancies may fall as a consequence,” said Mr Sheldon.

At the same time, economic volatility means that flexibility is high on the agenda, especially for US-based companies with 60% saying they would be more willing to pay for added flexibility in lease terms today than 12 months ago. In contrast, 75% of companies domiciled in Asia Pacific expect to pay the same, while 13% of all respondents said that are less willing to pay for added flexibility.

“Flexibility is key to survival in uncertain times and companies need to find cost effective ways to add flexibility to their leases,” said Mr Sheldon.

“What we have seen in the last two market cycles is landlords offering concessions that limit rental growth as a way to attract occupiers. We have also witnessed a continued move by occupiers moving certain support operations from tightly-held CBD locations, as in Hong Kong and Singapore, to suburban locations in order to benefit from rental stability and higher levels of available stock,” he said.

Jones Lang LaSalle’s Timing is Everything webinar series explores the latest economic and market trends in the Asia Pacific region. For more information, visit http://www.ap.joneslanglasalle.com/asiapacific/EN-GB/Pages/TimingIsEverythingWebinar.aspx

– ends –

About Jones Lang LaSalle 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with USD 45.3 billion of assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 20,800 employees operating in 77 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.ap.joneslanglasalle.com

200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619

SINGAPORE, 20 September 2011 - Corporate real estate (CRE) executives’ jobs are at risk unless they develop four new critical skill sets, according to the latest report from Jones Lang LaSalle.

In its white paper, ‘The ‘Swiss Army Knife’ CRE Executive’, Jones Lang LaSalle identifies CRE as being increasingly vital to business strategy, with CRE executives facing new challenges and pressures.

Marina Krishnan, Managing Director of Corporate Accounts, Jones Lang LaSalle in Asia Pacific said, “CRE teams were exposed during the global financial crisis as business leaders worldwide increased their focus on the costs associated with real estate portfolios.”

Ms Krishnan identified ongoing economic uncertainty and a continued drive toward greater business productivity as the major challenges placing pressure on CRE executives.

Jones Lang LaSalle’s Global CRE Survey 2011 revealed that two in three CRE leaders are managing objectives that form part of the wider business strategy today. This figure is set to increase to 74% three years from now.

“Driving improved productivity by implementing strategic real estate initiatives can release tremendous value given that real estate typically accounts for 7 to 12% of a corporation’s total operating costs,’’ said Ms Krishnan.

“CRE executives will be expected to develop and diversify both their teams’ and their own skill sets to perform a more strategic function while continuing to deliver on the tactical real estate requirements of the business,” she said.

Four Key Skills

The report outlines four skill sets that are critical for CRE executives to thrive in today’s challenging environment:

1. The Strategist: Identifies trends, plans ahead and manages complexity. The Strategist knows where their environment is headed and uses this insight to align real estate strategy with company strategy.
2. The Value Creator: Drives change, enables productivity and is solution-oriented. The Value Creator finds new ways to achieve productivity and gets things done right the first time.
3. The Agile Manager: Combines multiple skills such as risk management, financial acumen and team leadership. The Agile Manager possesses a strong, multi-skilled manager profile.
4. The Savvy Communicator. Builds relationships, integrates functions and contributes to the brand. The Savvy Communicator is a trusted advisor and supports decision making.

CRE executives face unprecedented challenges and opportunities. Jones Lang LaSalle’s white paper, ‘The ‘Swiss Army Knife’ CRE Executive’ examines the skills, talent and ability needed to survive and thrive in today’s CRE industry.

Download a copy of the report

MUMBAI, September 14, 2011 – On the occasion of International property consultancy Jones Lang LaSalle’s annual Global Board and Global Executive Committee annual meeting in Mumbai, Colin Dyer, President & CEO, Jones Lang LaSalle, gave an update on the global office space front.

"Investors and corporate occupiers have clearly become more cautious due to mounting concerns about sovereign debt and the pace of future global economic expansion,” said Mr. Dyer. “Still, unless there is a major economic setback, we believe that such caution will be temporary and will be replaced by renewed confidence in the final months of 2011.”

Alastair Hughes, Chief Executive Officer, Asia Pacific at Jones Lang LaSalle, also announced two important business expansion initiatives. The first was the launch of its business operations in Sri Lanka

"Jones Lang LaSalle is opening a full-fledged operations branch in Sri Lanka. It is the first IPC to venture out into this lucrative country, based on its findings that Sri Lanka is a real estate boom unfolding even as we watch,” said Mr. Hughes. “Apart from an immense market for organized commercial, residential and retail real estate services, Sri Lanka's progressive market policies give it an incredibly business-friendly environment that is very favourable to investment and economic growth. We see it as one of the most attractive investment destinations in the Asia-Pacific region.”

Alastair Hughes also announced the launch of an enhanced residential property services model - a specialized services division created to cater specifically to the Business to Consumer (B2C) market segment.

“We are launching a dedicated B2C residential services wing in India, which will build on the success of its existing residential business operations in the Asia Pacific region,” said Mr. Hughes. “The primary purpose is to sharp-focus on the broader opportunities of the residential business within the APAC region, particularly in China, Singapore and India.”

As part of this realignment, this business line will now be an integral part of the parent brand - Jones Lang LaSalle – as a separate business entity, in order to boost business synergies and address diverse customer needs, from both brand and operational perspectives. within the Asia Pacific region.

Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India, offered a snapshot of the Indian real estate market. “We are seeing high levels of new supply in the commercial space segment, and the absorption of this space is equally strong,” he said.

“Approximately 24 million square feet of office projects have been completed in this year to date,” Mr. Puri added, going on to state that though there is still an overall vacancy rate of 19%, the Indian office space sector is poised to grow by around 17% year-on-year between 2011 and 2013.

In 2011, office absorption will surpass the 2008 peak of 33 million square feet, with Information Technology driving most of the demand. “There is also strong demand from the industrial and manufacturing sectors. Interestingly, the banking and finance sectors are now focusing on outright purchase,” said Mr. Puri.

CHICAGO, LONDON, SINGAPORE, Aug. 15 , 2011 — Cross-border transactions rose 50 percent to comprise half of the $103.5 billion[1]  of direct commercial real estate investment transactions completed in the second quarter of 2011, according to Jones Lang LaSalle’s new Global Capital Flows report. Given the strong start to the year, Jones Lang LaSalle still expects market volumes to reach its full year forecast of $440 billion, so long as current market volatility and uncertainty abates and there are no further significant economic setbacks.  In an era of instability, good quality commercial property will benefit, but deals, particularly larger ones, will take longer to complete.

“In the first half of this year, we saw firms investing domestically and the private equity and unlisted funds investing across borders,” said Arthur de Haast, Head of the International Capital Group at Jones Lang LaSalle. “Funds are being more cautious with a focus on investing primarily at home and trusting experienced managers with their cross border investments. This trend should continue through the second half of the year if the economic environment remains uncertain.”

In net investment terms[2] , global funds[3] were by far the most active investors with net purchases of more than $13 billion. Singapore was the next most active with $2.1 billion and Sweden third with $800 million of activity.

Alongside the global funds, which by their nature led net cross-border activity, Singapore was the second most active net cross-border purchaser in Q2 2011 as investors looked abroad for returns due to the capital appreciation occurring domestically.  Kazakhstan and Indonesia both accounted for around $550 million of net purchases in the quarter; the latter was almost exclusively made up by the purchase of Aviva Tower in London.

The top ten markets globally which attracted the most investment included four markets in Asia (Hong Kong, Seoul, Shanghai and Singapore); three in the Americas (New York and Washington, D.C. and Toronto) and three in EMEA (London, Frankfurt and Paris).

[1] All currency figures in this report are US dollars, unless otherwise noted. These are converted from local currencies using a quarterly average rate.
[2] Net investment measures the total amount of acquisitions a region made minus disposals.
[3]Groups that raise capital globally from multiple regions, and less than 70% of the capital is from a particular country.

Top 10 Cities in Q2 2011 – investment volumes (excluding portfolios) in USD (bn) 

1. New York City  6.3
2. London   6.0 
3. Toronto   2.7 
4. Hong Kong  2.4 
5. Singapore  2.2 
6. Seoul    2.0 
7. Washington DC  1.8
8. Shanghai  1.8 
9. Frankfurt  1.7
10. Paris    1.6

De Haast added: “Risk aversion has risen over the past few months, meaning large deals are taking longer to close. While we’re seeing more transaction flow, in the second quarter there was a notable absence of big ticket, single asset transactions.  There were fewer than ten $500 million-plus single asset sales this quarter which is roughly the same number as the second quarter of 2010. There were over 20 big deals in the first quarter and while a significant number of large transactions are in the pipeline for H2, the volatility of markets could cause further delay.”

Sources of Capital
Capital around the globe is targeting both domestic and foreign investments. This quarter, the United States was once again the greatest source of capital purchasing $27.1 billion in direct commercial real estate, up $7 billion from first quarter, but the increased volume was mainly spent domestically. The United States was also the third most active cross-border purchaser at $2.6 billion. The booming U.S. investment activity is largely home-grown with more than 110 US cities appearing in the firm’s database in the second quarter versus less than 90 in first quarter and just 60 in the second quarter of 2010.

TOP 10 US CITIES in Q2 2011 (excluding portfolio transactions) – new entrants compared to Q1 2011 highlighted in bold

1. New York City 6.3
2. Washington DC 1.8
3. Los Angeles 1.5
4. San Diego 1.4
5. Chicago 1.3
6. San Francisco 0.9
7. Seattle  0.9
8. Boston  0.7
9. Houston 0.7
10. Miami  0.7

In addition to surging U.S. capital, the second quarter saw a doubling of acquisitions by the global funds to $20.6 billion and significant jumps in British, Canadian and German-sourced capital. Interestingly in these three countries most of the new capital was also spent domestically.

In the second quarter there was a total of $38 billion in cross-border purchases, up from $22.9 billion in the first quarter representing a 66 percent increase. This was driven by a doubling of foreign-bound Singaporean capital, led by several major acquisitions in China, and by a huge surge by the global funds. Purchase levels by the other top cross-border investors (the UK, Germany, the US and Canada) were broadly unchanged.

Speaking of Canada, the sharp recovery in the property capital markets also spread to our neighbor to the north, as transaction activity in the second quarter rebounded smartly in that country.  Activity tripled from the previous quarter and resembled pre-recession quarterly levels (US$5.1 billion for all property types except multifamily). Domestic investors were by far the leading sources of purchase capital, accounting for 94 percent of all national volume in Q2.  Demand among well-capitalized public REITs, pension funds as well as private cash-rich investors for property in their home market has blossomed over the first half of 2011, and motivated owners increasing took note of this during the second quarter.  Public REITs and Institutional investors are expected to remain the leading investor groups and drive continuing healthy levels of market activity over the balance of 2011.

Preferred Sectors
The office sector was dominant in the second quarter, accounting for just over 40 percent of total volumes, down from 45 percent in the first quarter 2011. Retail’s share rose to 33 percent from 28.5 percent. The upsurge in hotels volumes (including casinos) led that sector to overtake industrial as the third most liquid sector globally with a share of eleven percent.  Industrial meanwhile accounted for ten percent.

Notes to editors: bookmark our global data repository

Jones Lang LaSalle’s Global Capital Flows analysis provides a set of data designed to help investors understand how commercial real estate capital is moving around the world. The findings are released quarterly, first in the transaction volume analysis represented in this release, and secondly in a broader quarterly report which will be issued for the second quarter in the following weeks. All of the final Global Capital Flows report data can now be found in interactive website which also acts as a portal for media and clients to access Jones Lang LaSalle’s global capital markets research. Bookmark this site for the most up to date global real estate and data at http://www.joneslanglasallesites.com/gcf

1. Intra-regional: Both purchaser and vendor originate from the region where the asset is located.  For instance, a US REIT purchasing in Canada, or a German Open Ended Fund selling in the UK.
2. Inter-regional: Purchaser, vendor or both originate from outside the region where the asset is located. For instance, a US REIT purchasing in Denmark, or an Australian Pension Fund selling in Canada.
3. Cross-border: Refers to any purchaser, vendor or both that originates from outside the country in which the relevant transaction occurs. Categorised into Inter-regional and Intra-regional transactions.
4. Domestic: Refers to any investor that originates from within the country in which the relevant transaction occurs. Transactions involving both “domestic” purchaser and seller are referred to as “domestic” activity.
5. Entity-level transactions, development projects and multi-family residential investment are excluded from our provisional data and may change.
6. Jones Lang LaSalle converts transaction values into USD at the average daily rate for the quarter in which the transaction occurred. In other words, the foreign exchange effect has not been removed.
7. Global Funds are funds which raise capital in multiple regions.
   

Historic Global Direct Commercial Real Estate Volumes, US$ billion

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than USD 45.3 billion of assets under management.

Asked to comment on the housing outlook in Singapore, Dr. Chua Yang Liang, Jones Lang LaSalle’s Head of Research & Consultancy at Jones Lang LaSalle said that immigrants are contributing a lot to the lack of housing in Singapore.

“The current housing situation is partly shaped by the lack of housing over the past couple of years to meet new arriving immigrants. Based on our in house estimates, the calculated gross average household size islandwide rose from 3.9 in 2005 to about 4.5 in 2010. This gross household size naturally does not take into consideration the different housing arrangements among foreign in different industries – a key weakness of this indicator. All it does is paint a broad picture of the housing versus population conditions. “

He then predicts this ‘demand overhang’ to continue in the short to medium term.

“We reckon the state needs to continue to support the public housing with sufficient stock to ease this demand. As to the exact number required, that depends on the future immigration policy and population target. We reckon the “demand overhang” is likely to continue in the short to medium term; supporting the housing activity both in the public and private market over the short term. While the supply condition in 2013/2014 is substantial, the backlog of housing demand could provide the support in the market; bringing down the overall gross household size. Policy risks however remain moderate to high over this period and are likely to keep property price growth in check.”

Jones Lang LaSalle Incorporated (NYSE:JLL), has named 24 colleagues across the world at Jones Lang LaSalle and LaSalle Investment Management to International Director, the firm’s top leadership group. They join the select group of International Directors who are recognized for delivering exceptional results for clients and driving the firm’s growth.

Colin Dyer, Chief Executive Officer of Jones Lang LaSalle, said, “Our International Directors have built successful careers connecting with clients and colleagues across the world to create superior value.  As we congratulate them on achieving this latest distinction, we expect them to use their skills and experience to generate continued growth and lead us into new markets and service areas.”

The new International Directors are listed below:

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than USD 43 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 19,700 employees operating in 78 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.ap.joneslanglasalle.com

200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39–00 Republic Plaza Singapore 048619

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LONDON, 27 May 2011 - Global commercial real estate firm Jones Lang LaSalle (NYSE: JLL) today announced it will merge with international property consultancy King Sturge.  The combined firm will be the clear leader in the UK and also in continental Europe, with greatly enhanced strength and depth of service capabilities across the region that will directly benefit the clients of both companies. 

The transaction is expected to close on 31 May 2011.  Under its terms, Jones Lang LaSalle will pay consideration of £197 million ($319 million) to the partners of King Sturge, with £98 million in cash at closing and the balance paid out in cash over five years. 

All 43 King Sturge offices and businesses across Europe, including 24 in the UK, will become part of Jones Lang LaSalle and will operate under the Jones Lang LaSalle brand.  Integration of business lines and teams, and the full rebranding of all business activities, will begin immediately.

Christian Ulbrich, Jones Lang LaSalle Chief Executive Officer for EMEA said: “The obvious strategic and cultural fit between Jones Lang LaSalle and King Sturge makes this a logical and very attractive proposition for both firms.  It gives us a scale and depth of expertise that will make our client service delivery capabilities second to none in both the UK and continental Europe.”  

Richard Batten, Joint Senior Partner, King Sturge said: “This is a coming together of two great companies who are culturally aligned, with fantastic business synergies, to create the best firm of property advisers in Europe. We truly believe that we will be better together. The ability to operate on a global platform, and the opportunities that this will provide, is great news for all our staff and clients.”

The merger will deepen mutual strengths and existing leadership positions. It will also bolster overall service delivery capabilities:

·         The powerful combined Capital Markets team will provide clients with unparalleled access to international capital flows through Jones Lang LaSalle’s global platform.

·         The merger accelerates each firm’s strategic priority to lead in targeted local and regional markets.

·         Jones Lang LaSalle leads the London agency and investment markets and King Sturge is a leading force in the UK regional markets.

·         The combination will add significant depth and scale to a range of services, including industrial, global logistics and retail.

·         The firm’s presence in Europe will broaden significantly in the rapidly growing Central, Eastern and South-Eastern European markets.

Andrew Gould will serve as Chief Executive of the merged business in the UK. Richard Batten will assume the role of UK Executive Chairman.

Andrew Gould commented: “We are tremendously excited to combine these two outstanding firms. Each has a reputation for excellence based on teamwork and putting clients first. Our new leadership team is already in place, consisting of senior directors from both firms, and their immediate focus will be to begin to realise the extraordinary potential of the merger for our clients and colleagues.”

The merged business operates in 70 EMEA markets across 30 countries employing 5,300 people providing integrated real estate services worldwide to investor, owner and occupier clients. The UK business will have 2,700 employees across 34 offices. 

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Notes to Editors

1.       Further detail regarding the transaction is available on the Investor Relations page of the Jones Lang LaSalle website www.joneslanglasalle.com

2.       Photography available

SINGAPORE, May 24, 2011 – For the fourth consecutive time, Jones Lang LaSalle has been recognized as the best overall provider of corporate real estate (CRE) services by the Watkins 2011 Survey of Corporate Real Estate Service Providers.

Of the 23 providers evaluated by the largest users of commercial real estate services, Jones Lang LaSalle was rated #1 overall and in several key categories, including use of cutting-edge technology, financial strength, reputation, and geographic scope.

The survey is conducted every two years by the Watkins Research Group Inc., in a joint project with Flaspöhler Research Group. Interviews were conducted with 208 CRE decision-makers from 191 public, private and public institutions or government agency organizations. The group represents North America’s largest users of CRE services and includes 53 Fortune 500 companies and 46 Financial Times Global 500 companies.

Not only did Jones Lang LaSalle receive the highest overall rating among all firms, but it also was rated #1 for several key considerations respondents listed as most important in selecting CRE providers. These considerations, which were characterized as adding to clients’ bottom lines or demonstrating strong client orientation, include:

• Is business savvy
• Is financially strong
• Has a strong reputation and is respected in the industry
• Has offices in all the major markets where needed
• Monitors performance with metrics
• Uses state-of-the-art technology 

More than half (56.2%) of those surveyed currently use Jones Lang LaSalle’s services, ranking it as the most utilized CRE services firm on the list.

"Our highly experienced and talented professionals, client-focused culture and superior quality service delivery differentiate Jones Lang LaSalle in the minds of corporate real estate leaders,” said John Forrest, CEO of Corporate Solutions, for Jones Lang LaSalle in Asia Pacific.. “Receiving the highly-respected Watkins Research Group distinction of top corporate real estate service provider for the fourth consecutive time is a testament to the dedication, talent and expertise of Jones Lang LaSalle’s people around the world.”

"We have a deep commitment to our clients to continue to develop the most forward-thinking concepts and strategies that align real estate with overall business goals and gain competitive advantage,” Said Mr Forrest.

CRE teams globally are moving towards more sophisticated partnership models with external service providers. According to Jones Lang LaSalle’s inaugural Global Corporate Real Estate Survey 2011, 80% of CRE executives worldwide are planning to either fully or partially outsource their CRE functions within the next three years.

Mr Forrest said, “CRE teams will be challenged to drive increased productivity through real estate while pursuing portfolio growth alongside continued right-sizing. In Asia Pacific, the opposing forces of cost reduction and business growth are driving CRE leaders to become more strategic and align more closely with business strategy.

“Many will need to progress their journey along the outsourcing curve and partner with specialist real estate service providers in order to effectively meet these challenges. For those already at the head of the curve, re-evaluating existing relationships will ensure full value and benefit is being extracted,” said Mr Forrest.

SINGAPORE, 6th May 2011 - Average capital values rose 1.8% q-o-q in 1Q11 across monitored luxury residential markets in Asia, largely similar to the previous quarter according to the recent Residential Index from Jones Lang LaSalle’s research team. However, price growth has slowed steadily from the 7.4% q-o-q pace recorded in 3Q09, as sales activity has cooled after the string of anti-speculative measures implemented from 2010 onwards by various governments.

Of the 8 featured luxury residential markets, 5 saw an increase in capital values during the quarter, while prices remained stable in two cities and declined in Kuala Lumpur. This result was similar to the previous quarter. Despite the latest round of government measures aimed at curbing speculative demand, luxury residential prices in Hong Kong grew strongly by 8.3% q-o-q in 1Q11, due to the sustained low holding costs and tight supply. On the other hand, prices in Singapore’s luxury prime market remained stable for the third consecutive quarter as buyers remained cautious after recent government tightening measures.

In the China Tier I markets, sales activity remained quiet throughout 1Q11 following the pilot property tax as well as the ban on buyers already owning two apartments from buying additional units. However, prices remained largely stable or on the rise. Capital values of luxury apartments rose marginally by 0.4% q-o-q in Shanghai but by a stronger 3.2% q-o-q in Beijing.

“The growing pool of high net-worth individuals from mainland China will not only lead to a structural change in buyers’ profile in Hong Kong’s luxury residential market, but will also gradually raise demand for high-quality residential properties in other Asian cities, where the investment environment and social infrastructure are good” says Joseph Tsang, Managing Director and Head of Capital Markets, Hong Kong.

Luxury residential prices are generally likely to remain stable or see slower growth in 2011 due to on-going policy and interest rate risks. Prices in China are expected to either remain flat or edge down slightly over this year as developers will likely introduce more price discounts and launch less high-priced units over the next 12 months. The luxury markets in Hong Kong and Singapore should retain some price momentum due to strong end-user demand and with long-term investors continuing to be attracted by the current low holding costs and the potential hedge against inflation.

SINGAPORE, 6th May 2011 - Buoyant business sentiment and corporate hiring underpinned the Asia Pacific office leasing market in 1Q11, according to new research from Jones Lang LaSalle in their recent Asia Pacific Office Index. Aggregate net take-up across major Tier I markets was at a similar level to the previous quarter, but showed a marked year-on-year improvement of over 30%.

Jeremy Sheldon, Head of Markets in Asia Pacific for Jones Lang LaSalle says, “The global comparison shows how the traditional Asian centres have outpaced the world in their recovery. At the same time, we can see a strong re-emergence of ASEAN as a force in Asia, with Jakarta now topping the table in both rental and capital growth as it reaps the benefits of the recovery. These are exciting times for Asia Pacific Office markets.”

“The pace of recovery in Asia Pacific, and the influence of China, is demonstrated by the rental growth being experienced by Hong Kong as companies worldwide strive to locate themselves at the centre of the action. As a result, Hong Kong is now one of the most expensive markets in the world. Continued strong demand combined with a shortage of office stock has pushed Central Hong Kong rents up– although they are still 10-15% below the last peak prior to the global financial crisis,” he concludes.

The Japan earthquake has not materially affected occupier market conditions elsewhere in the region. Vacancies are trending down in many cities, and office rentals remained on an upswing across most markets in 1Q11. Of the 26 featured office markets, 16 saw an increase in net effective rents during the quarter, while for the remainder rents stabilised or recorded small residual declines. Aggregate rental growth moderated slightly as a result of weakness in Japan, with an average quarter-on-quarter increase across the region of 2.5%. In 4Q10, quarterly rental growth averaged 2.7%.

Jakarta recorded the largest quarterly rental growth of 9.5% in 1Q11 as landlords became more aggressive in raising rentals due to strong net take–up and declining vacancy.

Todd Lauchlan, Country Head for Jones Lang LaSalle Indonesia says, “Recent leasing activity has further demonstrated the breadth of the recovery in the Jakarta office market, with pre-commitment levels for new developments at robust levels ensuring that the overall absorption in 2011 will almost certainly be a record.  We are also forecasting strong rental growth over the balance of 2011 as the vacancy level continues to fall and demand continues to improve on the back of a strong economy.  It is worth noting that in US dollar terms we are only now seeing rents recover to pre Asian crisis levels of 1995-1997 with Jakarta remaining one of the cheapest places in the world to lease office space.  We therefore anticipate a period of catch up as rents move closer to a level more in line with the economic cost of development in this rapidly emerging city”

Rents in Hong Kong followed closely with a further 9.2% increase on the back of a tight supply situation and solid demand by the financial sector. Rents in Singapore grew by 7.9% q-o-q, underpinned by a temporary shortage of space. Rents in Shanghai and Beijing grew by 6 to 7%, with the result for both markets being driven by strong spatial demand from MNCs and domestic corporates. In the twelve months to end-1Q11, Hong Kong delivered the strongest rental performance, with growth of 36%.

Net effective rentals in Tokyo declined by 1.5% as gross rents continued to fall while rent-free periods remained unchanged following the recent disaster. In a few other markets where tenant demand remained weak, rents have either stabilised (e.g., Taipei) or are seeing further declines (e.g., Seoul, Bangkok). Average rents in Australia and New Zealand generally saw moderate movements, both positive and negative during the quarter. Perth recorded the largest quarterly increase of 5.9%.

Investment activity remained buoyant in 1Q11 and sentiment in the region outside Japan has not been dented by the crisis in that country. Almost all major markets outside of North Asia saw either stable or increasing capital values. The largest quarter-on-quarter increases were recorded in Hong Kong and Jakarta, increasing by 13.1% and 11.0%, respectively. The Mainland Chinese cities of Shanghai, Beijing and Guangzhou were next highest with quarterly increases of 7 to 8.5%.

Across the region, the average quarterly increase in capital values in 1Q11 was 3.1%, compared with 2.9% in 4Q10. Again Hong Kong outperformed on a year-on-year basis, recording a 42% increase in capital values on the back of strong buying activity, largely by local investors.

We expect leasing demand to remain solid this year, though vacancies are still set to rise in some markets over the next few quarters due to ample supply additions. Consistent with strong fundamentals, the regional office market is now largely landlord favourable. Rental growth of up to 30% is expected across the region this year, with the strongest growth likely to be seen in supply constrained markets. Tokyo will however see a further delay in recovery and is forecast to record an annual decline of up to 5% in view of the recent events. A few laggards are also likely to see either no growth or some residual rental declines.

Stuart Crow, Head of Asia Pacific Capital Markets says, “Markets across the region continue to be dominated by local investors, with typically the biggest deals being bought by Asian buyers. We continue to see are interest from global investors keen to participate in the growth in Asia Pacific. The result is both rising capital values in most of the markets. Transaction volumes are currently on target to meet our estimated USD 100 billion of deals this year having reached USD 27 billion in the first quarter.”

Capital values are expected to increase in nearly all markets outside of North Asia during 2011, by up to 35%, as rental performance and investor confidence further improve. Markets expected to see the largest growth include Hong Kong, Singapore and the China Tier I cities.

London, 26th  April 2011 – Jones Lang LaSalle, the leading global integrated financial and professional services firm specialising in real estate, received the General Motors (GM) 2010 Supplier of the Year award for its significant contributions to GM's global product and performance achievements. This marks the fourth consecutive year Jones Lang LaSalle has been presented with the distinction.

 “We believe the Supplier of the Year Award is a top honour in the industry,” said Bob Socia, GM Vice President, Global Purchasing and Supply Chain. “These suppliers are a critical part of our effort to design, build and sell the world’s best vehicles.”

“This honour from one of the world’s leading companies recognizes that true value in today’s marketplace emerges from companies committed to innovation and continuously improving partnerships,” said Stuart Hicks, CEO of Corporate Solutions at Jones Lang LaSalle.

“Our team is dedicated to bringing its client-focused, collaborative approach to support GM’s business goals and to support the value it seeks to deliver to its customers worldwide,” added Vincent Lottefier, CEO EMEA Corporate Solutions, Jones Lang LaSalle.

 “We are honoured to receive this award for the fourth consecutive year, and believe it is a testament to the strong collaboration and dedication between our professional staff and the client team at GM,” said Lynette Wagner, Executive Vice President of Jones Lang LaSalle and manager of the General Motors relationship.

The GM Supplier of the Year award began as a global programme in 1992.  Winners are selected by a cross-functional team of executives from purchasing, engineering, manufacturing and logistics who base their decisions on supplier performance in quality, service, technology and price.  This year, General Motors honoured 82 suppliers for their outstanding performance throughout 2010.

LONDON, 12th April 2011 – Jones Lang LaSalle has been instructed as the sole agent to sell the freehold interest of 25 Canada Square located in the heart of London’s Canary Wharf.  Offers in excess of £1 billion are being sought on this iconic, 1.225 million sqft, 42-storey office tower which, at 200 metres, is the third tallest building in the UK and is visible across the London skyline.

This prestigious building is let entirely to Citigroup Inc, the American multi-national financial services company, and serves as its EMEA headquarters.  Offering an exceptionally long income with a weighted unexpired term of 24 years the current rental income totals £57.6 million per annum (£47.50 per sqft), and is subject to an uplift in 2015 followed by annual increases, indexed at 3.2 percent.

Prospective purchasers could expect the annual income return on the initial investment to reach nearly £70 million within ten years and over £100 million within 20 years.

Jones Lang LaSalle’s City Investment team, who are managing the sale of 25 Canada Square, expect investor interest in the sale of this landmark office building to come from all corners of the globe  as well as UK REIT's, Insurers and Annuity funds as non-domestic investment continues to target the coveted London real estate market.

CHICAGO, LONDON, SINGAPORE, 12th April 2011 – Preliminary figures released today by Jones Lang LaSalle’s Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under US$90 billion in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating the continued appeal of commercial property to a broad range of investors.

Arthur de Haast, Head of the International Capital Group at Jones Lang LaSalle said: “We continue to see strong interest for core product in gateway cities from institutional and private investors. However, investors are only moving into riskier markets and products on a selective basis, with many waiting to see more bank-released product or stronger fundamentals first.”

In Asia-Pacific, volumes rose both compared to the previous quarter and to the same period in 2010. “This continued growth is testament to the strong fundamentals of the region. Japan was the most active real estate market, with a confident start to the year, albeit prior to the recent earthquake tragedy. Domestic investors dominated activity in the region’s other major core markets”, noted Stuart Crow, Head of Asia-Pacific Capital Markets at Jones Lang LaSalle.

In Europe and the Middle East, activity slowed compared to the last three months of 2010, but was up nearly a quarter year-on-year. Richard Bloxam, director of Jones Lang LaSalle’s EMEA Capital Markets commented: “The seasonal slowdown after the end of year rush was expected, particularly after a closing quarter with a number of large, high profile transactions. However, compared to the start of 2010 all major markets have seen an increase in volumes, particularly Germany, Poland, Russia and the UK.”

In the Americas, the volume of activity also dropped off modestly compared the previous quarter but more than doubled from Q1 2010. Commenting on these results, Steve Collins, Managing Director, Americas at Jones Lang LaSalle, said “We saw a big jump in volumes at the tail end of last year, driven by the US, and we expect a strong year in 2011. The small drop off in Q1 is the result of investors adopting a ‘wait and see’ approach, due to concern they might be chasing yield downward.”

Looking at the global volumes, Paul Guest, Jones Lang LaSalle’s Global Capital Markets Research Director, said “There are sound reasons for investors to be looking at commercial property: its perceived inflation hedge; supply shortages in many gateway markets; appealing risk-adjusted returns when compared to more volatile assets; still-attractive pricing outside some of the prime markets which corrected earliest; and even a pick-up in both debt issuance and securitization. We expect a further US$290-310 billion in direct commercial real estate transaction volumes in the remainder of this year.”

CHICAGO, LONDON, SINGAPORE, March 28, 2011– Corporate confidence is boosting activity in top tier office markets around the world, leading to accelerating early cycle rental growth and robust capital value growth in prime assets, especially where new quality supply is limited, according to Jones Lang LaSalle’s inaugural, quarterly Global Office Outlook report. The firm’s new global report series tracks and forecasts how global economic conditions impact property leasing, capital markets and occupier conditions throughout Asia Pacific, Europe, Middle East and Africa (EMEA) and the Americas.  The report points to several hot spots emerging with high growth prospects including the E7 (Brazil, India, China, Russia, Indonesia, Mexico and Turkey), Hong Kong, Singapore and Poland.

For the first time since the global financial crisis, downside risks are being outweighed by the improving business optimism although recent global events have the capacity to dent this optimism. Jones Lang LaSalle’s Global Office Outlook report shows that market demand and leasing activity are back in a cyclical upswing, fueled by improving economic growth, renewed corporate confidence, and strengthened balance sheets and prospects of increasing spending and hiring associated with real estate investment. Global office vacancy rates have reached a plateau and edged downward across all three regions in late 2010. The global office vacancy rate now stands at 14.1 percent.

"Despite some obvious risks, the global economic outlook remains positive,” said Ben Breslau, Managing Director of Jones Lang LaSalle Americas Research. “Coming off the heels of a robust 2010, economic growth is expected to accelerate further in the later half of 2011 and into 2012, but the strength of the recovery and expansion remains remarkably uneven geographically.  Expect office market demand and the potential for rent growth to mirror the uneven economic outlook, with leverage ranging from landlord favourable in trophy CBD assets in coastal gateway markets to tenant favourable in many non-core and suburban locations."

Prior to the Japan earthquake and tsunami, Asia Pacific was moving ahead strongly with the largest declines in vacancy, improving occupancy levels, and attractive conditions for investment. Jane Murray, Asia Pacific Head of Research, added, “Regional momentum should continue led by robust growth in China and India.  The ultimate impact on the large Japanese economy and real estate market and its trading partners regionally and globally will not be known for some time.”

Regional outlook

Americas: “The coming year will be best characterised by an uneven upswing and cautious optimism,” said Ben Breslau, Managing Director of Jones Lang LaSalle Americas Research. “North America is expected to accelerate modestly, with continuing improvement in select prime markets such as Washington DC, Midtown Manhattan, and San Francisco. United States vacancy levels are down year-over-year and will close below 18 percent in 2011. Additionally, the Canadian office market will tighten with accelerated rent growth in 2011; while Sao Paulo’s strong economic growth is translating into healthy office demand."

Asia Pacific: With Japan’s devastation aside, property market fundamentals continue to improve across Asia Pacific, assisted by strengthening business conditions and solid corporate hiring. “Regional net absorption is expected to further increase in 2011, and vacancy is expected to fall in most major markets. However in a few markets that have large impending supply, such as Singapore and some Indian cities, vacancy rates are expected to rise over 2011,” added Murray.

EMEA: Business sentiment is at its highest level since 2007 in Europe with occupier and investment transaction volumes recovering strongly. “Occupiers remain cautious with deals still driven largely by lease events and consolidation. We are now in a rental growth phase – led by a limited number of markets - but it could be beyond 2014 in some markets before 2007 market peaks are witnessed again,” said Grant Fitzner, Head of Jones Lang LaSalle EMEA Research. “The UK, France, Germany and some of the Nordic markets, particularly Sweden are paving the road with improved market fundamentals and dominating investor interest. We are also watching events in the Middle East and North Africa very closely. As well as obvious impacts on local business sentiment internally, any impact on oil prices will filter through to capital markets volumes externally."

Capital markets 2011 outlook

Investment volumes for office properties reached US$155 billion across the globe in 2010, and the 2011 global total is expected to rise to the US$190 billion range as capital value growth encourages property owners to put more product on the market.

Capital value growth for prime assets in Tier I office markets has been increasing robustly, led by Hong Kong, London, Paris and Moscow.  Value growth is expected to continue in most markets in 2011, pushed by rental uplift.

Corporate occupier 2011 outlook

Corporate occupiers will be actively focused in 2011 on additional market moves that accommodate anticipated increases in hiring, the need to access new workers amid a renewing ‘war for talent,’ and the necessity to make workspace more productive.

Click here to review and download the entire Global Office Outlook report and a podcast from Ben Breslau on the report impacts.

CHICAGO, March 28, 2011 – Jones Lang LaSalle, the global financial and professional services firm specializing in real estate, has been recognized by the Ethisphere Institute as one of the World’s Most Ethical Companies for 2011.

This is the fourth consecutive year that Jones Lang LaSalle has been named to the list by Ethisphere, a think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.

"Our people take great pride in this honor," said Colin Dyer, Chief Executive Officer of Jones Lang LaSalle. “They know that our commitment to integrity is critical to our clients, for whom the confidence that they can trust their advisors has become paramount. Our Board of Directors and Global Executive Committee applaud the efforts of our worldwide team of Ethics Officers and the dedication of all of our colleagues, who make our culture the best in the real estate business."

Ethisphere determined its 2011 list, which features 110 companies in 38 industries and includes 43 companies headquartered outside the United States, by reviewing thousands of companies and evaluating a record number of applications. Ethisphere’s proprietary methodology includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; considering activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.

“As companies strive to maintain a competitive advantage, good ethics translate into better business, and better business means better bottom lines. Ethical companies recognize the important role that principled practices play in brand reputation, which ultimately is the most valuable asset for a corporation,” said Alex Brigham, Executive Director of the Ethisphere Institute. “Ethisphere congratulates Jones Lang LaSalle on being one of the World’s Most Ethical Companies for 2011.”

SINGAPORE, MARCH 23, 2011 - FORTUNE has announced that Jones Lang LaSalle has again been named to its exclusive list of the “World’s Most Admired Companies,” the definitive report card on corporate reputations. The firm was recognized as one of the real estate industry’s leaders based on criteria that include corporate social responsibility, quality of services and global effectiveness.

"Our colleagues across the world work diligently to drive value and innovative solutions for our clients," said Colin Dyer, Jones Lang LaSalle CEO and President. "It is an honour to be recognized for the responsible corporate citizenship, superior client service and integrated global platform that enable them to deliver successful results."

FORTUNE survey partners at Hay Group, a global management consulting firm, employ rigorous methodology to compile the list.  A total of 673 companies, from 57 industries and 32 countries were surveyed. To create the 57 industry lists, Hay Group asked executives, directors, and analysts to rate companies in their own industry on nine criteria, from investment value to corporate social responsibility. This year only the best are listed: A company’s score must rank in the top half of its industry survey to be named most admired.

Jones Lang LaSalle will once again be supporting Earth Hour, the World Wildlife Funds annual campaign to encourage commitment to action on climate change. Office buildings all over the world managed by Jones Lang LaSalle and LaSalle Investment Management will go dark for an hour on Saturday evening at 8:30 p.m. local time, in observance of Earth Hour.

"Jones Lang LaSalle and LaSalle Investment Management offices in more than 50 countries will join with hundreds of thousands of other buildings in turning off non-emergency lighting for an hour" said Alastair Hughes CEO of Jones Lang LaSalle Asia Pacific, "Earth Hour has grown to 4,600 cities and hundreds of millions of people around the world, we have seen participation increase among our employees and our clients, as more and more people show their support for this global event."

In addition to endorsing the campaign through its own 185 offices, Jones Lang LaSalle is partnering with clients in cities and towns around the globe to help them show their support, while thousands of the firm's employees are preparing to join the campaign in their own homes. Jones Lang LaSalle manages 1.8 billion square feet of commercial property owned by corporations and investors in 60 countries around the world.

"This year, World Wildlife Fund is asking people to "go beyond the hour" with positive action on energy conservation, renewable energy and other environmental concerns, and these are goals that we have embraced as a company," said Dan Probst Chairman of Energy and Sustainability Services at Jones Lang LaSalle "In 2010, we helped building owners save 912,000,000 kilowatt-hours of energy, reduce greenhouse gas emissions by 563,000 metric tons and save $128 million in energy costs. We’re working with clients on renewable energy solutions in several countries, and we continue to work toward reducing our own carbon footprint as well."

SINGAPORE, 22 March 2011 – Jones Lang LaSalle has successfully brokered the sale of One  Finlayson Green on behalf of a Fund managed by Lucrum Capital through a private treaty to Kerisvale Pte Ltd, which consists of a group of private investors, at $227,000,000. This is the highest per square foot sales price achieved this year at approximately $2,520, or $2,360 per sq ft on the strata area.

One Finlayson Green is a freehold commercial building, strategically located at the junction of the prestigious Raffles Place and the New Downtown.  It enjoys a prominent frontage and is very visible from the busy crossroads and the highly pedestrianised Raffles Place Park.

The building, comprising a 19-storey office tower, was developed in 1994 and has a total net lettable area of approximately 89,950 sq ft. The retail unit on the 1st and 2nd floor is currently occupied by AIA. The building has also obtained in-principle strata-title approval from the relevant authorities and each strata-titled unit is approximately 6,437 sq ft.

Ms Stella Hoh, National Director and Head of Investments at Jones Lang LaSalle, comments “With the rising office rental market and the limited availability of freehold office buildings in core Raffles Place, the interests in One Finlayson Green was very strong when it was put up for Expression of Interests late last year.  The property attracted good interest from both strata-titled and enbloc buyers. After much negotiation between the buyer and seller, the deal was finally sealed. The buyer intends to keep the building for long-term investments.”

One Finlayson Green is the third commercial deal brokered by Jones Lang LaSalle this year, following the Singapore Technologies Building in Tanjong Pagar and PoMo in Selegie.

CHICAGO and TOKYO, March 17, 2011 – Global commercial real estate firm Jones Lang LaSalle today announced the firm is donating 100 million yen (approximately $1.25 million) to the Japanese Red Cross to provide aid and relief directly to those most in need following the Japan earthquake and Pacific Tsunami that have left a path of destruction in their wake.

“Our donation is meant as an earnest statement of concern for and support of the people of Japan including our 600 employees and thousands of clients in the country,” said Colin Dyer, Chief Executive Officer, Jones Lang LaSalle. “We’re providing this donation to the Red Cross as the most effective means of delivering immediate aid to those people and areas in greatest need. We encourage other organizations to join us and pledge their support to the Japanese relief efforts.”

Jones Lang LaSalle operates offices in Tokyo, Osaka, Sapporo and Fukuoka.

“Following a series of natural disasters and now nuclear disasters, there are mounting risks facing our country and there remains a substantial and ongoing need for humanitarian assistance for the families affected,” said Yoichiro Hamaoka, Jones Lang LaSalle’s Managing Director for Japan.

Yasuo Nakashima, CEO of LaSalle Investment Management in Japan added, “Our social responsibility to the community is an important cultural value for our global company and this is one way we can contribute to the recovery and help our community.”

The Red Cross is a charitable organization — not a government agency — and depends on volunteers and the generosity of the public to perform its mission. For donation information, please contact your local Red Cross.

SINGAPORE, March 8, 2011 —   Companies are increasing their demand for maximum productivity and smart growth, a shift from the focus on cost control that came with 36 months of turbulence in the corporate operating environment, according to the inaugural Jones Lang LaSalle and Thomson Reuters’ Global Corporate Real Estate Survey.

According to the report, as companies emerge from the global financial crisis they are seeking to restructure and plan for a new economic era, which is placing more pressure and scrutiny on the productive use of CRE.

This presents a powerful opportunity for CRE teams to drive strategic change and bring added value to their wider businesses. CRE teams will be required to respond with greater agility, expediency and productivity, increasing their reliance on outsourced service providers.

The first-ever survey drew responses from more than 500 CRE executives across the globe, including China, India, Australia, UK, France, Germany and North America, and across a variety of industries, including banking and finance, pharmaceutical, government and IT. This is the firm’s first global effort to formally identify the future challenges facing the CRE industry and the likely consequences over the next three years. 

"This survey gives us an unprecedented window into the mind of the CRE community, as well as the global business marketplace as a whole,” said John Forrest, CEO of Corporate Solutions, Asia Pacific at Jones Lang LaSalle. “Corporations have clearly shifted from short-term, survival motivated tactics towards medium-term, strategic initiatives aimed at driving productivity enhancements.”

“Driving improved productivity by implementing more strategic real estate initiatives can release tremendous value given that real estate typically accounts for 7 to 12 percent of a corporation’s total operating costs,” said Mr. Forrest.

“These survey results should also be of interest to the investor community, as they point at important cyclical and structural shifts in demand for space, as well as operational priorities for the tenants”, said Robert Ciemniak, Global Head of Real Estate Markets at Thomson Reuters.

As corporations globally responded to tightening financial conditions and shrinking revenues, attention predictably turned quickly towards real estate. This pressure was firmly felt by CRE teams across the world with 97% of survey respondents supporting their business with one or more tactical real estate plays to reduce cost.

Now that corporate health is improving, firms are turning to growth strategies that balance the dual forces of growth and cost control.  When asked what will be the most influential factor in shaping real estate strategy in the next three years, growth was the standout response (35%), followed by cost pressures (11%).

“CRE teams will be challenged to drive increased productivity through real estate while pursuing portfolio growth alongside continued right-sizing,” said Mr. Forrest. “Many will need to progress their journey along the outsourcing curve and partner with specialist real estate service providers in order to effectively meet these challenges. For those already at the head of the curve, re-evaluating existing relationships will ensure full value and benefit is being extracted.”

Among the top influences on future real estate strategies, seventy-seven percent of survey respondents identified the need to attract talent, the quest for enhanced productivity, right-sizing the portfolio for a new organizational reality or a desire to change the culture and nature of work. Creating more efficient workspace that is conducive to modern work styles and receptive to the demands of knowledge workers will assist CRE leaders in meeting these demands and building additional value for their businesses.

Portfolio growth predicted, but geographically focused

The survey reveals that respondents are seeing a return to growth in select geographies. Thirty-nine percent of respondents anticipate an increase in the total size of their global real estate portfolio over the next three years, while 31% predict a reduction.

• Net growth is strongest in the Asia-Pacific region and in particular North Asia (60%), South Asia (primarily India) (43%), and South East Asia (37%).
• In the EMEA region this same Eastwards and Southwards shift is evident. Strong portfolio growth is predicted for Central and Eastern Europe (34%) and the Middle East (24%). 
• In the Americas the growth dynamic is Southwards, in the Latin America region (34%). 

Respondents suggest that in the United States and Western Europe overall portfolio size will reduce over the next three as consolidation continues to drive utilization rate improvements.

"The return to business growth in Asia is reflected in the predicted future space requirements in the region. As companies grow, they will be challenged by the relative lack of transparency and varying degrees of maturity around real estate in many of the Asian growth markets,” said Mr. Forrest.

“Post the global financial crisis, many markets in Asia will soon run into supply constraints because development slowed in 2007-2008. This means companies will need to manage their real estate portfolios very tightly in order to manage costs effectively," he said.

Among the most active industry sectors, the finance sector is forecast to grow most notably in North Asia with 63 percent of respondents predicting portfolio growth. The technology sector is also predicting portfolio growth in North Asia (67%), Latin America (44%) and Southeast Asia (44%).

Acting with conviction in an uncertain business environment

While most corporations today are in a stronger cash position, there are still hurdles inhibiting broad real estate moves. Forty-three percent of respondents cited “uncertainty around future shape/size of business” as the obstacle preventing them from executing desired strategies during the financial crisis. Twenty-nine percent cited “economic uncertainty.”  

Contrary to most expectations, more respondents listed “uncertainty and risk minimization” as a factor shaping their real estate strategy three years from now than today (22% vs. 25%).

Companies can reduce these levels of uncertainty by enhancing their ability to predict demand using improved forecasting models, more comprehensive demographics information, and more sophisticated risk management techniques.

Global crisis causes lasting change and gives CRE a seat in the C-Suite

When asked for legacies of the global financial crisis, 92% percent of the respondents cited “greater visibility and engagement with senior business leaders” with 90 percent stating they had gained “greater visibility and ability to influence business decisions.”  Eighty-one percent of respondents maintained that the CRE function had been placed under greater scrutiny by the wider business since the onset of the global financial crisis.

Outlook: Re-Shaping CRE Structures and Skills

When asked which scenarios were most likely within the next three years, 77% stated “CRE leaders to be more actively involved in developing and implementing organizations’ strategic direction.”

Respondents firmly believe that transformations in the role and structure of the CRE function are underway and will intensify over the next three years. The challenges facing CRE are significant and demanding. CRE leaders who address these challenges head on and invest in recruiting and developing key CRE talent, from the industry or from outside traditional boundaries, will be operating at the vanguard of the industry.

“There is a clear opportunity for CRE leaders to redefine their organizations and drive a more strategic real estate agenda as the importance of this role continues to broaden in board room across the globe,” said Forrest. “We expect to see fundamental and sustained changes in the structure and remit of CRE teams across the world and stronger engagement with outsourced service providers as they progress toward partnerships with 80% of respondents planning to either fully or partially outsource their CRE functions within the next three years.”
 
Jones Lang LaSalle and Thomson Reuters’ Global Corporate Real Estate Global is designed to capture the insights into: CRE trends and concerns in emerging and developed economies; how the global financial crisis has changed the CRE landscape and reshaped its function and strategy; short-term and long-term CRE priorities and developments and practices among industry peers. To read the full report, please click here

SINGAPORE, 2 March 2011 - Residential capital values rose 1.8% q-o-q in 4Q10 across monitored luxury residential markets in Asia. However, price growth has slowed steadily from the 7.4% q-o-q pace recorded in 3Q09, as sales activity cooled after the string of anti-speculative measures implemented in 2010 by various governments. Of the eight featured luxury residential markets, five saw an increase in capital values during the quarter, while capital values remained stable in two cities and declined in Beijing. This compares with the previous quarter when five markets recorded an increase in capital values and the remainder saw stable prices.

Despite the latest round of government measures aimed at curbing speculative demand, luxury residential prices in Hong Kong grew by 6.4% q-o-q in 4Q10, due to continuing rental growth and tight supply. On the other hand, prices in Singapore’s luxury prime market remained stable for the second consecutive quarter as buyers remained cautious after recent government tightening measures. In the China Tier I markets, sales activity remained quiet throughout 4Q10 due to greater restrictions on mortgage loans for investors and other policy tightening, while developers had little incentive to lower prices. Capital values of luxury apartments rose marginally by 0.3% q-o-q in Shanghai but fell by 5.4% q-o-q in Beijing.

Luxury residential prices are generally likely to remain stable or see slower growth for 2011 as buyers have become more cautious about further tightening measures by governments. At the same time, downward pressure on prices is likely to be limited, supported by rising rental levels and low holding costs. However, luxury markets in Hong Kong and Singapore should retain some price momentum due to strong end-user demand and with long-term investors continuing to be attracted by the current low holding costs and the potential hedge against inflation.

KK Fung, Managing Director, Jones Lang LaSalle Greater China comments, “Government policy has become progressively tighter in China’s Tier 1 cities in an effort to cool the residential markets.  It’s interesting to see the price trends across Asia Pacific are largely similar in direction to China, if not as dramatic in magnitude. While the Hong Kong government has also been proactive in avoiding an asset bubble by placing more restrictions onto the residential sales market in the last few quarters, the city’s luxury residential properties continued to lead capital value growth across Asia Pacific through 2010, suggesting the strong underlying investment demand and market optimism there”.

Chris Fossick, Managing Director, Jones Lang LaSalle, Singapore and South East Asia adds, “The Singapore mass residential market increased 12% in 2010 driven by positive sentiment on the back of strong economic performance, population growth and improved affordability as people earn more money and finance costs remain low. The government, I believe, concerned with rising values have introduced measures to keep property price inflation more sustainable and in line with the overall economic growth. However the high end market has been more subdued over the same period with prices increasing 9%. In the rest of South East Asia, market sentiment has improved.  In particular economic growth in Indonesia has supported the luxury housing market in Jakarta. Local Indonesian high net worth individuals who traditionally invest in Singapore, are also increasingly buying into the popular downtown lifestyle in their home market”.

Reference Charts

Source: Jones Lang LaSalle

Notes: Capital values are on a net lettable area basis Percentage changes are on a local currency basis Luxury residential properties include apartments, condominiums, detached and semi-detached housing located in traditional prime areas

Note: The Index is an average of capital value movements in monitored Asian cities

SINGAPORE, 22 February 2011 —  Jones Lang LaSalle announced today that it has been named as one of the world’s top 100 outsourcing providers as part of the 2011 Global Outsourcing 100®, the annual ranking of high-quality service providers across all industries as determined by the International Association of Outsourcing Professionals® (IAOP®).

The 2011 Global Outsourcing 100 and The World's Best Outsourcing Advisors recognizes the world’s best outsourcing service providers and advisors. These rankings are based on applications received and evaluated by an independent judging panel organized by IAOP and led by IAOP Chairman Michael F. Corbett.

"Revenue data supplied by applicants for the Global Outsourcing 100 shows the size and strength of the outsourcing industry. Outsourcing is enjoying strong growth and companies are outsourcing more of their operations than ever before," said Corbett.

"The companies on The Global Outsourcing 100 and The World’s Best Outsourcing Advisors lists are proven leaders and rising stars," said Corbett. "They are the companies you want to partner with to achieve success and better outsourcing outcomes."

"It is a great honor to receive IAOP’s highly regarded distinction for the third consecutive year," said John Forrest, CEO of Corporate Solutions, Asia Pacific for Jones Lang LaSalle. "As more companies realize the benefit of strategic outsourcing partnerships, we continue to enhance our integrated service platform to deliver solutions that cut costs and maximize productivity across our corporate real estate partners’ departments, global portfolios, and organizations."

"As Asian companies grow and expand beyond their traditional domestic markets they are grappling with the opposing forces of business growth and cost reduction in order to be competitive globally," said Mr Forrest. "In response, they are increasingly adopting vendor-partnering models to outsource tactical service delivery to specialist real estate service providers."

"Just as the outsourcing wave moved through the US and Australia, we expect to see the next wave of outsourcing come from European and Asian companies over the next five years."

The Global Outsourcing 100 is an essential reference for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services — not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today’s leaders, but tomorrow’s rising stars. 

As part of The Global Outsourcing 100, IAOP also introduced a new list in 2009, The World's Best Outsourcing Advisors, geared specifically to companies that are outstanding global outsourcing advisors and consultants. In addition to being part of The Global Outsourcing 100, the new list of advisors ranks the top consultant, legal and related advisory firms globally, and is a valuable reference tool for companies needing expert advice and guidance with their outsourcing projects.

"The Global Outsourcing 100 and The World's Best Outsourcing Advisors rankings help companies make better informed purchasing decisions with confidence because these companies have gone through a rigorous process that has put their credentials through objective scrutiny," said Deborah Hamill, senior managing director global membership of IAOP.

Other members of the judging panel include:

• Jagdish Dalal, COP, president, JDalal Associates, LLC, managing director of thought leadership, IAOP   
• Teresa Harris, COP, global partner account manager, Eastman Kodak Company
• William Hefley, Ph.D., CDP, COP, Clinical Associate Professor, Katz Graduate School of Business and College of Business Administration, University of Pittsburgh, and Director, ITSqc, LLC.
• Kurt Kohorst, COP, vice president, director of service engineering, Liberty Mutual Agency Corporation
• Vera Marques, IT regional director, Hoffman-La Roche – Latin America
• Manish K. Sahai, COP, vice president, world service, American Express
• Kristin H. Weitz Rammer, vice president-technology, MAXIMUS

About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 110,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.iaop.org.