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CHICAGO, LONDON, SINGAPORE, September 12 2011 – Jones Lang LaSalle has been honoured with a number of awards at the prestigious annual Euromoney Real Estate Awards (2011), being voted number one Global Real Estate Advisor and Consultant. This is the third time Jones Lang LaSalle has won the overall global award since the award programme was established in 2005; this year the firm also was voted top Global Advisor and Consultant for Valuation and Research. Continue Reading →
Joining a growing list of corporations that are moving their real estate operations to a third-party provider, financial services firm Principal Financial Group (NYSE: PFG) today outsourced facilities management for its 4.3 million sq. ft. of office space to Jones Lang LaSalle.
The five-year contract includes Principal’s 2.4 million sq. ft. corporate campus in Des Moines and more than 150 owned and leased field offices across the United States and in more than 15 countries throughout Asia, Australia, Europe and Latin America.
The deal is remarkable for the range of services it will bring into play, says Richard McBlaine, international director at Jones Lang LaSalle. “They wanted a company that could bring a complete suite of integrated services, everything from real estate consulting through transactions, project management, facility management, occupancy planning — basically the entire suite of services that we provide to occupiers.”
Contact: Richard Kadzis, +1-404-589-3240, email@example.com, or Bailey Webb, +1-404-589-3216, firstname.lastname@example.org, both of CoreNet Global
Jones Lang LaSalle announced today that it has been awarded a 4.3-million-square-foot real estate services contract for facilities management for the Principal Financial GroupÂ® . The contract includes the 2.4-million-square-foot corporate campus of The PrincipalÂ® in Des Moines, Iowa in addition to its global field offices.
The report relies heavily on the conceptual framework of a U.S economy in a balance sheet recession.
RadioShack Corp. today announced the appointment of Dorvin D.
UGL, which is being advised by Goldman Sachs in Australia, is threatening an attempt by DTZ's majority shareholder Saint George Participations (SGP) to take the business private and merge it with BNP Paribas Real Estate.
DTZ confirmed last month that it "continues to review approaches of interest in the company's shares" alongside the SGP talks.
However, a source close to the negotiations said UGL and other potential rival bidders are being frustrated by SGP, which owns 55pc of DTZ. They allege that SGP is blocking the property agent from entering into detailed discussions with other parties and providing access to the data room.
SGP, a family-run French group, has three directors on the board on the UK property company.
DTZ shares closed at 44½p on Friday, valuing the company at £120m.
CHICAGO-Jones Lang LaSalle had a strong second quarter, according to executives reporting Q2 results on a conference call Wednesday. Revenue rose 24% to $845 million compared to second quarter 2010, and net income rose to $44 million compared with $32 million a year ago.