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News release

SINGAPORE

Jones Lang LaSalle cements position as leader in tenant representation in Australia by acquiring highly regarded firm, MPS Property

Acquisition makes Jones Lang LaSalle the undisputed leader in tenant representation services, managing transactions across an estimated 43 million square feet of Australian commercial office space


SINGAPORE, 18 JANUARY 2012 – Jones Lang LaSalle has increased the reach of its Tenant Representation business in Australia, with the acquisition of tenant advisory firm, MPS Property.
 
MPS has been acquired as a wholly owned Jones Lang LaSalle company.  The team of six tenant representation advisors and three project managers will be retained under the new structure.
 
Founded in 1994, MPS is led by Steve Urwin with briefs across Australia in both tenant representation and project management.  Mr Urwin has 30 years’ experience in the industry and has advised a wide range of clients on their accommodation strategies. 
 
John Forrest, CEO of Corporate Solutions for Jones Lang LaSalle in Asia Pacific, said, “Corporate Solutions is a key growth driver for Jones Lang LaSalle in Asia Pacific. The acquisition of MPS in Australia is part of our strategy to increase market share in key countries, including Australia, and to expand our service offering to clients.”
 
“Companies are driving for increased productivity from their real estate and tenant representation is a key service offering that enables Jones Lang LaSalle to position portfolios to drive down costs across the property cycle and optimize flexibility, which is needed as companies change,” said Mr Forrest.
 
Principal of MPS Property, Steve Urwin said the timing was right for MPS Property to merge with a global property services player like Jones Lang LaSalle: “MPS prides itself on its strategy-led transaction advice to clients and this is a strong fit with Jones Lang LaSalle, a firm which values and embodies this approach.  The global and regional reach of Jones Lang LaSalle, and the expertise and research capability this brings, is a dimension we didn’t have as a smaller firm.”
“It is an exciting transition for the team at MPS and we look forward to working as part of the wider Jones Lang LaSalle team in both Australia and the Asia Pacific region,” said Mr Urwin.
 
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 47.9 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'. We were the first commercial property firm to establish an Australian presence in 1958 and currently employ over 1,600 employees throughout our 12 offices across the country. For further information, please visit our website, www.ap.joneslanglasalle.com