The requested news item does not exist. Please return to News
JLL's Global Real Estate Transparency Index Ties Transparency to Real Estate Investment, Business Activity and Living Standards
CHICAGO, IL and LONDON, UNITED KINGDOM and SINGAPORE, June 29, 2016 - Two-thirds of real estate markets globally have shown progress in levels of transparency over the past two years, according to JLL (NYSE: JLL) and LaSalle Investment Management's 2016 Global Real Estate Transparency Index (GRETI). The 10 countries identified as 'Highly Transparent' by GRETI account for 75 percent of global investment into commercial real estate, highlighting the extent to which transparency drives real estate investment decisions.
A number of key factors are driving this progress and frame the broader issues raised by both high and low transparency:
Jeremy Kelly, director, Global Research Programmes at JLL and main author of the report commented: "These results are encouraging as they highlight the steady advances the global real estate industry is making. Improvements are down to a number of factors: initiatives to deepen the availability and quality of market data and performance benchmarking, the enactment of new legislation in several countries, the introduction of higher ethical standards, and the wider adoption of 'green building' regulations and tools."
The future of real estate transparencyJacques Gordon, LaSalle Investment Management's Global Head of Research and Strategy, commented: "Our index shows steady advances which are a result of both industry and government efforts. That said there are too many examples of opaque and corrupt practices, poor corporate governance and failures in regulatory enforcement that are resulting in serious consequences for society, business activity and for investment. Investors and tenants will bypass countries unable to address these shortcomings, and will gravitate instead to more transparent markets."
The report highlights a number of factors which will influence real estate transparency in the next several years:
Notes to Editors JLL's ninth Global Real Estate Transparency Index, covering 109 markets worldwide, shows continued progress in the transparency of commercial real estate around the world. Two-thirds of markets have registered improvement since 2014. Improvement is generally correlated with higher foreign direct investment and corporate occupier activity, as investors and corporations help to accelerate transparency reforms and governments recognise that poor transparency will affect continued inward investment, long-term economic growth prospects and the quality of life of citizens.
Visit www.jll.com/Transparency to access the Global Real Estate Transparency Index in full, as well as interactive tools and multimedia content.
About JLLJLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
+1 312 228 2795
+65 6494 3572
+44 207 852 4430