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MIPIM, Cannes

Jones Lang LaSalle wins Europe Broker of the Year Award

Private Equity Real Estate (PERE) Awards 2009

MIPIM, Cannes, 16th March 2010 – Private Equity Real Estate (PERE) magazine has awarded Jones Lang LaSalle Europe Broker of the Year at its 2009 Awards.  The firm scoped the award for services provided to a wide range of clients across EMEA, including a number of private equity clients.
Commenting on the win, Christian Ulbrich, CEO, EMEA at Jones Lang LaSalle, said: “The first half of 2009 was a very difficult one for everyone involved in commercial real estate investment in Europe. However, throughout the downturn we were advising our clients on the best time to re-enter the market and how to take advantage of opportunities when they began to arise. This put us in pole position when the market did start to turn around and even when markets were still trading at very thin levels, we were able to increase the volumes of transactions where we advised clients by over 25% in the second half of 2009.”
Some of Jones Lang LaSalle’s 2009 deal highlights included:
  • Jones Lang LaSalle assisted MGPA in selling Munich City Tower in Germany for $50 million on behalf of MGPA’s Global Fund I.  The landmark skyscraper was sold to Freo Germany II Partners, a private equity fund run by Luxembourg-based Freo Group.
  • In Sweden, Jones Lang LaSalle acted for RREEF on the sale of retail and office property, Baltzar City in Malmo, Sweden.  The property was acquired by Catella Real Estate on behalf of the Focus Nordic Cities fund, for around €40 million.