Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Jones Lang LaSalle Inc    JLL

Delayed Quote. Delayed  - 07/22 10:02:01 pm
108.59 USD   +1.42%
07/17 JONES LANG LASA : JLL signs MoU with MCCI to support greater real es..
07/15 JONES LANG LASA : JLL Hotels & Hospitality Expands in Greater China
07/11 JONES LANG LASA : JLL Announces Details of Second Quarter 2016 Earni..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Jones Lang LaSalle Incorporated : Jones Lang LaSalle Launches Comprehensive Real Estate Services in Sri Lanka

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/25/2012 | 04:19am CEST

SINGAPORE,  25 APRIL 2012 - Jones Lang LaSalle, (NYSE:JLL), the global financial and professional services firm specializing in real estate, is underscoring the launch of fully-fledged operations in Sri Lanka with a new incisive thought leadership report on the country's real estate potential. 

Report Highlights:

Investment grade office stock in Colombo is expected to multiply 2.4 times in the next 4-5 years. The IT/ITES sector is expected to generate additional demand of 7 million square feet of office space between 2012-2015.
  • Colombo has limited options in 'experience retailing' with major shopping malls constructed nearly a decade ago. At least two to three large, fully facilitated shopping malls are to be constructed in Colombo in the next 4-5 years.
  • Villas and plotted developments to be pushed even further out of the city centre as land becomes more expensive and to be replaced by residential towers in various city locations.
  • Rising land prices in central Colombo will cause leapfrogging of real estate developments. Developers are advised to explore integrated IT parks with office, retail and residential developments in suburban locations.
  • The expected surge in tourism will require a near doubling of hospitality infrastructure in the coming years. 22,500-25,500 hotel rooms or 375-425 hotels need to be constructed during the next five years to meet the projected annual demand from tourists.

    "Our report confirms Sri Lanka as an attractive and emerging investment destination in the Asia-Pacific region; these are the factors that led to our decision to enter this booming real estate market", said Alastair Hughes, CEO - Jones Lang LaSalle Asia Pacific. "Sri Lanka is an extremely promising market for organized commercial, residential and retail real estate services. The country has been on a strong growth trajectory since the re-establishment of political stability."

    Jones Lang LaSalle has been working in close conjunction with key stakeholders in the Sri Lanka property market since 2005, through its operations in India. By establishing its presence in Colombo, the firm is now geared to serve Sri Lankan investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, valuations, transactions, project and development services, property and asset management, integrated facilities management and real estate capital markets across the office, hotel, land, industrial, retail and residential sectors.

    "Globally, our services are driven by research, uncompromising client-focus and proven business models," commented Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India. "We employ the best people in the business in the countries that we operate in and specifically train them to deliver the highest value to our clients. Sri Lanka is a major focus for us, and we are deploying our global expertise and resources to become a single source provider of real estate solutions in the country."

    Gagan Singh, Chairperson, Sri Lanka Operations said: "We already have half a million square feet of quality real estate under management in Sri Lanka, with clients ranging from leading residential developers to IT firms, as well as a mandate for leasing and related transactions with a key multinational banking and financial services client. Our aim is to combine local market knowledge with our access to a global network of multinationals and capital sources, to provide Sri Lankan corporates, government agencies and global clients with superior advice and execution to deliver efficiencies that will transform their real estate portfolios, and to raise capital for real estate assets."

    Jones Lang LaSalle has analysed past and present real estate growth trends, taking into account Sri Lanka's demographic and socio-economic characteristics. The report presents a compelling and convincing picture of a country whose real estate market has taken massive strides forward in a very short time. It outlines Sri Lanka's growth corridors in Colombo, the factors that drive its commercial, residential and retail real estate markets and the catalysts of the country's rapidly expanding hotel industry.

    - ends -

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JONES LANG LASALLE INC
07/17 JONES LANG LASALLE : JLL signs MoU with MCCI to support greater real estate mark..
07/15 JONES LANG LASALLE : JLL Hotels & Hospitality Expands in Greater China
07/11 JONES LANG LASALLE : JLL Announces Details of Second Quarter 2016 Earnings Relea..
07/08 JLL : Completes Acquisition of Travis Commercial Real Estate Services
07/08 JONES LANG LASALLE : JLL appointed to handle sale of Royal Phuket Marina
07/05 JLL : Completes Acquisition of Leading Workplace Technology and Management Firm ..
07/05 BUSINESS MACHINES : Will IBM go from owner to renter?
07/05 JLL : Acquires Sage Capital Advisors, LLC in Mid-Atlantic
07/04 JONES LANG LASALLE : Lofts, hotel, apartments among suggestions for downtown Mac..
07/04 EXPERTS : Realty prices down 40% in NCR
More news
Sector news : Real Estate Services - NEC
07/18 CBRE : Wells Fargo agrees City of London office buy, shrugs off Brexit fear
07/12DJCorrection to Mall Owners Article
07/11DJMalls Push Out Department Stores -- WSJ
06/22DJU.S. Existing-Home Sales Rise at Fastest Pace Since 2007
05/04DJMARKET SNAPSHOT : Dow Futures Tumble Over 100 Points After Weak Economic Data
More sector news : Real Estate Services - NEC
News from SeekingAlpha
07/08 FINANCIALS - TOP 5 GAINERS / LOSERS : 00 pm
07/08 VALUATION DASHBOARD : Financials - Update
07/05 JLL closes purchase of workplace technology firm BRG
06/28 Another acquisition for JLL
06/24 INSIDERINSIGHTS.COM DAILY ROUND UP 6 : Ebtc, impv, pglc, panw
Advertisement
Financials ($)
Sales 2016 6 354 M
EBIT 2016 583 M
Net income 2016 426 M
Debt 2016 197 M
Yield 2016 0,70%
P/E ratio 2016 11,60
P/E ratio 2017 11,14
EV / Sales 2016 0,80x
EV / Sales 2017 0,75x
Capitalization 4 899 M
More Financials
Chart JONES LANG LASALLE INC
Duration : Period :
Jones Lang LaSalle Inc Technical Analysis Chart | JLL | US48020Q1076 | 4-Traders
Full-screen chart
Technical analysis trends JONES LANG LASALL...
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 142 $
Spread / Average Target 31%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Colin Dyer Chief Executive Officer & Director
Christian Ulbrich President
Sheila A. Penrose Non-Executive Chairman
Christie B. Kelly Global Chief Financial Officer & Executive VP
David A. Johnson Global Chief Information Officer & Executive VP
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
JONES LANG LASALLE INC-32.07%4 899
CBRE GROUP INC-16.17%9 724
COSTAR GROUP INC7.50%7 232
ZILLOW GROUP INC48.16%6 791
REA GROUP LIMITED16.63%6 309
SHENZHEN WORLDUNION PR..--.--%2 642
More Results