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News Release


The structure of Jones Lang LaSalle Russia and CIS will not change

One of the global commercial real estate leading companies Jones Lang LaSalle announced its merging with international property consultancy King Sturge

Moscow, 30 May 2011 – After the merging Jones Lang LaSalle will became the largest real estate managing company in the UK and continental European countries.

The transaction is expected to close on 31 May 2011. Under its terms, Jones Lang LaSalle will pay consideration of £197 million ($319 million) to the partners of King Sturge. All 43 King Sturge offices and businesses will become part of Jones Lang LaSalle and will operate under the Jones Lang LaSalle brand.

Organizational structure of Jones Lang LaSalle representative office in Russia and CIS will not change.

Charles Boudet, Managing Director of Jones Lang LaSalle Russia and CIS comments: “The presence of our company in the world is widening rapidly. So do the intellectual resources and service skills on the EMEA markets. Nowadays our current and future clients can benefit from the professional expertise carried out by the specialists of both companies. We believe that this deal will promote western companies and investors to have an additional argument in favour of Jones Lang LaSalle while choosing the partner”.

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 $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 167 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $41 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010 and 2011 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit our website