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News Release

London, Stockholm, Chicago, Singapore

Jones Lang LaSalle chosen as preferred global supplier of real estate services for Volvo Cars Corporation

Two firms sign global framework agreement for real estate advice


London, Stockholm, Chicago, Singapore, 25th January 2012 - Jones Lang LaSalle announce they have signed a global framework agreement to provide corporate real estate services including advice on searches, negotiations, renegotiations, disposals, valuations, sales and acquisitions to Volvo Cars Corporation (VCC).

Marie Cronström, Head of Corporate Solutions, Jones Lang LaSalle Sweden commented: “The Jones Lang LaSalle Corporate Solutions team in Sweden have been working closely with Volvo Cars Corporation for the past eighteen months. We are proud to build on the existing relationship between our companies and look forward to working closely together to improve VCC's existing property portfolio, including leased and owned properties around the world.”

Vincent Lottefier, Chief Executive, EMEA Corporate Solutions at Jones Lang LaSalle added: “I am delighted that we were selected by Volvo Cars Corporation to provide a range of real estate services on a global basis. It is a constant challenge for large corporates to review and manage their real estate portfolio to make sure all aspects of it fit with their business strategy. These types of agreement where clients appoint one outsourced provider across a range of services is becoming increasingly common. Working with one brand enables clients quick access to a range of specialists under one roof. This in turn can generate economies of scale and strong relationships which is essential when the world’s economies and markets are evolving at pace.”

In Europe, Jones Lang LaSalle and VCC are currently working on real estate projects across Belgium, Sweden and the United Kingdom. Further projects are also underway across North America and Japan, with additional projects to follow across the globe over the course of 2012.


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 70 countries from 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 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 $47.9 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 www.joneslanglasalle.ru