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News Release

Kyiv - Moscow

Kyiv Research Forum (KRF) founded on the initiative of leading international property consultants


Kyiv - Moscow, 18th March 2009 - On the 18th of February, the leading property consulting companies operating on the Ukrainian real estate market – Colliers International, DTZ and Jones Lang LaSalle – signed a Memorandum of Cooperation to establish the Kyiv Research Forum.

The purpose of the Kyiv Research Forum (KRF) is to facilitate information exchange between consulting companies, as well as bringing conformity to the classification of commercial real estate properties and forming a consensus on the existing and prospective supply. Kyiv Research Forum had been established to ensure high quality consulting services provided by member companies.
 
The KRF kicked off with an initial meeting held at the end of November 2008, with the participants discussing how the forum will operate, the commitment expected from each member, as well as the list of items for exchange.
 
“This Forum is an appropriate essential tool, enabling the consultants move up to fundamentally new quality level of consultancy services provided on the market”, - Yuri Nartov, Managing Director Colliers International (Ukraine) comments. “Due to the unique property classification and reconciliation of the key market indicators, the market outlook will have the most precise and correct analysis, benefiting all the participants”.
 
Nick Cotton, Managing Director of DTZ Ukraine comments: ‘DTZ has been operating in Ukraine since 1994 and, through this time have pioneered the development of the commercial real estate consultancy industry seeking to promote improved market transparency, business ethics and, good market practice. Having had a dedicated research team established since 2003 we are delighted to now work with our colleagues, together representing the leading advisors operating in Ukraine to further promote this process of improving market transparency and, consistency in the procurement and representation of information”.
 
"This Forum is an overdue initiative reflecting the Kiev market moving into the next phase of maturity.  The transparency that will come from sharing of core information and a common approach to calculating and classifying this data will benefit all investors, developers and users of commercial real estate in Ukraine",  - Peter Honey, Managing Director Jones Lang LaSalle Ukraine says.
 
 
 
About Colliers International
Colliers International is a leading commercial real estate services provider and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 293 offices throughout 61 country worldwide including CIS Baltic countries with 11,000 employees. Colliers International Ukraine’s office was based in 1997 and employs over 65 professionals. Colliers International collaborates with international and local corporations in leasing and/or sales of office, retail and industrial property providing services in Brokerage, Capital Markets, Counselling & Valuation, Development & Advisory, Investment Sales and etc.
For more information please about Colliers International please visit www.colliers.com.ua
 
About DTZ
DTZ is a leading global real estate adviser with over 12,500 staff operating under the DTZ brand across 150 cities in 45 countries providing solutions for clients around the world. Its client-focused activities range from high quality capital market solutions, to cutting-edge occupier-led property services and advice. The comprehensive service offering across Europe, Middle East & Africa (EMEA), Asia Pacific and a growing presence in The Americas is based upon detailed local knowledge backed by first-class research. With its full-service expertise spanning all real estate sectors, DTZ offers a global solution to meet each client’s particular property-related investment and business needs. The parent company, DTZ Holdings plc, has been quoted on the London Stock Exchange since 1987. For more detailed information about DTZ please visit www.dtz.com/ua
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising 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 2008 global revenue of $2.7 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 1.3 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $46 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 and 2008 at the Commercial Real Estate Awards (Russia). For further information, please visit our Web site http://www.joneslanglasalle.ru