Jones Lang LaSalle named a top real estate broker in Europe

Jones Lang LaSalle has emerged as the top real estate broker in Europe based on investment transaction volume in 2011, according to PropertyEU’s annual ranking 2012. Jones Lang LaSalle leaped far ahead of its nearest competitor with total deal volume of EUR 23.1 billion.

Jones Lang LaSalle’s total was more than 50% higher than its own result a year before, and nearly 70% higher than the EUR 13.6 billion booked by its biggest competitor.

Tomasz Trzósło, Head of Capital Markets CEE, Jones Lang LaSallecommented:  “Central and Eastern Europe contributes increasingly more to the overall European performance of Jones Lang LaSalle in capital markets. In 2011 Central European capital markets team advised in the total deal volume of EUR 2.52 billion, which is more than 10% of total European Jones Lang LaSalle volumes. Some key deals completed by our team in Central Europe in 2011 include Olympia in Brno, VGP warehouse portfolio in Czech Republic, Magnolia Park in Wroclaw, Atrium Promenada in Warsaw, Palac Flora in Prague or TPSA office HQ project in Warsaw. Furthermore, the sale of the 74% interest of Millennium City Center and the sale of Alkotás Point and Science Park were advised by Jones Lang LaSalle in Budapest.”

Jones Lang LaSalle was appointed as sales agent on thirteen biggest CEE investment transactions involving a selling agent in 2011. The company’s overall market share in Central and Eastern Europe represented more than 75% of all transactions with agents last year.