Jones Lang LaSalle plans to invest $1 bn in property market
December 12, 2007
The US-based Jones Lang LaSalle (JLL), the world’s leading integrated global real estate services and money management firm, is planning to strengthen its position in India. The firm, which recently merged with Trammel Crow Meghraj, a property consultant based in Mumbai, will bring in its investment management business to India and has plans to invest around $1 billion in the country’s burgeoning property market.
“We don’t have any presence in India’s investment management service sector. Now, we have lined up plans to bring in the business to the country. We have also earmarked close to $20 billion for the Asia-Pacific region, and India would get anywhere close to 5% of the amount,” said, Jones Lang LaSalle president and chief executive officer, Colin Dyer. Reports