As global real estate firms go, Jones Lang LaSalle ticks all the boxes. It offers a staggering array of services worldwide. The firm has surely benefited from the new-found love for all things real estate, which has fuelled a global boom in the sector. But the firm is not simply riding a benign wave. Jones Lang LaSalle has been carefully growing its business organically and through strategic acquisitions.
Jones Lang LaSalle ranked first in six of the global categories in the Liquid Real Estatepoll – consultancy, agency/letting, corporate real estate, research and property management. It also ranked second in global transactions.
Its most recent financial results speak to its success. In July, Jones Lang LaSalle posted a record-breaking second-quarter income of $77.9 million and revenues of $676 million – 33% up on 2006. That translates into first-half revenues of $1.2 billion, 38% up on 2006.
Those aren’t the only impressive numbers the firm has posted. In the past 12 months, Jones Lang LaSalle has opened 18 new offices in 11 different countries and has made 11 acquisitions since the start of 2006. On top of that, over the past three years its investment arm, LaSalle Investment Management, has nearly doubled its assets under management from $24 billion to $46 billion.