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New platform capitalises on US$290bn worth of assets valued each year
SINGAPORE, 20 September 2012 – Jones Lang LaSalle has launched a new cross border valuations platform in the Asia Pacific region, offering a truly integrated service for institutions and funds, developers and corporate clients.
In 2011, Jones Lang LaSalle performed close to 12,000 valuations in the Asia Pacific region, worth around US$290bn. With the new valuations platform, the firm hopes to capitalise on the growing number of cross border transactions within the region and also globally.
In 2003, cross border purchasing transactions made up just 10 percent of all transactional activity, today it sits at around 20 percent. Singapore, in particular, has been a main source of the capital in the last 18 months, with Australia, China, Hong Kong and Japan showing to be the main recipients.
“In a fast moving market where cross border activity is increasing, an accurate property valuation and appraisal is fundamental to business success. We are very excited about the establishment of a pan regional valuation platform. Our clients are demanding a more integrated and co-ordinated valuation service as they themselves become more regionally focused,” said John Talbot, co-lead for Jones Lang LaSalle’s Asia Pacific regional valuation practice based in Australia.
Jones Lang LaSalle’s dedicated valuations team has worked with numerous clients within the region, including cross border valuations for Aviva, GIC Real Estate Pte Ltd, Goodman and Hongkong Land Group.
Chun Kong Lau, co-lead of the regional platform based in Hong Kong said “With 260 staff in 14 countries, our platform offers clients a significant local advantage when it comes to understanding and analysing local market trends. Coupled with our regional coordination structure, we give clients the best of both worlds: local knowledge with a regional and global flavour and the most credible brand in the market.”
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