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Jones Lang LaSalle Opens a New Office in Wuhan

An Expert Team Headed by Li Jie Provides Premium Real Estate Services in Central China

Jones Lang LaSalle (NYSE: JLL), the global leader in real estate services, has officially opened a new office in Wuhan, China. Li Jie has been appointed as Managing Director of the Wuhan office.

The capital of Hubei Province, Wuhan City is located at the geographic heart of China and is an important center of economic development. Straddling the Yangtze River, Wuhan sits at the confluence of several major overland transportation routes and plays a key role in the Chinese government’s policy to promote ‘the rise of Central China’. In recent years, Wuhan has emerged as one of China’s fastest growing urban centers—in 2012 it earned a spot in China’s top ten cities based on GDP, and economic forecasts indicate that it will rank eighth by 2015.

“The ‘1+8’ initiative approved by the Chinese Government gives Wuhan a greater catchment area by incorporating eight surrounding cities. Based on current forecasts, the Wuhan City Cluster will be among the world’s 40 largest economic hubs by 2020. The Wuhan real estate market is predicted to deliver impressive growth in the coming decade, and this potential is attracting attention from an increasing number of investors and corporate clients,” noted KK Fung, Managing Director of Jones Lang LaSalle, Greater China. “Wuhan is Jones Lang LaSalle’s tenth corporate office in Mainland China, and our strategic expansion in the city will help meet our clients’ growing need for high-quality, professional real estate services.”

Li Jie, the newly appointed Managing Director of Jones Lang LaSalle’s Wuhan office, counts more than 20 years of experience in the real estate industry, both in China and overseas. He joined the firm 11 years ago and, as the Head of Strategic Consulting for China, he has worked with numerous developers and government clients across China. Li Jie is a highly regarded expert in the real estate consultancy field.

“I am both honored and excited to be taking up this challenging role. The infrastructure in Wuhan has been developing rapidly in recent years, and the ongoing process of urbanization has resulted in a significant growth in real estate market activity and an increasing demand for high-quality real estate services. The timing of our Wuhan office opening will enable us to capitalize on the major transformation of the city in the coming decade,” said Li Jie, Managing Director of Jones Lang LaSalle’s Wuhan office.

“Our experienced team will provide a full range of professional real estate services to users, investors and developers of real estate across all sectors in Wuhan. We will leverage the firm’s existing resources and expertise across China, including our well-established service processes, technical platforms and customer bases to deliver consistent high-quality solutions to our clients. Our Wuhan office is located in Wuhan Corporate Center 5, which received LEED (Leadership in Energy and Environmental Design) certification from the U.S. Green Building Council, demonstrating our commitment to driving green premises and sustainable practices,” Li Jie added.

Jones Lang LaSalle undertook its first project in Wuhan in 2004, and the firm has worked on several landmark projects in the city. These include:
• Regional development strategy advice for the Wuhan CBD (1,000 mu) start-up area.
• Highest and best use analysis for the Wuhan Capital Airport project (100,000 sqm), Parcel 14 and 15 of the Wuhan CBD (1 million sqm), Wuhan Shui On Tiandi (250,000 sqm) and Wuhan Poly Cultural Plaza (100,000 sqm).
• Office space acquisition for international companies based in Wuhan, including Cisco, EMC, Merck, and RBS.
• Office agency appointments for the Oceanwide City (39,000 sqm) and the Wanda Center (85,000 sqm) developments.
• Property management for Wuhan Jianghanlu Mosaic (117,000 sqm).
• Development strategy advisory and industry positioning services for Wutong Lake New Area Industrial Park (1,500 mu)

Since entering Mainland China in 1994, Jones Lang LaSalle has expanded its coverage to more than 80 cities across the country. “The opening of our Wuhan office will further strengthen the Firm’s business and service capabilities in the fast-changing Central China region,” said KK Fung. "We are confident that the new office is in exceptional hands. Li Jie has a strong understanding of the Wuhan real estate market, and he is an exceptional leader capable of growing our business and serving the needs of our clients in Central China.”

Jones Lang LaSalle, Greater China – With the opening of its Mainland China offices in Shanghai (1994), Beijing (1995), Guangzhou (2004), Chengdu (2006), Tianjin (2006), Shenzhen (2007), Qingdao (2007), Chongqing (2011) and Shenyang (2011), Jones Lang LaSalle has consistently delivered innovative real estate solutions and unmatched client satisfaction. The Firm has maintained a significant presence in the Asia Pacific region since the establishment of its Hong Kong and Singapore operations in 1973. By providing clients with creative solutions to complex real estate requirements, Jones Lang LaSalle has forged a proven track record and developed a professional, client-focused approach that is unparalleled in the industry. In Greater China, Jones Lang LaSalle is supported by a team of more than 1,600 professionals and more than 10,000 on-site employees.