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Jones Lang LaSalle appoints senior executives in Greater China

Shanghai, 4 February 2013 - Jones Lang LaSalle recently announced the appointment of David Hand to take on the dedicated role of focusing and fostering inter-regional institutional transactions between mainland China and Hong Kong, as well as enhancing cross boarder capital flows into and out of Greater China. His vast experience across all major property sectors in both Mainland China and Hong Kong has made him the prime choice for this role. Prior to the appointment, David was based in Beijing for 11 years where he served as Managing Director then Head of Investment China for Jones Lang LaSalle.

“We see increasingly more money moving into and out of China to Hong Kong, and expect this to continue. This new appointment will further bolster our services and to drive the strategy across an integrated Greater China platform. It will also equip Jones Lang LaSalle capital markets team with more solid advantages to provide holistic real estate services.” noted KK Fung, managing director for Jones Lang LaSalle Greater China.

In his new position, David Hand will work closely with Joseph Tsang, Managing Director and Head of Investment for Hong Kong, to oversee the strategic direction of a closer collaboration between Hong Kong and mainland China’s capital markets’ business.

In additional to the appointment of David, Anthony Couse will step into the role of Head of Investment, China, while carrying on his responsibility as Managing Director of Shanghai. He will continue to drive Jones Lang LaSalle’s pan-China capital markets business focusing upon core clients and leveraging specialisations.

Mainland investment in commercial real estate around the world will continue to grow this year as Chinese companies are encouraged to invest abroad. In 2012, offshore investment by mainland enterprises in commercial real estate was totaled to be US$3.1 billion. Total investment will continue to grow this year.

“Domestic and international investors are now looking at Greater China as one market; they no longer just look at one city in isolation,” said KK Fung, Managing Director of Jones Lang LaSalle Greater China, “At the same time, we see Chinese buyers continue to focus their investment into Hong Kong, this key investment destination in the world. Since 2003, of all the money that Chinese investors have invested outside mainland, about 44 percent was invested in Hong Kong; there will be more offshore investments by mainland institutions this year and beyond. This overall trend further indicates the ties between the two regions must be strengthened to sustain our strong and market-leading capital markets business.”