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Jones Lang LaSalle acquires Procon to form the largest real estate services company in Indonesia

The leading global real estate services firm Jones Lang LaSalle (NYSE: JLL), announced today that it has joined forces with Procon, a firm dominant in the Indonesian real estate market.

The combined business operations, in which Procon will become a part of Jones Lang LaSalle, creates the largest real estate services company in Indonesia. It will have over 300 personnel and continue to house its headquarters in Jakarta with additional offices in Bali and Surabaya. Integration of the business lines and the team as well as a full rebranding of the business will begin immediately.

Jones Lang LaSalle came together with PT Procon Indah in 1980 to form the first international property consultancy firm in Indonesia, before going their separate ways in 2001.  With this long history together, the two firms share a similar culture and business values.  They have built a strong track record in supporting the needs of real estate owners and occupiers with their broad range of industry expertise.
The business will be run by Todd Lauchlan in the position of Country Head while Lucy Rumantir, formerly Chief Executive Officer for Procon, will assume the role of Chairman. Both Jones Lang LaSalle and Procon’s senior management will hold leadership positions in the company, and all employees will integrate into similar roles within the combined organization.

Chris Fossick, Managing Director for Jones Lang LaSalle South East Asia says “The two Firms share similar values and have deep roots in the real estate services industry in Asia Pacific. It is a solid cultural fit and the synergy will significantly strengthen our value to clients in Indonesia and across the region.”

Todd Lauchlan Country Head for Indonesia says “The combined strength of our businesses enables us to capitalize on Indonesia’s economic growth and provides us with a scale and depth of expertise which will be of great benefit to our clients. Clients will also benefit from the increased number of services which we now offer allowing them greater ability to tap into opportunities in the market.”

Lucy Rumantir, the new Chairman for Jones Lang LaSalle said "I am delighted and excited with this new combined business operations in which Clients will receive greater benefit as it brings together a deep leadership talent from two thriving businesses.”

For transaction highlights, please visit our web site at
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About Jones Lang LaSalle 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than USD 2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with USD 45.3 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 19,700 employees operating in 78 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website,

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