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News release

AUSTRALIA

JLL makes two new acquisitions to bolster its Valuations and Advisory business

After doubling the size of its national Valuations and Advisory platform over a year ago, growth continues with the acquisition of national providers, Australian Valuation Solutions and Maloney Field Services


​ Following on from the successful acquisition of Propell National Valuers over a year ago, global real estate firm JLL has further acquired two national providers of valuation and advisory services - Australian Valuation Solutions (AVS) and Maloney Field Services.

The acquisitions of the two firms, based in Adelaide but with national reach, will further increase the geographic spread and specialisation of JLL’s Australian Valuations and Advisory platform.  

Australian Valuation Solutions (AVS) will add significant public sector valuations experience through the addition of former Australian Valuation Office employees.  Maloney Field Services is an infrastructure consultant and property valuer to large projects across Australia’s transport, power and energy, water and oil and gas industry. This will bolster JLL’s national team.

CEO of JLL Australia, Stephen Conry said, “This is the third acquisition JLL has made in the Valuations and Advisory space in the past 15 months. Over a year ago, we acquired Propell National Valuers which doubled the size of our platform nationally,” said Mr Conry. 

Australian Valuation Solutions (AVS):

Six AVS staff, all of whom have had long careers with the former Federal Government agency, the Australian Valuation Office, will join JLL and continue to operate from headquarters in Adelaide, with offices also in all mainland states and the ACT.

The acquisition will expand JLL’s footprint in the public sector valuations space and enhance the firm’s capability in providing property, plant & machinery and institutional cultural & heritage valuations.

Current Managing Director of AVS, Ty Noble will take up a senior leadership role at JLL.

Maloney Field Services:

The national valuation and land access company, headquartered in Adelaide, was founded 45-years ago and has an additional presence in Brisbane and Sydney. The 15 staff will join JLL under the banner, ‘Infrastructure Advisory Services’. 

Maloney Field Services provides land access and associated property consultancy services to a wide range of public and private sector clients across a broad geography of infrastructure projects in Australia.

Current Managing Director of Maloney Field Services, Peta Mantzarapis wi​ll take up a senior leadership role at JLL. Peta holds a Bachelor of Business in Property (Valuation) and is a Certified Practising Valuer and a Fellow of the Australian Property Institute (FAPI).  She commenced with the firm in 1999. 

David Maidment (AAPI) will also join JLL from Maloney Field Services. Mr Maidment has over 28 years’ experience in real estate across sales, leasing, management and valuation. He is a Certified Practising Valuer and Registered Land Agent specialising in negotiations for site acquisition and land access, along with assessments of compensation on infrastructure projects throughout Australia. 

Also joining JLL will be Jamahl Waddington and Steve Arnold. Mr Waddington, who commenced with MFS in 1997 as a graduate Valuer, has since established himself as a national leader in the field of land acquisition, land access and infrastructure advisory. He has provided expert advice and services to Australia’s largest infrastructure developers particularly in the resources, transport and mining sectors. Mr Arnold will take up a senior leadership role with JLL where he will continue in the management and delivery of infrastructure projects on the east coast of Australia. Mr Arnold commenced with Maloney Field Services in 2007 providing specialist property advisory services to both Government and private sector clients across a broad array of infrastructure and resource projects.

Mr Conry said, “The acquisition of Maloney Field Services positions JLL to play a bigger role in infrastructure development and advice.  Infrastructure is increasingly moving more into the remit of real estate teams and JLL wants to be at the forefront.

“The property industry is a key contributor to the Australian economy and the infrastructure industry is a key economic driver for the nation.  

“We see this acquisition and the addition of the specialist team from Maloney Field Services as a good strategic fit for the continued growth and diversification of our services. 

“Maloney Field Services is an impressive leader in the provision of services to the transport, power and energy, water, oil and gas industries, with a proud 45 year history, and we welcome them to the JLL team.

“Australian Valuation Solutions (AVS) brings to JLL valuable public sector valuations expertise.

“The addition of these experts deepens our service offering to government clients.

“We welcome AVS to our expanding national valuations team.  We are dramatically increasing JLL’s specialisation and diversification of our valuation business,” said Mr Conry.

AVS Senior Directors joining the JLL business in senior roles are:

  • Ty Noble (FAPI Property, P&M) - Ty specialised in providing real property, plant & machinery and heritage & cultural valuations for the Federal Government for over 17 years, becoming their Director General Valuations Plant and Machinery in 2010.
  • Simon O’Leary (AAPI – P&M) – Simon has over 30 years’ experience in plant & machinery valuations in both the private sector and the Federal Government. He spent the last 20 years of his career at the Australian Valuation Office.
  • Todd Svanberg (AAPI AM ASA) - Todd’s career has focused on providing asset valuation and advisory services to the public-sector. Todd has undertaken a number of multi-billion dollar portfolio valuations in this sector.

Ty Noble will continue to lead his business under a JLL banner of Public Sector Valuations.

JLL’s Managing Director, Advisory & Consulting Services - Australia, John Talbot said, “The addition of AVS to our business is a good strategic fit, delivering greater depth within the public sector valuations space.  It will bolster our national platform of advisory services we deliver on behalf of the Federal Government in particular.  

“JLL’s Integrated Facilities Management (IFM) business and Project & Development Services business are already providing services to a range of Federal Government clients including Defence and DFAT. Our Canberra valuations team provides valuation services to a number of these government departments and the addition of AVS adds critical mass in the delivery of these services.

“AVS will also allow JLL to expand further into plant & machinery valuations with added expertise from Directors of AVS who have wide experience in this area.

“Maloney Field Services provides JLL with a unique and integrated advisory, valuations and transaction support service offering in the market for infrastructure and land access.

“Their track record is impressive and demonstrates the extensive specialist expertise they provide to a range of government and corporate clients, including the Federal Government, State Governments in South Australia and the Northern Territory and Local Government.

“JLL has been responding to increasing demand for specialised valuation services by increasing the capacity of our Valuations & Advisory teams across Australia, focusing on sector specialisations including residential, residential development, infrastructure and plant and equipment.  We have more than doubled our team over the past few years and continue to assess opportunities to add to our specialist advisory team,” said Mr Talbot.

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About JLL’s National Valuations Platform & Acquisitions:
JLL’s acquisition of Propell National Valuers in September 2015 added 200 expert valuers specialising in residential valuations predominantly to complement the firm’s commercial valuation offering and expanding its reach further into the residential sector and expanding the geographic base for commercial valuations.

JLL has one of Australia’s largest Valuations businesses, providing core services of valuations for commercial assets including office, retail, industrial and hotels and has diversified into land subdivision and residential development site valuations, health and aged care, student accommodation, infrastructure and easements and plant and equipment. JLL has been responding to increasing demand for specialised valuation services by increasing the capacity of its Valuations teams across Australia, particularly focusing on sector specialisations.

About JLL:
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 60,000.  On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.  JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 offices in 16 countries across the region. We were the first global commercial property firm to establish an Australian presence in 1958 and currently employ over 2,500 employees throughout our 10 offices across the country.