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News release

Sydney

For the second year in a row, Jones Lang LaSalle named Number One Retail Sales Agency in Australia and Number One Hotels Sales Agency 

Jones Lang LaSalle was responsible for the largest retail and hotel commercial property mandates in 2010


SYDNEY, 15 APRIL 2011 – For the second year in a row, Jones Lang LaSalle and Jones Lang LaSalle Hotels have taken out 2 of the 4 RICS awards for commercial property– being rated as the Number 1 Retail Sales Agency in Australia and Number 1 Hotels Sales Agency in Australia for 2010.
 
The annual awards of the Royal Institution of Chartered Surveyors (RICS) recognise commercial agencies which have transacted the greatest number of sales and dollar value of sales over $5m in Australia and New Zealand, which were settled in 2010.
 
Jones Lang LaSalle’s Retail Investments sold more than $2 billion of retail property in 2010 with an estimated 80% market share (+$20 million).
 
Jones Lang LaSalle was entrusted with Australia’s largest retail property agency mandate in 2010:
 
• The sale of the Direct Factory Outlet (DFO) Portfolio to Colonial First State Retail Property Trust for $574.5 million on behalf of Austexx Proprietary Limited in September 2010
 
Other major transactions included:
 
• Lakeside Joondalup Shopping Centre in WA for $475m to Lend Lease & the Future Fund;
• The sale of a 25% interest in Westfield Doncaster in Victoria to ISPT Pty Ltd for $350 million, on behalf of Asia Property Fund;
• A 50% interest in Westfield Whitford City in WA for $256.5m to GIC Real Estate.
 
Head of Retail Investments, Australia, Simon Rooney said “The award is a welcomed industry acknowledgment of Jones Lang LaSalle’s long term commitment to excellence in this highly specialised sector of the Australian property market.”
 
Jones Lang LaSalle Hotels sold a total of 48 accommodation hotels and pubs in Australia in 2010, with a combined value of over $790 million.
 
Major transactions included:
 
• TAHL Portfolio (Novotel Brisbane, Mercure Hotel Brisbane, Hotel Ibis Brisbane, Mercure Hotel Perth, Hotel Ibis Perth) for $175 million to CDL Hospitality Trust
• Sofitel Wentworth Sydney for $130 million to LaSalle Investment Management
 
Craig Collins, Chief Executive Officer – Australasia - Jones Lang LaSalle Hotels, said “We are delighted to have been awarded this prestigious accolade for the second consecutive year.  We especially value the award as it is recognition of our dedication to delivering quality results for our clients.”