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News release


Jones Lang LaSalle named Number One Retail sales agency and Number One Hotels/Leisure sales agency in Australia for fourth year running

Jones Lang LaSalle recognised in annual RICS Commercial PropertyAwards for largest volume of retail transactions and hotel sales in 2012

AUSTRALIA, 3 May 2013 – For the fourth consecutive year, Jones Lang LaSalle has been named Number One Retail Sales Agency in Australia and Number One Hotels/Leisure Sales Agency in Australia for the 2012 calendar year.

The annual awards of the Royal Institution of Chartered Surveyors (RICS) recognise commercial agencies which have transacted the greatest volume of sales over $5m in Australia and New Zealand.
Australian Head of Retail Investments, Simon Rooney said, “We are honoured to be awarded the Number One Retail sales agency award for the fourth year running for our work on behalf of our clients.  We acknowledge the commitment of RICS to our industry by supporting these awards to showcase the commercial property industry.”
Jones Lang LaSalle’s Retail Investments sold more than $2.1 billion of retail property in 2012 – the largest volume of the commercial agencies operating in Australia.
The top 3 deals transacted by Jones Lang LaSalle Retail Investments in 2012 included:


• The sale of a 50% interest in three regional shopping centres across Australia – Centro Galleria, Centro The Glen and Centro Colonnades – for $690.4 million to the Perron Group;
• The sale of a 50% interest in the Myer Centre Brisbane for $366 million to ISPT;
• The sale of Top Ryde Shopping Centre in New South Wales to Blackstone Group for $341 million.


Craig Collins, Chief Executive Officer - Australasia, Hotels & Hospitality Group, said, “We are thrilled to receive this prestigious award for the fourth consecutive year and would like to express our gratitude to our clients for their continued support.” 
Mr Collins added, “Last year we successfully transacted over $1.4 billion worth of Australian accommodation hotels and pub assets and, with investor sentiment remaining strong, this heightened activity is continuing this year. Year-to-date 2013 has been one of our strongest starts on record.”
Major highlights of 2012 include:
• The largest hotel transaction ever to occur in Australia in terms of total transaction volume at $415 million with the portfolio sale of the Sydney Harbour Marriott, Melbourne Marriott and Brisbane Marriott in June 2012;
• The largest single asset hotel transaction to ever occur in Australia being the five-star Shangri-La Hotel Sydney for $330 million, also in June 2012;
• Overall, Jones Lang LaSalle Hotels & Hospitality Group transacted 27 assets in New South Wales, 13 assets in Victoria, 8 assets in Queensland and 4 assets in Western Australia.