SINGAPORE, 20 March 2014 – JLL has been ranked the number one real estate investment advisory firm in Asia Pacific in 2013, according to recently released independent data from Real Capital Analytics (RCA) * . JLL, which has been ranked in overall first place in Asia Pacific since RCA began releasing data in 2011, was also ranked number one in the office, industrial, hotel, and retail sectors.
The firm’s capital markets team advised on over US$21.5 billion of commercial real estate investment transactions in 2013 in Asia Pacific, equating to 36 percent market share in the region.
Stuart Crow, Head of Asia Pacific Capital Markets at JLL commented: “We continue to support the RCA ranking as the definitive industry standard which, since starting three years ago, has helped increased transparency in real estate markets across the world. The Asia Pacific region is growing rapidly, with 2013 marking a record year for direct investment in commercial real estate markets. Over the past year, we have grown our team significantly, adding 15 regional experts to meet this increasing demand from cross border investors, as a result.”
“We expect investor interest in 2014 to be even greater than last year; there is a significant continued demand for prime assets in core markets across Asia Pacific, as investors from around the world look to expand their real estate portfolios.”
Anuj Puri, Chairman & Country Head, JLL India says, “JLL’s continued pre-eminence as Asia Pacific’s leading investment advisory derives from the consistently high performance of our Capital Markets division. In India alone, our Capital Markets closed INR 2,122 crore worth of transactions in 2013. India is definitely making a comeback as one of the most preferred investment destinations in the APAC region. Despite the economic slowdown, strong underlying demand coupled with favourable currency movement and better bargaining power has continued to attract investors. Moreover, there is abundant additional potential waiting in the wings – foreign investors who are currently not participating in the country due to political uncertainty will definitely be encouraged to funnel their funds into Indian real estate when the new government opens up the field with economic stability and proactive policies.
* Real Capital Analytics (RCA) is an independent data and analytics company which monitors real estate transaction volumes around the world. For more information, visit www.rcanalytics.com
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. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com
JLL has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.jll.com/asiapacific