Global real estate services firm Jones Lang LaSalle (JLL) posted strong earnings in the third quarter, with revenue climbing 28 percent to US$903 million (S$1.167 billion).
This was mainly attributed to higher market share and incentive fees, as well as the acquisition of King Sturge.
“We continue to see healthy business pipelines into our seasonally strong fourth quarter,” said Colin Dyer, President and Chief Executive. “While helping our clients keep a careful watch on market conditions, we are extending our winning competitive position with increased market share and superior service delivery.”
Meanwhile, Q3 revenue in its Asia Pacific business climbed 22 percent year-on-year to US$200.6 million (S$257.5 million) in Q3, up from US$165 million (S$211.8 million) over the same period last year, helped by the company’s leading position in Greater China and India.
JLL noted that despite global economic concerns, its business performance is expected to finish positively this year.
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