Jones Lang LaSalle (JLL), one of the world’s leading property service companies, has announced plans to expand its business ventures in the Asia Pacific region.
The group is expected to make two acquisitions in Asia Pacific in the next six months to boost its product offerings. It is preparing to compete with global rivals such as DTZ Holdings and CB Richard Ellis.
“We have two discussions going on, and I would be surprised if we hadn’t acquired new business here in Asia Pacific,” said Alastair Hughes, Chief Executive of JLL (Asia Pacific region).
The company noted that the Asia Pacific region is being looked at by most global investors, as it provides the largest growth potential for property portfolios.
JLL’s business in India is growing at a faster rate and is expected to contribute nearly five percent of JLL’s global revenues this year.
“The whole Indian business is growing faster than Asia, which is growing faster than the rest of the world,” CEO Colin Dyer said.
Currently, JLL’s revenue has grown 26 percent in Asia, a contribution of US$845.3 million to its global revenue.
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