Addition of Morii Appraisal & Investment Consulting Will Meet Demands of Local and International Clients
TOKYO, JAPAN and SINGAPORE -- (Marketwired) -- 03/01/16 --
Real estate services firm JLL (NYSE: JLL) today announced its share acquisition of Japanese company Morii Appraisal & Investment Consulting, Inc. (MAIC). The purchase will enhance the firm's valuation services in Japan to meet a wide range of needs from local and international clients.
Toshinobu Kasai, Managing Director and Country Head, JLL Japan, says: "While the Japanese property market continues to grow, there are increasing demands for investment advisory from global investors. With MAIC's extensive experience and well-established reputation with domestic investors, I believe that together we will be able to deliver integrated valuation services to both Japanese and international clients. I'm confident that with this enhanced platform, we will have a compelling service offering that will provide our clients with a competitive advantage in the market."
JLL, which operates in more than 80 countries, already provides valuation services in Japan to a number of international investors, financial institutions and firms. As demand for valuation consulting from Japanese investors for outbound investment continues to expand, the firm will be able to leverage its deep global reserves of data and expertise to meet these needs.
"By integrating MAIC's local experience and knowledge into its global network, JLL will be able to deliver top quality valuation services with high ethical standards in Japan," adds Mr Kasai.
Founded in 1948, MAIC is one of the leading valuation and consulting companies in Japan and provides services to Japanese corporations, J-REITs (Japanese Real Estate Investment Trusts) and municipal governments. It will operate as Morii Appraisal & Investment Consulting, Inc. - a JLL company. Shotaro Morii continues to lead the company as CEO.
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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with over 30,100 employees operating in 83 offices in 16 countries across the region. The firm was named 'Best International Property Consultancy' and 'Best Property Consultancy Asia Pacific' at the International Property Awards Final 2015 as well as number one real estate advisor in Asia at the 2015 Euromoney Real Estate Awards. www.jll.com/asiapacific.
200 East Randolph Drive Chicago Illinois 60601 | 30 Warwick Street London W1B 5NH |
9 Raffles Place #39-00 Republic Plaza Singapore 048619
Phone: +65 6494 3572