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Frankfurt, London January 11th 2008 – Jones Lang LaSalle has acquired Brune Consulting Management a Düsseldorf-based retail management specialist, employing 30 people with mandates encompassing some 250,000 sq m, including nine shopping centres. Its clients include several leading German and international investors.
With immediate effect, Brune will be combined with Jones Lang LaSalle’s existing Management Services operations in Germany and Austria, which takes the overall retail space under management up to around 450,000 sq m, including 15 shopping centres, positioning Jones Lang LaSalle as one of the retail leaders in both countries.
“With this volume and business platform Jones Lang LaSalle has positioned itself as one of the leading companies in the area of shopping centre management in Germany. We are going to expand these business activities consistently in order to meet the requirements and the demand from the market side and thus the investors’ needs.” says Markus Reinert, a Director, Jones Lang LaSalle, Dusseldorf.
Alastair Hughes, CEO EMEA, Jones Lang LaSalle adds: "The impressive growth track of the German business continues with this acquisition, adding considerable new strength to our retail management capabilities in Germany. This latest acquisition also demonstrates the firm's commitment to expand our retail business across the region."
Markus Reinert, a Director and member of the German management board of Jones Lang LaSalle and Peter Orend, CFO, Germany, Jones Lang LaSalle will become managing directors of Brune Consulting Management. The previous managing director, Mr. Rainer Bodenburg, will continue to support the company as a consultant. |
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