Creating the leading retail real estate advisor in Germany
London, 19th May 2008 – Jones Lang LaSalle today announced the closure of its acquisition of Kemper’s Group in Germany, following the completion of all regulatory approvals. The acquisition of Germany’s leading retail property advisor makes Kemper’s Jones Lang LaSalle Retail Group (a wholly owned division of Jones Lang LaSalle Germany) the retail property market leader in Germany. The projected sales of the Kemper’s Jones Lang LaSalle Retail organisation for the full calendar year 2008 will amount to approximately 56 million Euros.
The Kemper’s Jones Lang LaSalle Retail Group has 220 employees in nine German locations operating across four business sectors: Retail Leasing, Retail Investment, Retail Management and Retail Advisory. The executive board of the Kemper’s Jones Lang LaSalle Retail Group will comprise Gerhard Kemper, Rüdiger Thräne and Jörg Ritter. Gerhard Kemper will also become the fourth member of the Management Board of Jones Lang LaSalle Germany.
The Kemper’s Jones Lang LaSalle Retail Group has 220 employees in nine German locations operating across four business sectors: Retail Leasing, Retail Investment, Retail Management and Retail Advisory. The executive board of the Kemper’s Jones Lang LaSalle Retail Group will comprise Gerhard Kemper, Rüdiger Thräne and Jörg Ritter. Gerhard Kemper will also become the fourth member of the Management Board of Jones Lang LaSalle Germany.
Christian Ulbrich, CEO Jones Lang LaSalle Germany, commented: “Our acquisition of Kemper’s reflects the increasing globalisation of the real estate markets. Consolidation in the marketplace reflects the changing demands of the client base of occupiers, developers and investors, all of whom have an increasingly international outlook. Clients frequently require integrated ‘one-stop shop’ services from real estate consultancies and the Kemper’s Jones Lang LaSalle Retail Group is very well placed to provide these integrated services.”
Gerhard Kemper, of Kemper’s Jones Lang LaSalle Retail Group, added: “The merger has created even more competence, expertise and professional know-how than the two companies were able to provide individually. The combined forces of both companies mean we are now able to execute transactions of any scale in the retail sector in Germany.”
Following this acquisition, Jones Lang LaSalle Germany has a total headcount of over 750 employees. Europe-wide Jones Lang LaSalle has a total of 3,900 employees, 500 of them within the retail sector.
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