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Shanghai, 20 March 2017 - JLL (NYSE: JLL), a world-leading professional services firm that specializes in real estate and investment management, recently announced the official opening of its Hangzhou Office and hosted the grand opening ceremony on 16 March. Eric Xin is appointed Managing Director of Hangzhou Office.
Since entering the China market in 1994, JLL has provided services for more than 80 cities across China and grown to more than 2,200 professionals and 14,000 on-site staff. JLL Hangzhou marks the firm's 13th and 16th corporate office in mainland China and Greater China, respectively.
"With vigorous private enterprises, a growing science and technology industry, a thriving service sector, a flourishing tourism industry and a favourable living environment, Hangzhou is one of the most diversified and dynamic cities in China and across the globe. Moreover, the success of G20 Hangzhou Summit in 2016 and the upcoming 2022 Asian Games have helped the city to attract the attention from the world. We have every reason to be confident in Hangzhou's real estate market in the coming future," said Eric Xin, Managing Director of JLL Hangzhou office. "JLL has an extensive network worldwide, and builds on a solid foundation of unmatched industry experience and expertise. We are committed to the Hangzhou market with our customised and integrated solutions."
Hangzhou is one of the largest and fastest-growing economies in the Yangtze River Delta. In 2015, Hangzhou's GDP exceeded RMB 1 trillion for the first time and became the 10th city in China to reach RMB 1 trillion GDP. In JLL's latest City Momentum Index (CMI), Hangzhou ranks the 26th alongside Shanghai, Beijing and other major Chinese cities among the world's top 30 most dynamic cities.
As early as 2005, JLL has been initiating its cultivation of the Hangzhou market. In recent years, with the booming development of Hangzhou's urban development, JLL continues to provide comprehensive real estate services for many landmark projects, including:
"The establishment of our Hangzhou Office will further enhance our service capabilities and platform in the Yangtze River Delta and the China market as a whole." said K.K. Fung, Managing Director of JLL Greater China. "I believe that the professional team, led by Eric Xin, will give full play to the advantages of our resources and experiences in Hangzhou. As China continuously transforms from an economy driven by global manufacturing to one dominated by innovative technologies and services, Hangzhou holds a unique proposition in this new wave of development. We look forward to becoming active participants in this transformation. "
Click here to download JLL's newly published Hangzhou City Profile.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, www.jll.com.
JLL has over 50 years of experience in Asia Pacific, with 36,000 employees operating in 94 offices in 16 countries across the region. The firm won the ‘World’s Best’ and ‘Best in Asia Pacific’ International Property Consultancy at the International Property Awards in 2016 and was named number one real estate investment advisory firm in Asia Pacific for the fifth consecutive year by Real Capital Analytics. www.jll.com/asiapacific
In Greater China, the firm was named ‘Best Property Consultancy in China’ at the International Property Awards Asia Pacific 2016, and has more than 2,200 professionals and 14,000 on-site staff providing quality real estate advice and services in over 80 cities across the country. www.joneslanglasalle.com.cn
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