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Jones Lang LaSalle Opens New Office in Xi'an, with Chiao Sheng Appointed as Managing Director

Further Solidifying Our West China Service Delivery Platform

XI'AN, China, Dec. 18, 2013 /PRNewswire/ -- Jones Lang LaSalle (NYSE: JLL), the global professional services firm specializing in real estate, today announces the opening of its Xi'an Office, with Chiao Sheng appointed as the Managing Director. This new office marks the Firm's 11th in Mainland China and 14th in Greater China.

Jones Lang LaSalle started in West China with Chengdu in 2005,and building on good business growth, opened its Chongqing office in 2011. Xi'an is now another key milestone in West China with its strategic location. "As we mark our 20th anniversary in Mainland China in 2014, the opening of the new Xi'an office further demonstrates our commitment to solidify our service delivery platform in China," said KK Fung, Managing Director of Jones Lang LaSalle, Greater China.

As the capital city of Shaanxi Province, Xi'an holds an important position in Northwest China with its economic advantages connecting East China and West China. Xi'an is not only the starting point of the ancient Silk Road, but also a core city in the new 'Silk Road Economic Belt', linking European and Asian economies. The competitiveness of the city stems from its strong cultural identity and strength in education and research capabilities. In addition, Xi'an has a great potential for growth in the real estate sector because of its underlying demographics that supports robust retail markets and industrial diversification.

With more than 20 years of commercial real estate experience in Taiwan, China and the United States, Chiao Sheng, the newly appointed Managing Director of Jones Lang LaSalle's Xi'an office, expressed, "I am honored and thrilled to take up this exciting role. Our experienced team will provide a full range of professional real estate services to users, investors and developers of real estate in Xi'an, and we are dedicated to the city's development." Chiao has extensive knowledge in the planning and operation of commercial real estate projects; he is highly recognized in the retail industry. He led the Chengdu Retail team to its market-leading position in West China through quality services in many landmark projects.

Jones Lang LaSalle undertook its first project in Xi'an in 2004 and has worked on several landmark projects in the city, including:

  1. Xi'an Greenland Center: Positioning, design review, sole leasing agency, operation and opening consultancy for its commercial section (45,000 sqm)
  2. Xi'an International Center: Highest and best use (HBU) analysis and property management consultancy (over 1 million sqm)
  3. Xi'an Gemdale Qujiang New District project: Positioning, design review and sole leasing agency (86,957 sqm)
  4. Da Minggong project of Century Ginwa Group: Positioning, design review, sole leasing agency and consultancy (over 210,000 sqm)
  5. CapitaMall Xi'an: Office sole leasing agency (33,000 sqm)
  6. Chang'an Metropolis Center: Full property and asset management service (over 270,000 sqm)

"In China, we have worked for a series of city-level landmark projects, such as The Bund redevelopment (Shanghai), the Shanghai World Expo site regeneration, Beijing Bird's Nest, Guangzhou IFC and Chengdu Lan Kwai Fong," noted by KK Fung. "I am confident that our new Xi'an office will enable us to provide even more comprehensive solutions to meet our clients' strategic business requirements in China."

About Jones Lang LaSalle
Jones Lang LaSalle (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. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 26,100 employees operating in 79 offices in 14 countries across the region. The firm was named 'Best Property Consultancy' in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.ap.joneslanglasalle.com

In Greater China, the firm has approximately 1,700 professionals and 12,000 on-site staff, providing quality real estate advice and services in the areas of retail, residential, commercial, management services, project and development services and research. The firm has been serving key clients including various government agencies and developers, as well as owners of high-end residential and commercial buildings in over 80 cities across China. www.joneslanglasalle.com.cn  

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