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News Release

Moscow

Retail Property Management new instruction: shopping and entertainment center OZ Mall


Moscow, 7 July 2010 - We are pleased to announce that with effect from June 01, 2010 Jones Lang LaSalle has been appointed as the Property Manager for OZ Mall in Krasnodar.

OZ Mall is one of the largest Shopping and Entertainment Centres in Europe with a total area of approximately 212,000 sq m and a GLA of 165,000 sq m situated on a land plot of about 46 hectares. In the current first stage of the project the anchors OBI, kika and O`Key are already operating. Decathlon is soon to follow with a scheduled opening in September of this year. The last stage is expected to open in March 2011.

Togrul Gonden, Head of Retail Property Management Jones Lang LaSalle states: “We are very pleased that we could add yet another Property Management mandate after our wins earlier this year and we are honored to be part of such an outstanding and innovative Shopping and Entertainment Centre”.

The developer is AIM Property Development, which is planning to invest further in shopping centres in Russia.
Landlord’s Statement. “OZ Mall aims to become the best Landlord in the Russian market. OZ MALL has contractually engaged the best professionals in the industry to ensure outstanding contemporary design, Tenant Mix, Property Management and Marketing with the participation and cooperation of the best Russian and European Agencies.”

Jones Lang LaSalle is a professional services firm specializing in real estate and has unparalleled property management expertise and breadth of experience in Real estate industry. We are an industry leader in property and corporate facility management services, with a portfolio of approximately 130,000,000 sq m worldwide. Our strong corporate foundation will allow us to bring our experience and implement best practices to increase overall satisfaction of tenants and customers and achieve successful business and financial results for investors and developers of OZ Mall.

Jones Lang LaSalle Property Management team abides by international standards and management procedures which it will also apply to OZ Mall operations in Krasnodar and we trust that our efficient services will allow us to develop OZ Mall into a successful and profitable project.
 
 
 
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 149 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009 and 2010 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit our Web site http://www.joneslanglasalle.ru