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News Release

St. Petersburg

Jones Lang LaSalle develops one more segment of the real estate market in St. Petersburg

Company’s branch opens a street retail office in St. Petersburg


St. Petersburg, 19th of September 2011 – An international consulting company Jones Lang LaSalle diversifies its business in St. Petersburg. Following the successful experience at the Moscow market in a regional representative office is established a department of street retail. This department’s efforts will be focused on strengthening Jones Lang LaSalle leadership positions in real estate market of Russia in general and the North-West region in particular.

Andrey Rozov, Head of St. Petersburg office Jones Lang LaSalle comment: “We are a very dynamic company and are constantly striving to develop our business by opening new directions and involving the best teams of experts having a wide experience and a perfect professional reputation at the market. Street-Retail, on the one hand, has considerable potential for business development in St. Petersburg, on the other hand, perfectly fits and adds to the already created structure, creating a synergistic effect working with other divisions of the company.

The new department team at the St. Petersburg office of Jones Lang LaSalle was formed by experienced participants at this market. Sergei Fedorov, Deputy Director of Jones Lang LaSalle in St. Petersburg will manage this direction of. In addition, Mr. Fedorov will also be responsible for business development at Jones Lang LaSalle St. Petersburg. Prior to joining Jones Lang LaSalle, Sergei was CEO Praktis.

Sergei Fedorov, Associate Director of Jones Lang LaSalle in St. Petersburg, said: "Jones Lang LaSalle office in St. Petersburg has been successfully working with large-sized retail objects, with shopping centers. Therefore, in terms of synergy of the two business directions it is a logical company’s decision  to include into the company's  structure a new division. Our team will actively work to develop the existing activities of Jones Lang LaSalle and strengthening the company's position in the street retail segment. As for me I would like to add that I really like the business culture of a large international company Jones Lang LaSalle and I'm glad to be part of this team".

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) - a company providing financial and professional services in real estate. Having an expert teams all over the world the company offers an integrated services to owners, tenants and investors, seeking increased value of their assets in real estate. The company's turnover in 2010 amounted to more than 2.9 billion U.S. dollars. Jones Lang LaSalle has 200 offices worldwide operating in more than 1,000 cities in 70 countries. Jones Lang LaSalle is an industry leader in the management field of corporate real estate - a portfolio consist of  approximately 1.8 billion sqm around the world. LaSalle Investment Management, the investment management division, is one of the largest and most diverse in the world of assets under management worth more than $ 45 billion.
In Russia and CIS countries, Jones Lang LaSalle represented by offices in Moscow, St. Petersburg and Kiev. In 2004, 2006, 2007, 2008, 2009, 2010 and 2011, the company was honored with the award "Consultant of the Year" by Commercial Real Estate Awards, Moscow and prizes "Consultant of the Year" by Commercial Real Estate Awards, St. Petersburg in 2009. For more information about the company can be found on the site www.joneslanglasalle.ru