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News Release

Saint Petersburg - Moscow

Jones Lang LaSalle first property management instruction in St. Petersburg


Saint Petersburg - Moscow, 15 April 2010 – Following yesterday’s news about the Fifth Avenue shopping center assignment in Moscow, Jones Lang LaSalle is pleased to announce another instruction of the Retail Property Management team. It will provide marketing management services to BRIZ Construction Company LLC, the owner of the GALERIA shopping and entertainment complex which is currently being built in the central part of Saint Petersburg.

GALERIA’s Gross Building Area will be 192,000 sq m. Over 250 stores of well-known international and local brands will be located on 5 levels. Among the tenants are O’Key, Formula Kino, Ile de Beaute, Topshop, Topman, Miss Selfridge, Mango, InCity, Colin’s, Nice Connection, Karen Millen, CK Jeans, Oasis, Manoukian,  Zimaletto, Sportmaster,  O’Stin, Springfield, L’Etoile, Meucci, Swarovski, Henderson, Accessorize, Woolstreet, Monton, Motivi,  Fiorella Rubino, Intimissimi, Calzedonia, Tezenis, Tatuum, Nike, Monsoon, Alessandro Frenza, etc. The construction works will be finished by the 1st of October 2010 and the complex is planned to be launched in Q4 2010.

Currently Jones Lang LaSalle manages more than 320 shopping centers all over the world, with total area more than 14 million sq m. 

Dirk Wichner, European Director, Head of Retail Property Management Department, Jones Lang LaSalle: “We are very proud to have won such an important instruction to provide property management services to the GALERIA shopping center which is set to be a unique and conceptual project for the St. Pete retail landscape”.
 
 
 
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 130 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 more than $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 and 2009 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