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News Release


Jones Lang LaSalle Germany Scoops Prestigious Immobilienmanager Award 2011

London, 22nd February 2011 – Leading German property trade journal Immobilienmanager awarded Jones Lang LaSalle its “Brokerage & Advisory” award on February 17 February in Cologne. Commenting on their decision, the judges said: “Jones Lang LaSalle advised the Dutch investor Corio on the purchase of a circa €1.3 billion panEuropean shopping centre portfolio, and supported Corio with both purchaser due diligence and valuation of the portfolio.  For the German retail investment market, this transaction in 2010 was the initial spark after a crisisinduced long wait.”

In March 2010 the Dutch company Corio completed one of the largest ever retail portfoliotransactions in Europe when it acquired a shopping centre portfolio developed by Multi Corporation, which is based in the Netherlands. Jones Lang LaSalle’s interdisciplinary and international team advised Corio on this landmark purchase.

With a total volume of approximately €1.3 billion, the bulk of the assets in the portfolio are in Germany, including the shopping centre Forum Duisburg and Centrum Galerie in Dresden, which opened in autumn 2009. The portfolio also includes five development properties including Boulevard in Berlin, ArnekenGalerie in Hildesheim and Königsgalerie in Duisburg. Outside Germany assets included EspacioTorrelodones in Madrid and EspaçoGuimarães in Guimarães, Portugal.

Marcus Lemli, Head of Leasing and Capital Markets Germany commented: “With regards to time and scale the transaction, which was completed in early 2010, was the first real bright spot for the German retail investment market as we emerged from the financial crisis. Our cross border and interdisciplinary consulting approach enabled us to successfully combine international and local knowhow to offer seamlessly integrated services to our client Corio. Our services also included consistent evaluation and analysis of the diverse range of assets in the portfolio, which included standing assets as well as construction projects and conceptions of projects. We are delighted to have received this award and see it as an incentive to further extend our leading position in the German shopping centres investment market.”