London-based Jones Lang LaSalle (JLL,
"As globalization gathers momentum in the real-estate sector and in anticipation of Taiwan's entry into the WTO, we believe there can only be more synergies," said Gerry Kipling, JLL's Asia CEO. Established in London in 1783, JLL has offices in 40 cities in 18 countries and over 2,600 employees worldwide.
Investec, which was founded in 1980 and offers a broad range of services, including market research, retail consulting and leasing and development programming, will become a full partner of JLL under the deal.
Executives refused to reveal the terms of the merger.
JLL Taiwan, as the company will be called locally, will see additional services added to its inventory including capital-management services to aid asset management companies, banks and property developers restructure their real estate portfolios.
Other new services will include investment services to facilitate the entry of foreign developers into the market and know-how to establish shopping centers and retail property management.
Calvin Wang (王治平), founder and president of Investec will head JLL Taiwan. "Taiwan's economic structure is currently undergoing several major changes," he said. I expect this situation will benefit international firms interested in investing in the local real-estate sector and will open up international connections to the local market.
Jones Lang LaSalle offers real-estate and investment management services in 100 markets on five continents. Its property and corporate facility management portfolio totals approximately 213.36 million square meters around the world.
Investec has been active in the analysis of development potential for land surrounding stations for the north-south high speed rail project and the proposed mass rapid transit link between Taipei and the CKS International Airport.
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