Business Services Industry
Jones Lang merges India office.
Australasian Business Intelligence, June, 2007
Jun 13, 2007 (The Australian Financial Review - ABIX via COMTEX) -- The Indian division of Jones Lang LaSalle will be merged with Trammell Crow Meghraj, to form Jones Lang LaSalle Meghraj. The merged group will manage some 44 million square feet of commercial property in India, with a workforce of 2,800. CEO Vincent Lottefier forecasts that the merged group's revenue will top $US100m ($A118.6m) by 2009. India's real estate industry is currently worth some $US12bn, and Ernst & Young estimates its annual growth rate to be 30 per cent.
Publication Date: 14 June 2007
JONES LANG LASALLE INCORPORATED
TRAMMELL CROW MEGHRAJ PROPERTY CONSULTANTS PVT LTD
ERNST AND YOUNG
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