Jones Lang Lasalle receives award in Germany
Immobilienmanager, the leading German publication specializing in real estate, awarded Jones Lang LaSalle, on 17 February in Cologne, the award for best intermediary and adviser (“Brokerage & Advisory Award”). The jury judges based their decision on the important role of the property consultant in a purchase transaction as a consultant to Corio in 2010.
Jones Lang LaSalle advised the Dutch Corio fund on the purchase of a European portfolio of shopping centers valued at 1,300 million euros and supported the company during the study phase of the buyer and valuation of the portfolio. This operation carried out in 2010 triggered the market recovery in investment in commercial premises in Germany after a long period of stagnation due to the crisis, “said Luis Iñiguez, head of retail at Jones Lang LaSalle.
In March 2010, the Dutch company Corio completed a major purchase of a portfolio of shopping centers promoted by Multi Corporation, a company based in Holland. The multidisciplinary and international team of Jones Lang LaSalle advised on this purchase Corio. With a total volume of 1,300 million euros, the bulk of the portfolio assets are in Germany, including the Forum shopping center in Duisburg and Dresden Galerie Centrum, opened in fall 2009. The portfolio also includes five properties in advocacy, including Boulevard in Berlin, Galerie Arneken Königsgalerie Hildesheim and Duisburg. Furthermore, the portfolio includes assets outside Germany as Torrelodones Area in Madrid, and Espaço Guimarães, in the Portuguese city of Guimarães.