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News Release

Prague

Merger of Jones Lang LaSalle and King Sturge succesfully completed in the Czech Republic    

Enhanced company Jones Lang LaSalle enlarged its service & consultancy portfolio and expanded in the Myslbek office building  


Prague, 2nd December 2011 – The merger of the Czech branches of Jones Lang LaSalle and King Sturge has been succesfully completed. King Sturge Czech Republic officially ceased activities to 31 October 2011 and as of 1 November 2011 there is only one successor/trading entity – Jones Lang LaSalle s. r. o.

The merger was also completed by the physical move of all staff into the Myslbek office building (using the entrance from Na Příkopě, number 21), where JLL leased a larger space. 

 „Thanks to merger with King Sturge, we are now offering more services and consultancy under the JLL umbrella – especially in the segment of logistics, residential properties, property management and a completely new service such as asset & financial management for both commercial and residential properties,“ says Tewfik Sabongui, Managing Director of Jones Lang LaSalle.     

Success that Prague office of Jones Lang LaSalle achieved this year include:   

  • Real estate transactions on the Czech and Slovak market worth over a billion EUR. We were mandated for the sale of the following schemes: Olympia shopping centre in Brno, Palác Flóra in Prague, the majority stake of the VGP property portfolio across the Czech Republic and Futurama Business Park (phase 1) in Prague.  
  • Leader in valuation services for a number of clients including institutional funds, banks and developers, for example CTP Invest, CBRE Global Investors, VGP, Immofinanz and Helaba Landesbank Hessen-Thüringen. Valuations are undertaken for financial reporting standards, loan security purposes as well as Initial Public Offerings.
  • Continuous leader on the office leasing market in Prague with a market share from agency involved deals of 29.2%, in the first three quarters.
  • Launch of a new website www.warehousefinder.cz for complex industrial property search in the Czech Republic.
  • Launch and continuation of long-term market research projects such as Office 2020 and Retail 2020. 

Jones Lang LaSalle Czech Republic – overview of departments and its managers:  

Managing Director of Jones Lang LaSalle Czech Republic
Tewfik Sabongui
Eduard Forejt
Tenant Representation
Petr Kareš
Harry Bannatyne
Beatrice Mouton
Residential Agency (sale and leasing)
Iva Nováková
George Lewis
Valuation & Advisory
Robert Brydone
Asset & Financial Management
Stuart Jordan
Property Management CEE and Czech Republic Virginie de Baere
Glyn Evans
Project & Development Services Czech Republic
Pavel Kašík
Market Research and Consultancy CEE & SEE
Kevin Turpin
Ondřej Novotný
Markéta Miková, Nika Frouzová