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News Release

Warsaw, Budapest, Bucharest, Prague

Jones Lang LaSalle Launches Property Management Service in the CEE Region

Warsaw, Budapest, Bucharest, Prague, 9 November 2009 - Jones Lang LaSalle is pleased to announce the launch of their Property Management service line across the CEE region with appointment of Roman Skowroński and Virginie de Baere as new leads for Property Management in CEE, and Judit Rohonyi as Head of Property Management in Hungary.

Commenting on the Property Management launch, John Duckworth, Managing Director Central & Eastern Europe said: “During this year we have looked in detail at the Property Management sector in CEE. Our conclusions were that the market is fragmented and service levels are highly variable. This is particularly the case when one looks at the CEE market as a whole - something most landlords and investors are actively doing. We decided that the opportunity exists to build a high quality and consolidated Property Management service that protects and enhances the key assets of our clients across the region. Our first priority was to invest in a high quality leadership team who will be responsible for building our consolidated CEE platform. By recruiting both highly experienced Retail and Office specialists as leads we are demonstrating our intent to offer a service based on real expertise and a commitment to providing high quality services to our clients.”

The new members of the Jones Lang LaSalle Property Management team combine deep local experience with a wide knowledge of the real estate market in CEE and include:

Roman Skowroński, Head of Property Management CEE based in Warsaw, who will lead the business and is responsible for setting up the business, team, and generating growth across the CEE region. Previously Roman was Operations and Portfolio Director of CEFIC responsible for the owned and third party Property and Asset Management of 14 shopping centres across Poland. This included the development and property management of Arkadia shopping centre in Warsaw, one of CEE's most prestigious retail assets. During this role he was responsible for over 1 million sq m of space (560K sq m GLA) running a team of 40 and managing 1200 lease agreements with a rent roll of Euro 56 million pa. Roman brings a wealth of property management and retail experience to the team in CEE.

Virginie de Baere, Head of Offices Property Management CEE, based in Warsaw and reporting to Roman Skowroński, will supervise the Property Management team from the Office sector perspective across the region. Virginie was formally Head of Property and Asset Management of Knight Frank in Warsaw. She has over 10 years experience in the CEE market and has worked with some of the most active clients in the CEE region including DEKA, Invesco, GLL, AIB, WP Carey and Immoeast. At Knight Frank she led a team of 35 which managed over 750K sq m of space across the market.

Roman and Virginie will be joined by Judit Rohonyi as Head of Property Management in Hungary. Judit was formally part of the successful Jones Lang LaSalle Hungarian Retail Agency team and brings strong Property Management experience to the team in her previous roles both with Jones Lang LaSalle and EC Harris. Judith will be working closely with the new Property Management leadership to provide clients with a best in class CEE Property Management platform.

In addition to the three appointments, Jones Lang LaSalle is pleased to confirm that Kamil Lubiejewski will take on an advanced CFO/COO role for CEE with specific responsibility for the development of a best in class IT and Finance platform to support the Property Management business line. This will consolidate operational reporting across CEE, whilst respecting local country nuances in terms of tax and legal requirements.