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Jones Lang LaSalle and Trammell Crow Meghraj comes together

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As per the sources available with www.propertykhazana.com, Jones Lang LaSalle and Trammell Crow Meghraj publicized a perfect contract that they are joining the two important realty consultancies to become the biggest realty services firm in the country and will be known as Jones Lang LaSalle Meghraj. These two services JLL-TCM has one of the country’s finest research and development players with the amenity for the clients with complete portfolio of realty consultancy services. The new unit’s market share will be 35% and it will have 50% of International land consultants segment. Below JLL Meghraj total realty management was 44 Million Sq.ft, merging 21 Million Sq.ft of JLL and TCM’s is 23.2 Million Sq.ft.
The sources further added @ the www.propertykhazana.com is that taking the venture development services into account, there will be about 21 Million Sq.ft while the united leasing transactions will be 22 Million Sq.ft. The combiner’s total workers power of recently created company is 2,800 which will probably grow by 35% by 2009 by starting offices in 10 main places. JLL Meghraj has planned income of $100 Million by 2009. New unit will also begin a complete range of fresh products and services like Hotel Division, new capital markets and shopping centre organization and Meghraj properties selected JLL as the valuable co-worker after purchasing back the equity of Trammel Crow. For more information/details logon to www.propertykhazana.com .
Source: NIMMA BENGALURU

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