JLL unveils 36% hike in European revenue

Jones Lang LaSalle (JLL) has unveiled a 36% rise in full-year European revenues to $926m (£464m) which includes a 21% hike in its fourth quarter.   However, capital markets revenue took a 12% fall in the region’s fourth quarter, which saw flat revenue growth in England and Germany for the three months to 31 December.   The agent reported a 46% rise in global net income to $175m (£87.8m) for the year to 31 December and a 30% rise for the fourth quarter to $105m (£52.6m).   Global revenues were up 32% to $2.7bn (£1.3bn) for the full year.   In the EMEA region, annual growth was driven by England, Germany and Russia, with England growing 21% for the full year.   Germany saw a 53% increase, while Russia’s full-year revenue doubled.   Operating expenses jumped by 31% for the full year due to acquisitions, new staff and bonus payments.   Revenue in the Americas region saw a 23% rise to $765m (£383m) for the year, and an 11% hike to $250m (£125m) for the fourth quarter.   The Asia Pacific region saw a 79% rise in revenue to $602m (£302m) for the year.   LaSalle Investment Management’s full-year revenue fell 4% to $371m (£186m).   JLL chief executive Colin Dyer said: “Our performance reflects growth from the diversity of our services and clients, and the breadth of our global platform, a combination which more than offset the impact to our clients of disruptions in the debt markets.”   chris.bourke@rbi.co.uk