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News Release


Jones Lang LaSalle’s Birmingham team achieves top spot in leading investment agency league table

Birmingham, 18 February 2009 – Jones Lang LaSalle has topped the 2008 Property Data Investment Agent League table for the West Midlands; according to independent research undertaken by Property Data; specialists in UK commercial investment transactions. The analysis shows that Jones Lang LaSalle achieved first place by transacting of £196 million of investment deals in the West Midlands last year, giving the National Investment team a 43% share of the total value of deals which changed hands during this period.

Last year the team was involved in the second largest deal in Birmingham city centre with £30.5 million acquisition of 2 Brindleyplace for clients of IVG Funds. Other key deals included the £28 million sale of Smallbrook Queensway for Quintain and the £18m purchase of Mclaren Tower for Masshouse.

Ed Gamble, head of Jones Lang LaSalle’s National Investment team in Birmingham, said; “Despite the much documented drop in investment activity seen across the UK, this remains a fantastic result and is a reflection of the team's hard work and increasing profile across the region.

“While the market remains tough, investors, particularly the German Funds, are beginning to see value in Birmingham and other regional centres, largely as these markets tend to be less susceptible to fluctuations in rents in comparison to London.”