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News Release

London

JLL sponsors International Valuations Standards Council

Support to assist the development of global valuation standards


London, 15th August, 2014 – JLL has announced its sponsorship of the International Valuation Standards Council (IVSC) the global standard setter of international valuation standards and technical guidance designed to improve confidence among financial markets and real estate investors.

Andrew Renshaw, Lead Director of Valuation and Professional Advisory at JLL, said: “The IVSC’s objective to advance and promote agreement and awareness of valuation standards across the globe is one that we wholeheartedly support.

“A high quality valuation framework which is fair and collaborative will help improve confidence not only among JLL’s clients but global financial markets as whole. JLL is pleased to provide financial funding to drive this initiative forward.”

Sir David Tweedie, Chairman of the IVSC Board of Trustees, added:

“Originally established to support real estate markets, the IVSC has expanded to issue standards for other classes of assets and liabilities. However real estate is an extremely important global asset class and the IVSC will continue to develop standards applicable to real estate to improve transparency and accountability and thus boost investor confidence in the sector.“

Support by the property sector is vital for the growth and development of a strong and effective IVSC and I welcome this endorsement of our mission by JLL.”​