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News Release

LONDON

JLL commits to the future growth of London with a dynamic new team launch

Michael Davis to lead the team that will specialise in the areas outside core Central London markets


​- A first in the London market
- The team will specialise in the areas outside core Central London markets
- Michael Davis to lead the team 
 
London, 20 April 2015 – JLL announced today the launch of their London Unlimited team in response to the significant shift in London’s evolving property market. With recent research predicting office employment in London to grow by a quarter of a million people (11%) in five years (2015 - 2019), there is an increasing pressure on landlords to keep pace with the rising demand for office space, infrastructure improvements and a changing occupier mind set regarding their location. 
 
The new multi-disciplinary JLL London Unlimited team, a first in the London market, will work with existing investor and developer clients, local landlords and businesses to look for opportunities in areas outside of traditional core Central London markets.
 
Michael Davis will lead the team which will take a holistic approach to provide cross sector knowledge to real estate assets and will draw on the wider expertise of JLL’s other service lines including office leasing, investment and development, occupier representation, residential, planning and retail to deliver unrivalled advice.
 
Commenting on the team launch, Michael Davis, Head of JLL’s London Unlimited, said:
 
“With companies embracing new ways of working, an increasingly distributed office network, and increased occupational costs, businesses are more footloose than ever. The UK property industry is now more open, diverse and inquisitive than in previous generations and there is a continual blurring of the lines between offices, retail and residential. This is never more apparent than in dynamic neighbourhoods such as Hackney, Ealing, Deptford and Peckham.
 
“Sustained population and employment growth in London over the next five years will lead to an under provision of office stock of 23 million sq ft which is why we’re excited about these developing areas. Not only do they provide a great opportunity for our landlord clients to invest in new markets, they also offer our occupier clients more value for their money.”
 
Guy Grainger, Chief Executive at JLL UK, commented:
 
“JLL is building a fresh new team which will have a joined up service, a different voice and outlook but still contains the same core JLL values. The team is dynamic and agile, and will operate in the areas outside of the traditional City and West End markets, out as far as the north and south circulars. It’s a ‘one stop’ service for clients that will provide cross disciplinary expertise and will work with both landlords and occupiers.”
 
Neil Prime, Head of UK Office Agency, said:

“This is a really exciting development in our business model going forward ensuring that we are able to provide the best most experienced advice in these markets for our clients, both old and new. It is a first in terms of the larger real estate services businesses in London and additionally shows our commitment to grow and develop in pioneering markets and develop a more diverse offering to our clients.”

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