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News release

MEXICO CITY

Jones Lang LaSalle Completes Mexico’s Largest Property Investment Transaction of 2011 with the $90M Sale of HSBC Portfolio

Record-setting sale comprised the disposition of 90 properties throughout 25 states in Mexico


MEXICO CITY, Sept. 6, 2011 — Jones Lang LaSalle today announced the firm’s Mexico Capital Markets experts have successfully completed the largest commercial property sale in Mexico this year with the $90 million sale of a 90-property commercial real estate portfolio owned by HSBC. The portfolio of bank branches and regional corporate offices is located throughout 25 states in Mexico and was purchased by eight individual investors.

The Jones Lang LaSalle team leading this transaction includes: Managing Director Felix Sanchez Soler along with Senior Vice Presidents Rodolfo Albin and Mauricio Lozano.

“We sought to assist HSBC with its interest in maximizing the value of the company’s local real estate assets by garnering attractive pricing and executing against an accelerated time line. In less than six months, we completed the largest investment disposition transaction in Mexico this year,” said Rodolfo Albin. “This transaction allows HSBC to retain the same strong presence it had prior to this transaction as the third largest bank in the region.”

“We received several offers on each property in the portfolio which confirms an increasing level of interest of local and international investors in high quality assets in Mexico,” added Mauricio Lozano. “While we did receive a degree of interest from foreign funds, all of the buyers that purchased these assets are private Mexican investors who recognize the upside in these locations and assets.”

“The Jones Lang LaSalle team executed an exceptional national and international marketing campaign that secured interest from more than 100 investors and eight final buyers for this portfolio. This is a strong example of how intense collaboration by a professional and dedicated team can produce valuable results,” said Guillermo Mijares, Sub-director of Real Estate Management at HSBC Mexico”
Jones Lang LaSalle Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally.
 
The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. The firm’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 185 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $45.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.