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News Release

Chicago, IL; Mexico City

Demand for Corporate Outsourcing Rises among Multinational and Domestic Companies in Latin America

Jones Lang LaSalle expands services to meet client needs with new Latin American Lease Administration hub in Mexico City


CHICAGO and MEXICO CITY, Jan, 11, 2010 — As more domestic and multinational corporations operating in Latin America increase their demand for strategic outsourcing services, Jones Lang LaSalle is investing in serving its growing client base through the expansion of its new lease administration service hub headquartered in Mexico City, Mexico.

According to the International Monetary Fund, Latin America’s $5,000 billion economy has grown six percent in 2010, and is predicted to grow more than four percent per year until 2015. One of the way corporations are delivering increased productivity is through creating efficiencies in their real estate operations by outsourcing lease administration services and linking that critical data to on-going portfolio strategy development.

“As one of the few regions that was relatively unaffected by the credit crisis, Latin America is quickly becoming a key destination for global companies that recognize the opportunities its cost advantages, abundant resources and skilled workforce provides,” said Vivian Mumaw, Jones Lang LaSalle’s Global Leader, Lease Administration. “Our new hub will support leading-edge lease administration processes aligned with Corporate Real Estate strategy development that will enable our clients to maximize their Latin American operations to deliver productivity improvements and cost savings.”

Building on its two decades of expertise in lease administration, the Mexico City hub is the newest processing centers of excellence established by Jones Lang LaSalle worldwide to provide streamlined outsourced solutions on behalf of clients in all key global markets. Jones Lang LaSalle now has six lease administration centers including Pittsburgh, Dallas, Delhi, Warsaw and Tianjin.  The firm’s continued investment is part of Jones Lang LaSalle’s sustained strategy to invest in the people, processes and tools necessary to provide a leading edge service to its clients.

“Since the recently proposed lease accounting changes will require companies to have more transparent, documented lease administration programs in place around the world, more and more companies are looking to outsource this critical function,” said Pedro Azcue, CEO, Jones Lang LaSalle Latin America. “Our Mexico City hub will enable our experts to support the region’s strong economic growth by both serving our global clients that have portfolios extending to Latin America, as well as pursue market opportunities with Mexican national companies looking to outsource their lease administration function.”

The firm’s scalable lease administration platform is designed to support a diverse set of needs on a local, regional and global basis utilizing a web-enabled technology platform that provides 24-7 access to data with multi-lingual and multi-currency capabilities. From basic management of lease abstractions and critical dates to full financial management of landlord invoices and reconciliation audits, Jones Lang LaSalle provides comprehensive knowledge and access to data that enables its clients to make strategic real estate decisions that support and enhance their core business through cost reductions, risk mitigation, and strategic portfolio management.

Jones Lang LaSalle has been the leading provider of lease administration for nearly two decades. Within the last five years, its lease administration business has continued to grow, providing a range of services from data management to full financial scope lease administration services for more than 70,000 corporate sites and $6.7 billion in managed spend. Currently, Jones Lang LaSalle serves more than 30 clients with portfolios in Latin America, a number that is forecasted to grow dramatically in the next 12 months.

Lorena Fuertes, an 18-year veteran of the firm, will lead the Latin America Lease Administration practice.  As an Executive Vice President in Jones Lang LaSalle’s Corporate Solutions practice, Fuertes is charged with growing the firm’s presence and capabilities in the region.

 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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 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 approximately $40 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.