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Jones Lang LaSalle Newsroom
Jones Lang Lasalle Is Maintained at Strong Buy by Raymond James
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$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today
Jones Lang LaSalle: In 2024, 98.3% of Grade A office leases in Hong Kong are concentrated in five major commercial districts, with rents significantly declining to attract tenants.
Jones Lang LaSalle released the "Hong Kong Property Market Observation" report.
Jones Lang LaSalle: Last year, over 98% of leasing demand was concentrated in five major commercial areas, and it is expected that office rents will remain under pressure this year.
In the report "Hong Kong Real Estate Market Observation" published by Jones Lang LaSalle today, it was pointed out that last year, 98.3% of the net absorption of Grade A office space came from the five major submarket areas of Central, Wan Chai/Causeway Bay, Hong Kong East, Tsim Sha Tsui, and Kowloon East, reflecting that the significant drop in rents in key commercial areas has made them very attractive to tenants. In December of last year, the overall net absorption in the Grade A office leasing market recorded a negative 44,600 square feet, mainly due to a lack of large leasing transactions. At the end of last year, the overall market vacancy rate slightly increased by 0.1% to 13.2%. Among these, the vacancy rates in Hong Kong East and Kowloon East rose to 12.4% and 18% respectively.
UBS Maintains Jones Lang LaSalle(JLL.US) With Buy Rating, Raises Target Price to $340
Express News | Jones Lang LaSalle Inc : UBS Raises Target Price to $340 From $310
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The United Kingdom court has approved Jones Lang LaSalle to continue managing Ding Yumei's property in London.
The Financial Times of the United Kingdom reports that a UK court has approved Jones Lang LaSalle to continue managing the 33 luxurious apartments owned by Ding Yumei (the former wife of Evergrande Group founder Xu Jiayin) in London. Previously, Ding Yumei's Assets were frozen after the Evergrande Group was ordered into liquidation, and her ex-husband, Xu Jiayin, was detained for alleged involvement in illegal activities. It is reported that Ding Yumei currently resides in one of the mansions. The report indicates that after appointing liquidators to recover funds for the investors of Evergrande Group, judges in the United Kingdom and Hong Kong approved the freezing order on Ding Yumei's Global assets last year. Additionally, Jones Lang LaSalle stated to the London court that the company will no longer engage unless explicit permission is obtained.
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Express News | Jll Raises Over $1.2B of Construction Financing in Northern Virginia for Data Center Developer, the Blackchamber Group
Press Release: JLL Raises Over $1.2b of Construction Financing in Northern Virginia for Data Center Developer, The BlackChamber Group
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JLL Announces Details of Fourth Quarter 2024 Earnings Release and Conference Call