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| Jones Lang LaSalle, Colonial First State Property Management form JV Jones Lang LaSalle Incorporated, and Colonial First State Property Management have entered into a joint venture partnership to capitalize on the premium retail property opportunities in Asia. The 50:50 joint venture company, named Sandalwood will be the first integrated retail development and management service provider to operate across Asia. Jones Lang LaSalle is a global real estate money management and services firm operating in more than 700 cities in over 60 countries. In Asia Pacific, the firm has over 50 years of experience with a network of more than 70 owned offices in 13 countries across the region. Colonial First State Property Management is one of Australia's largest full service property development, management and leasing specialists. Since its inception in 1983, the firm has undertaken more than 25 major shopping centre developments and now manages 36 centres on behalf of third party clients in every state of Australia, including iconic Chadstone Shopping Centre in Victoria, Chatswood Chase in Sydney and QueensPlaza in Brisbane. Sandalwood's scope of retail services will include consultancy, leasing, development and shopping centre management. Its head office will be located in Singapore and the company will launch its operations in two phases. The first phase covers Singapore, Hong Kong, China, Macau, Taiwan, Indonesia and India. write your comments about the article :: © 2008 Construction News :: home page |