The leading global real estate services firm Jones Lang LaSalle (NYSE: JLL), announced today that it has joined forces with Procon, a firm dominant in the Indonesian real estate market. The combined business operations, in which Procon will become a part of Jones Lang LaSalle, creates the largest real estate services company in Indonesia. It will have over 300 personnel and continue to house its headquarters in Jakarta with additional offices in Bali and Surabaya. Integration of the business lines and the team as well as a full rebranding of the business will begin immediately.
Jones Lang LaSalle came together with PT Procon Indah in 1980 to form the first international property consultancy firm in Indonesia, before going their separate ways in 2001. With this long history together, the two firms share a similar culture and business values. They have built a strong track record in supporting the needs of real estate owners and occupiers with their broad range of industry expertise.
The business will be run by Todd Lauchlan in the position of Country Head while Lucy Rumantir, formerly Chief Executive Officer for Procon, will assume the role of Chairman. Both Jones Lang LaSalle and Procon's senior management will hold leadership positions in the company, and all employees will integrate into similar roles within the combined organization.
Chris Fossick, Managing Director for Jones Lang LaSalle South East Asia said: "The two firms share similar values and have deep roots in the real estate services industry in Asia Pacific. It is a solid cultural fit and the synergy will significantly strengthen our value to clients in Indonesia and across the region."
Todd Lauchlan Country Head for Indonesia said: "The combined strength of our businesses enables us to capitalize on Indonesia's economic growth and provides us with a scale and depth of expertise which will be of great benefit to our clients. Clients will also benefit from the increased number of services which we now offer allowing them greater ability to tap into opportunities in the market."
Lucy Rumantir, the new Chairman for Jones Lang LaSalle said: "I am delighted and excited with this new combined business operations in which clients will receive greater benefit as it brings together a deep leadership talent from two thriving businesses."
Source: JLL
