Jones Lang LaSalle acquires Swedish joint venture company

Jones Lang LaSalle has acquired the minority interest in the joint venture company Jones Lang LaSalle Asset Management Services, which since 2000, has exclusively provided Asset Management Services for all Skandia Life properties in Sweden - currently totaling approximately 2.3 million square meters. As of January 2003, the company will change its name to Jones Lang LaSalle AB.

'During the last three years, together with Skandia Real Estate, our joint venture partners, we have successfully developed a formula for efficient and value-added asset management services in Sweden,' says Claes Kjellander, Managing Director, Jones Lang LaSalle, Nordic region. 'This is one of our most prestigious assignments, and I welcome the opportunities that will arise as we move into a client/service provider relationship.'

(source: Jones Lang LaSalle)

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