Merged Entity, Named Jones Lang LaSalle Meghraj, Will Be the Largest Real Estate Services Firm in India.

On 12 June Jones Lang LaSalle Incorporated and the former Trammell Crow Meghraj (TCM), one of the largest privately held real estate services companies in India , announced that the two companies have reached an agreement to combine operations.

Peter Barge, Jones Lang LaSalle's Asia Pacific Chief Executive Officer said in a statement that the merger enables to add immediate scale in India through its ”unparalleled local market penetration and a strong financial position. Together they form the largest real estate services provider in India ”. He says the new company to be known as Jones Lang LaSalle Meghraj “will be a firm to be reckoned with”.

Anuj Puri will be Chairman and Country Head of Jones Lang LaSalle Meghraj and was previously Managing Director of TCM. He says the new alliance “would not only empower our employees to move onto a more robust global service delivery platform but also ensure access to the very best of international standard systems and processes”.

Both Jones Lang LaSalle and TCM's senior management will hold leadership positions within Jones Lang LaSalle Meghraj, and all employees will integrate into similar capacities and roles within the combined organization. Vincent Lottefier, who was previously Jones Lang LaSalle's Country Head for India has been appointed as Chief Executive Officer , India . Two other key senior executives in the new entity are Santhosh Kumar (TCM) and Gagan Singh (Jones Lang LaSalle), who will both assume the roles of Deputy CEOs.

“Jones Lang LaSalle Meghraj has aggressive growth plans. By 2009, we expect to exceed USD 100 million in revenue” said Lottifer. RFP

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