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News Release

Budapest

JLL ranked top real estate investment broker in Europe, Middle East and Africa

Real Capital Analytics (RCA) analysis reveals JLL advised on greatest deal volume across the region in 2013 for third year running


​EMEA, 1 April 2014 – JLL has been ranked the number one real estate investment advisory firm in EMEA in 2013, according to recently released independent data from Real Capital Analytics (RCA).

With over €20 billion reported sales in 2013, JLL was ranked top by investment volume across all major sectors: office, retail, industrial and hotels by RCA . JLL also came top in EMEA overall in 2012 and 2011.

As well as leading on the sellside, JLL’s Capital Markets teams were equally active in acquisitions, joint ventures and financing and overall advised on more than €38 bn of commercial real estate investment transactions in 2013.  Acting across 76 local offices in 29 different countries, 70% of JLL’s sales in EMEA involved a non-domestic investor demonstrating JLL’s unrivalled international platform. 

Richard Bloxam, Head of European Capital Markets at JLL said: “Our clients tell me they value the high-quality, specialist commercial real estate advice our experienced local, regional and global deal-making teams provide. We will continue to invest in our ability deliver optimal investment  advice for our clients who benefit from the combination of best in class capital solutions allied to deep local real estate knowledge. I am confident our wider capital markets offering, including structured equity and debt advice, joint venturing, fund raising and bank advisory will be in even greater demand this year as investors continue to cross borders and target long-term real estate investment opportunities in EMEA.”

Benjamin Perez-Ellischewitz, Head of Capital Markets at JLL added: „2013 was a very successful year for our team as well. In Hungary we transacted mainly retail assets in a value of roughly €30 million. During the first half of the year, we finalised the sale of the countrywide Eurodel portfolio, which included some 190 Match and Profil retail units while during the second half of the year we were involved in the sale of the Antana Business Park in Budaörs. In fact, our team transacted a much larger volume in Slovenia where we worked on the landmark Senza Confini retail portfolio of shopping centres (JV between SES and Allianz Real Estate with assets in Austria, Italy and Slovenia) and the disposal of 4 Supernova strip mall by Pramerica to Immofinanz. Those 6 assets in Slovenia have a combined value of more than €140 million.

We see some encouraging sign on the Hungarian market in term of investor appetite and financing options and we expect 2014 to see the return of large assets and portfolio transactions as we are involved on some of those deals in the pipeline.

Rita Tuza, Head of Research at JLL commented: “Last year the total transaction volume amounted to some €320 million in Hungary, showing a significant, 23% improvement on 2012. Out of this total, investment transactions represented a volume of some €240 million. Unfortunately, with these volumes Hungary very significantly lags  behind Poland (€3.4 billion) and the Czech Republic (€1.39 billion). Based on our latest forecasts, we expect the total transaction volume in 2014 to increase slightly on 2013 and reach approximately €350-400 million with an increased share of institutional investment deals.”our latest forecasts, in 2014 we expect the total transaction volume to increase slightly on 2013 and reach approximately (€400 million).”

JLL was also ranked number one sales advisor by traded volumes  in the Asia Pacific region.  In 2013, JLL Capital Markets globally traded an average of $380 million* every working day.