JLL Philippines named top real estate investment advisory firm
JLL leads Asia Pacific hotels investment advisory for tenth consecutive year
Real estate services provider and consultancy firm JLL Philippines has been ranked as the leading investment advisory firm in the country with 48% market share in 2020, according to data analyzed and published by Real Capital Analytics (RCA).
“To say that 2020 was exceptionally difficult is an understatement, but this fuels JLL Philippines to be even more committed in providing sound investment advice to our clients as they reshape their real estate strategies to thrive in the next normal,” says P. Ryan Isip, JLL Philippines’ Head of Capital Markets.
“The pandemic has made way for new real estate dynamics and more sophisticated investors, and so JLL will continue to leverage on our industry expertise and property technology (proptech) to be able to continue providing the most innovative client-centric solutions,” he continues.
In the same study, JLL was also ranked as the leading hotel investment advisory firm in Asia Pacific for the tenth consecutive year. JLL again advised on the most transactions, as measured in dollar value, in Asia Pacific, maintaining its winning record in the respected investment tracking study since its launch in 2011.
“The Asia Pacific hotel industry has faced unprecedented challenges in 2020 yet remains firmly on the radars of the world’s most astute and sophisticated investors. Given the longer-term horizons of hotel investors, we’ve stayed close with our client base throughout 2020 and see relationships solidifying further in 2021 as activity re- emerges,” says Mike Batchelor, CEO, Asia Pacific, JLL Hotels & Hospitality Group.
JLL is forecasting approximately $7 billion in transactions in 2021. The forecasted activity represents an increase of 20% year-on-year, up from $5.8 billion in 2020. Additionally, in a recent survey conducted by the firm, approximately 70% of polled investors expressed their desire to deploy more capital into the Asia Pacific hotels sector in 2021.
According to data published by RCA, JLL has advised on over USD 21 billion of hotel and resort transactions since 2011 which represents 51% of all brokered transactions in the region.
JLL has been operating in the Philippines since 1997 as a 100% wholly owned entity and currently manages about 5.3 million square meters of real estate with a workforce of over 1,300 employees. With more than two decades of local expertise working hand-in-hand with its global legacy, JLL provides to the Philippine real estate market an unparalleled synergy of services with a strong commitment to achieve real estate ambitions through future-ready approaches. For further information, visit www.jll.com.ph.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.