Confident start to 2013 for JLL North West

Simon Donohue

The head of Jones Lang LaSalle in the North West says the first quarter performance of the property consultancy in the region mirrors that of the group itself.

JLL's first quarter results internationally showed a 6% increase revenue to $856m against a net income drop from $22m to $16m.

Fee revenue was $781 million, an increase of 6%.

Reflecting confidence in the firm's cash generation, the Board of Directors announced a semi-annual dividend of $0.22 per share, a 10% increase from the $0.20 a share payment made in 
December 2012.

The company blamed the drop in net income on "restructuring and acquisition charges and intangible amortization related to the takeover of King Sturge".

Commenting on Jones Lang LaSalle's first quarter performance in the North West, David Lathwood, director and head of Jones Lang LaSalle in the North West, said: "Our performance here in the North West of England mirrors the strong figures reported by the firm globally.

"We are appointed on some of the region's most high-profile schemes and developments – including Omega in Warrington, Shell's Carrington site, Kingsway in Rochdale, ITV Granada Studios and One Angel Square – reflecting the strength of our offering in the marketplace.

"Despite the persistence of challenging market conditions, the quality of our consultancy and the breadth of our services here in the region continue to shine through, and provide us with an ideal platform to continue to increase our market share as we approach the second birthday of the merger with King Sturge."

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