Jones Lang LaSalle acquires Credo Real Estate

Property consultancy Jones Lang LaSalle (JLL) today announced its acquisition of property advisory firm Credo Real Estate.

Karamjit Singh, Credo’s Managing Director, said he hopes the move will help his company increase market share both locally and overseas.

“The key driver behind this deal was the culture and values that we share with Credo; we are a people business and our success is based around skills and relationships,” added Chris Fossick, Managing Director of JLL Singapore and South East Asia.

“The coming together of Credo Real Estate and Jones Lang LaSalle strengthens our already strong and established teams, by providing us with even greater talent and the ability to successfully serve our clients,” he noted.

Moving forward, Singh will head the Singapore Capital Markets and Collective Sales teams and will be responsible for JLL’s Singapore residential sales.

The integration of the business lines and teams, along with a full rebranding of all business activities is expected to start on 1 September 2012.

Source : PropertyGuru – 26 Jul 2012

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