News »
26. Juli 2012 
Print
Print
LaSalle acquires Singapore firm Credo Real Estate
Jones Lang LaSalle has agreed to acquire Credo Real Estate, the Singapore-based independent real estate advisory firm.
Credo Real Estate was established in 2002 and has 50 Singapore-based employees specialised in collective and residential sales, valuations, auctions, research and consultancy. Credo Real Estate is the clear market leader in collective sales, having transacted close to S$930 million in 2011. Combined with Jones Lang LaSalle’s S$200 million of collective sales this would be a market share of 35 percent in 2011, around S$1.13 billion. When completed, the acquisition will also double the size of Jones Lang LaSalle’s Singapore residential project sales team and will add a new specialist service, mortgage valuations.
Credo Real Estate was established in 2002 and has 50 Singapore-based employees specialised in collective and residential sales, valuations, auctions, research and consultancy. Credo Real Estate is the clear market leader in collective sales, having transacted close to S$930 million in 2011. Combined with Jones Lang LaSalle’s S$200 million of collective sales this would be a market share of 35 percent in 2011, around S$1.13 billion. When completed, the acquisition will also double the size of Jones Lang LaSalle’s Singapore residential project sales team and will add a new specialist service, mortgage valuations.
