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Jones Lang LaSalle appointed Property and Asset Manager of SEC Galeria

April 16, 2012, 9:48 (PX Newswire)

St. Petersburg-Moscow, 16 April 2012 – Jones Lang LaSalle is glad to announce that it has been appointed by the developer and owner of the SEC Galeria in St. Petersburg, “BRIZ”, as the Property and Asset Manager. Prior to this Jones Lang LaSalle successfully acted as an exclusive marketing and leasing agent of the project.

JLL will provide the following Property and Asset Management services: Re-leasing, Accounting, Marketing, Tenant Relations Management, Lease Administration, Marketing, Operations and Commercialization.

SEC Galeria is located in the very centre of St. Petersburg, at the intersection of Ligovskoy and Nevskiy avenues, near to the Moscow railway station. Ploschad’ Vosstaniya, Ligovskiy Prospekt and Mayakovskaya metro stations are situated within a walking distance to the centre.

Among the 300 tenants of Galeria 70 mainly fashion brands entered the St. Petersburg market through Galeria out of which 7 were even new to the Russian market. The entertainment areas of Galeria include a 10-screen multiplex cinema (Formula Kino 5,500 sq m), a bowling center with 27 lanes (Sapsan 3,157 sq m) and a children entertainment zone (Happylon) on the 5th floor. In addition to a food court various restaurants such as IL Patio, Dve Palochki, Dyuzhina, T.G.I. Friday’s and the Ginza project “Bakhlazan” are located on the 4th floor.

Togrul Gonden, Head of Retail Property Management, Jones Lang LaSalle Russia&CIS, commented: “Galeria is one of the most successful retail destinations in Russia if not Europe. Therefore we are extremely proud that we have been trusted with the Property and Asset Management and Re-leasing. This shopping centre offers incredible potential in the future despite its already dominant market position. The footfall has grown significantly from the first day and continues to do so. A considerable marketing budget has been put in place to sharpen the image further and support our tenant sales directly. We have ensembled a team with unrivalled experience in shopping centre management to ensure that the full potential is drawn. We are confident that the success story of ‘Galeria’ in the first year will be continued throughout the next years.”

With a total leasable area of 94,000 sq m Jones Lang LaSalle’s property management portfolio in Russia reaches 335,000 sq m of GLA in 4 operational shopping centres.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 195 million square meters worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management.

In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008, 2009, 2010 and 2011 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg.
For further information, please visit our website www.joneslanglasalle.ru

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