Glasgow, 16 May 2008 - Jones Lang LaSalle Scotland has been crowned the Office Agency of the Year with its recent win at this year’s Scottish Property Awards, which were held on 14 May at the Hilton Hotel, Glasgow.
Jones Lang LaSalle beat off competition from rival agents CB Richard Ellis; DTZ, GVA Grimley; Montagu Evans and Ryden.
These wins build on previous successes, where the firm scooped the Office Agency of the Year accolade in 2001 and 2005, Jones Lang LaSalle is now the only agent to take this trophy home three times.
Ben Reed, Director of Jones Lang LaSalle's Office Agency team in Edinburgh, said: “For us, the Scottish Property Awards are the awards to be shortlisted in, to win this coveted title is a fantastic coup and illustrates our strength and depth across this highly competitive area of the industry.
"2008 is proving to be a challenging year for the commercial property sector, however the market in Scotland will gradually improve. According to our annual Edinburgh and Glasgow City Reports if the level of occupier activity remains strong, we anticipate there will be a reduction in available Grade A office space, further growth in rental levels and increased pre-letting for schemes currently under construction across both Edinburgh and Glasgow."
Jones Lang LaSalle's 16 strong Office Agency team - across both Edinburgh and Glasgow - transacted approximately 800,000 sq ft of office accommodation in 2007 and won new instructions totalling over 1.5 million sq ft of Grade A space.
Highlights for the firm in the past year include: advising Maclay Murray and Spens on the largest pre-letting in Edinburgh since 2004; securing the agency appointment on Tiger Developments Haymarket mixed use scheme (342,000sqft offices); and fully letting Aurora building in Glasgow, leading to the largest ever city centre office investment on behalf of Commercial Estates Group.
The Scottish Property Awards is an annual sell-out event which recognises the professionalism, individuality and flair of the property industry in Scotland. The 14 award categories are judged by an independent body, the Scottish Property Academy, consisting of 60 senior people from the Scottish property industry who nominate the projects, companies and people they believe are most deserving.