Jones Lang LaSalle, the property and money management firm with a big presence in the West Midlands, has notched up global net income of $ 24 . 8 million (£14.5 million) for the second quarter of the year.
The company's UK business saw a rise of 11 per cent in income - and all segments of the firm repoted year-on-year improvements in revenue both for the quarter and for the first half of 2005. Reflecting the overall success of the business, Jones Lang LaSalle's Birmingham office has also had a successful first six months of the year, completing a range of high-profile deals and receiving instructions for high-profile clients.
The office was appointed as commercial consultants on the proposed £270m refurbishment of New Street Station, reporting to Network Rail on the commercial implications of the proposed development, together with the identification of opportunities which will arise as a result of the proposed improvements to the station and surrounding infrastructure.
Jones Lang LaSalle's retail division was also appointed as leasing and development devices to Scottish Widows on the Kingfisher Shopping Centre, Redditch, while the office agency team secured several new tenants for Interchange Place, including Sage, Bank of Ireland and Bevan Brittan who took a total of 52,000 sq ft in the Grade A office development in the heart of Birmingham.
The investment team wase also instructed on several high profile sales, including the disposal of Auchinleck House and Fiveways Shopping Centre on behalf of LaSalle Investment Management.
Meanwhile, Jones Lang LaSalle has expanded its team in the Birmingham office, employing several new members of staff.
These include Jan Thompson as regional Director and head of office agency, who has over 30 years experience in the property industry.
Guy Webber, head of Jones Lang LaSalle's Birmingham office, said: "The Jones Lang LaSalle Birmingham office has undoubtedly made a strong contribution to the overall company results.
"The completion of several high-profile deals and our appointment on prestigious projects such as the redevelopment of New Street reflect our continuing growth and demonstrate our ability to attract the highest quality people to our team.
"We predict that the second half of the year will be just as successful for us and intend to continue to drive our ambitious growth plans in Birmingham and across the Midlands regions".
A few weeks ago the firm said Birmingham's economy was continuing to boom.
" Birmingham achieved exceptional growth in retail rental income for the past twelve months and can now command the highest retail rents of any city in the UK, excluding Greater London, it added.