Tuesday, December 11, 2007

Ramesh Nair




"2008 will be the year of correction, consolidation and moderation, in the Indian real estate sector."

Ramesh Nair, Managing Director of JLLM (Jones Lang LaSalle Meghraj), Chennai

December 12, 1.30 pm
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2 comments:

Murali said...

Ramesh is a Managing Director for Jones Lang LaSalle’s Chennai region. With his understanding of all the major real estate markets in South India including Hyderabad and Bangalore, Ramesh has serviced many domestic and multinational clients including owners, occupiers and investors.



Not only does Ramesh have experience in office, retail, land, residential and industrial property markets, but also has a thorough understanding of the capital markets, consultancy, research and valuation side of the business. Throughout his career he has developed a reputation for his integrity and commitment to clients' objectives.



Ramesh has been with Jones Lang LaSalle since 1999. Prior to this, he has worked for international property consultants, including Colliers Jardine and CB Richard Ellis, since 1996. As part of these assignments, he was instrumental in setting up operations, developing business and servicing clients. He has exposure to diverse markets through short stints in Singapore and Washington D.C.



Ramesh graduated from the University of Madras with a Master of Business Administration degree in Finance and Marketing. Ramesh has also completed his Bachelor of Business Administration degree, from University of Madras and a Post Graduate Diploma in Marketing Management from Loyola Institute of Business Administration, where he stood first. Ramesh is author of several articles on real estate issues in some of the leading newspapers in India. He is also a regular speaker at various real estate forums and is a guest speaker for a business school. He has also been involved with various initiatives of the Tamil Nadu state government and Confederation of Indian Industry (CII) to improve infrastructure and promote IT and BPO investments into the state.

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Source:
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24/10, Haudin Road Off Ulsoor Road
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Tel: +91.80.41146966
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Murali said...

Company info...

From www.joneslanglasalle.com

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine’s “100 Best Companies to Work For” and Forbes magazine’s “400 Best Big Companies,” has approximately 160 offices worldwide and operates in more than 450 cities in over 50 countries. With 2006 revenue of over USD2 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of over 1 billion square feet worldwide. In 2006, the firm completed Capital Market sales and acquisitions, debt financing, and equity placements on assets and portfolios valued at USD 70.9 billion. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse real estate money management firms, with approximately USD44.3 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.

Jones Lang LaSalle has over 45 years of experience in Asia Pacific. With over 12,500 employees operating in more than 60 offices in 13 countries across the region, the company is positioned to partner with clients to provide the quality advice needed for making quality decisions.

Jones Lang LaSalle India has been operational since 1998 and has offices across Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad and Kolkata. With over 1,700 employees, the India operations has been successfully providing quality advice to clients, developers and investors alike for services such as research, consultancy, transactions, project and development services, integrated facility management, capital markets and retail advisory.

About the former Trammell Crow Meghraj
Trammell Crow Meghraj (TCM) formerly was an equity partnership between Trammell Crow Company, one of the largest diversified commercial real estate services companies in the world with the Meghraj Group, a private financial services company (UK), with diverse business interests and Sundown Group, a real estate investment company from the UK.

Formerly established in 1995 as Chesterton Meghraj, the company was an equity partnership between Chesterton International and the financial asset management experience of Meghraj organization in India. The company was built with a vision and zeal to be amongst the largest end to end real estate service providers in India. Over the last decade, this has been translated into phenomenal growth of TCM on ground, ever progressive geographic and service coverage all in the context of demonstrating the highest levels of professionalism and integrity.

The company is catered to the needs of commercial business, the retail sector and housing specializing in delivering property services to industry – both multinational & national.

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From a press release dated June 12, 2007 announcing the merger of the two, Jones Lang LaSalle and the Trammell Crow Meghraj, to form the largest real estate services firm in India...

New Delhi, June 12, 2007 — Jones Lang LaSalle Incorporated (NYSE: JLL), the world’s leading integrated global real estate services and money management firm and one of the largest privately held real estate services companies in India formerly known as Trammell Crow Meghraj (TCM), announced today that they have reached an agreement to combine operations. The merger enables Jones Lang LaSalle, which has an integrated global platform with approximately 160 offices in more than 450 cities in over 50 countries, to add immediate scale in India, one of the world’s fastest growing economies and strengthen its depth of resources in the local market. For TCM, Jones Lang LaSalle’s global resources will enhance their ability to serve clients’ global needs.
“Jones Lang LaSalle has an unmatched global corporate platform and industry best practices while TCM has unparalleled local market penetration and a strong financial position. Together they form the pre-eminent and largest real estate services provider in India, with a robust platform that will play to the strengths of both firms and elevate service delivery, coverage and depth for clients. The merger will also create a dominant brand and strong market leadership position, which is set to revolutionize the future of the real estate services industry in India. With a much more diverse management team, stronger talent pool, larger geographic footprint and enhanced scope of services, Jones Lang LaSalle Meghraj will be a firm to be reckoned with for all local, regional or global business opportunities in India. All of these would not have been possible as separate firms,” says Mr Peter Barge, Jones Lang LaSalle’s Asia Pacific Chief Executive Officer.

Mr Anuj Puri, Chairman and Country Head of Jones Lang LaSalle Meghraj and previous Managing Director of TCM states, “TCM was built with a vision and zeal to be among the largest end to end real estate service providers in India. Over the last decade, this has been translated into phenomenal growth of TCM on the ground, ever progressive geographic and service coverage all in the context of demonstrating the highest levels of professionalism and integrity.

By this merger, we had envisioned forging a new alliance with a best in class global real estate services firm, which would not only empower our employees to move onto a more robust global service delivery platform but also ensure access to the very best of international standard systems and processes, which would allow for even higher standards of service delivery to our clients in India.”

“In forging the alliance with Jones Lang LaSalle in India, this vision has been realized as the international standing and robustness of Jones Lang LaSalle matches the drive and entrepreneurial spirit that lies at the core of TCM India’s business model. Both organizations have a similar approach towards maintaining the highest professionalism and integrity in service delivery to clients and commitment to its employees, which forms the bedrock of the new combined business entity through which positive synergies would flow for clients, employees and stakeholders,” adds Mr Puri.

Both Jones Lang LaSalle and TCM’s senior management will hold leadership positions within Jones Lang LaSalle Meghraj, and all employees will integrate into similar capacities and roles within the combined organization. Mr Puri maintains senior oversight as Chairman and Country Head, along with Mr Vincent Lottefier, who was previously Jones Lang LaSalle’s Country Head for India has been appointed as Chief Executive Officer, India. Two other key senior executives in the new entity are Santhosh Kumar (TCM) and Gagan Singh (Jones Lang LaSalle), who will both assume the roles of Deputy CEOs.

Jones Lang LaSalle Meghraj will have approximately 2,800 employees in India, with offices in ten cities. The combined firm, which will have 44 million square feet under management across India, will have its India head office in Delhi.

Mr Vincent Lottefier, the new CEO of Jones Lang LaSalle Meghraj says, “This merger of equals is all about improving service delivery, coverage and depth for our clients and growing career and wealth creation opportunities for all our combined staff. It positions us to expand our capabilities significantly, strengthen our talent pool and leverage the full potential offered by Jones Lang LaSalle’s corporate platform and TCM’s strong reputation in the local market. The strong client relationships built by the two organizations with reputable global names as well as top Indian brands will reinforce the new entity’s prominent standing in the real estate industry.”

“Jones Lang LaSalle Meghraj has aggressive growth plans. By 2009, we expect to exceed USD 100 million in revenue and aim to establish offices in five more cities, bringing the total number of cities that we operate in to 15. We will also introduce additional service lines including a full service hotel division, corporate capital markets, debt and derivatives, asset management and specialist mall management. We will continue to hire and grow our talent pool to ensure that we have the best people to provide quality advice and services to our strong and reputable client base. Our plan is to grow our professional staff strength by 35% over and above the present strength of 2,800 employees by 2009. We are also confident that our tremendous depth of expertise, strong research and thought leadership will position Jones Lang LaSalle Meghraj to influence, drive and lead the real estate debate in India,” adds Mr Lottefier.

Mr Puri concludes, “We are excited by the opportunities that lie ahead for Jones Lang LaSalle Meghraj. The outlook for the firm and the Indian real estate market is positive. India is on the radar of many corporations looking at investing or expanding their businesses in Asia. The real estate market is burgeoning and set to take flight as it becomes a significant contributor to India’s economic growth. The number of multinational corporations setting up businesses in India is increasing rapidly and local Indian corporates are also expanding aggressively all across the country and abroad. Considering the stage at which the real estate market is at now, we believe there will be strong demand for comprehensive and enhanced scope of real estate services with adoption of international best practices, which is where Jones Lang LaSalle Meghraj has the competitive edge. As a key player in India, our firm is poised to service, partner and support India’s leading real estate investors and developers to cater to the service needs of a growing number of local and multinational corporates.”