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Property Management Leader to Assist with Some Absolute Properties

December 10, 2010

Jones Lang LaSalle, well known worldwide as the premier property management company, has begun providing condominium management services for the beautiful and well designed Absolute Properties in Thailand with the first two properties being Absolute Bangla Suites and Absolute Nakalay Beach, both on the island of Phuket. Absolute Group will continue to direct the rental and hotel operations at both properties.

In Phuket, Jones Lang LaSalle is headed by Dexter Norville a U.K. citizen who has been working in Thailand for over eight years. Dexter is Director of Property and Asset Management reporting directly to the Managing Director. He is Head of Estate Management for Holiday locations in Phuket and other beach locations including Kao Lak, Krabi, Hua Hin and Koh Samui.

Dexter says, “Our goal is to ensure all of the owners at Absolute’s condominium properties will receive strong reliable condominium management including operational administration and accounting, facilities services, customer relation services and engineering services. It will not be our aim to ever remove the owners from the decision making process, but to assess each situation and present our recommendations to the owners committees to enable a quick and informed decisions to be made.”

“We will implement some of our management procedures which have made Jones Lang LaSalle the most successful and respected property management provider globally. To do this, we have assigned our experienced management team to conduct a full and detailed audit in order to determine, propose, plan and execute the condominium services required for the properties and implement operating standards and procedures to achieve the targeted high-end operation and functioning of all facilities.”

For Absolute Properties, Jones Lang LaSalle will be providing condominium administration services. These services include the following: condominium financial accounting, juristic administration and meeting arrangements, engineering consultancy and general property auditing. These services are Jones Lang LaSalle’s core specialties, and these services will provide new and existing condominium owners with improved and higher dedicated conveniences.

Jones Lang LaSalle has over 50 years of experience in the Asia Pacific region, with over 17,800 employees operating in 76 offices in 13 countries across the region. The company knows and understands the complex Asian property markets very well.

Jones Lang LaSalle’s operation in Thailand began twenty years ago in 1990, and today they are the largest international property services firm in Thailand with a staff of over 1,000 managing over 3.6 million square meters of mixed property types; including commercial, residential, retail and industrial properties all across Thailand. The Absolute Group knows that Jones Lang LaSalle’s long history in Thailand will ensure that their properties are in competent and knowledgeable hands.

Implementing best practice solutions to all property management and integrated facilities management contracts, Dexter heads the Thailand EOS (Engineering and Operations Services) and sits on the Asia Pacific EOS team which supports all areas of the business. These include special projects, consultancy, engineering services, critical environment management, and sustainability. Thus, helping Jones Lang LaSalle Thailand improve services to its clients and delivering qualified advice in many management areas.

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 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management.

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