Jones Lang LaSalle India launches corporate finance division

In an aim to address to address the finance requirements of non-real estate companies, international property consultancy Jones Lang LaSalle India has launched an exclusive corporate finance division. JLL Corporate Finance will address the requirements of corporate which are not in the business of real estate to make informed decisions about acquiring, disposing of or optimally utilising their existing real estate assets while enhancing shareholder value. “This division has been established specifically to service companies that are not into the real estate business and yet have real estate holdings, be they leased or owned,” says Ambar Maheshwari, Managing Director – Corporate Finance, Jones Lang LaSalle India.  “At the stratum of companies for whom real estate is not a core business focus, such real estate dealings have been taking place from a gut-feel, promoter-driven perspective rather than in a manner that focuses in on an organised utilisation of cash flow,” clarified Mr. Maheshwari. “Such a perspective can only come with a sound understanding of the real estate sector, which is extremely important when it comes to addressing the shareholder value issue. Real estate is a substantial asset class, and unless corporates optimise the returns their real estate portfolios yield, shareholder value is compromised.

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