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News Release


Opportunity to acquire strata office units on Level 17 in Samsung Hub

​Jones Lang LaSalle appointed as sole marketing agent to run a tender process

SINGAPORE, 18 February 2013 – Jones Lang LaSalle Property Consultants Pte Ltd, as the sole marketing agent, is pleased to offer 6 strata units on the 17th floor of Samsung Hub for sale via a tender process.
The offering provides an opportunity for owner-occupiers and investors to acquire a commercial office unit within a 999-year leasehold, prime Grade A office building in Singapore.
The units being offered have strata area ranging from 883 sq ft up to 3,595 sq ft, with a total quantum ranging from S$ 3 million up to S$ 12 million.
Samsung Hub is located at 3 Church Street within the core Central Business District in Singapore and within minutes walk to the Raffles Place MRT station. The building was completed in 2005 with Grade A specifications and comprises a total strata area of 299,753 sq ft in a 30 storey office block with a 6-storey podium for 178 car park lots. 
Ashish Manchharam, Regional Director, Investments comments “This opportunity provides owner occupiers with a long term office accommodation solution within a Grade A office building and a prime Raffles Place address. Investors have the ability to capture a potential recovery in the office rental market, which is poised for growth on the back of limited new supply in 2013 and 2014.”
The tender exercise will close at 3pm on Friday, 15th March 2013.

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Notes to editors
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 25,100 employees operating in 78 offices in 14 countries across the region. The firm was named ‘Best Property Consultancy’ in nine Asia Pacific countries at the International Property Awards Asia Pacific 2012, in association with HSBC, and was named the number one real estate advisory firm in Asia Pacific in the Euromoney Real Estate Awards 2012.  , www.
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