Jones Lang LaSalle launches new business line in the Middle East
- United Arab Emirates: Wednesday, February 20 - 2013 at 12:19
- PRESS RELEASE
Jones Lang LaSalle, the world's real estate investment and advisory firm, today announced the launch of a new business line named 'London Residential Sales', within Jones Lang LaSalle's MENA Capital Markets Group.
Jones Lang LaSalle also confirms the appointment of Wahi Mohsen as Head of London Residential Sales. With over 13 years of experience in the residential real estate sector across the UAE and UK, Wahi has previously handled sales for prestigious projects such as World Trade Centre Residence and Palm Jumeirah's Tiara and Oceana developments. He has an engineering degree from UK's Kingston University and is fluent in both Arabic and English. Whilst working closely with Jones Lang LaSalle's London team, Wahi will be based in the Dubai Office, reporting jointly to CEO Alan Robertson and Capital Markets Head, Gaurav Shivpuri in the MENA region.
Alan Robertson, CEO of Jones Lang LaSalle MENA, said: "There is an increasing trend of investment from the Middle East into the London residential market. With its reputation as a safe haven for investors, London offers a stable, secure and transparent choice which is attractive to many regional investors. This was a clear business opportunity which led us to establish a dedicated department for the benefit of clients across the region. Jones Lang LaSalle is now the most active selling agent for new residential properties in central London. Middle East investors are an important target market as we are currently marketing around 50 projects, with a collective value of around AED 900 billion."
He added: "We are delighted to welcome a highly experienced professional like Wahi Mohsen into our MENA team. Alongside Ben Stroud and Peter Murray in our London team, he will work towards improving the wider firm's capability to offer Middle East investors the best access to the London residential property market".
Wahi Mohsen, Head of London Residential Sales said: "I am thrilled to join Jones Lang LaSalle and look forward to working with my new colleagues. The Middle East is a very important market for London properties and we are keen to further develop our cross-border businesses. With our global network, regional knowledge and market expertise, we will offer the best solutions for investors across the region."
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