Jones Lang LaSalle

Our mission is to deliver exceptional strategic, fully integrated services for real estate owners, occupiers and investors worldwide. The London business moves from Paternoster Row to King Street and eventually becomes known as Frederick Jones and Co. Jones Lang and Co. merges with Wootton and Son to form Jones Lang Wooton. LaSalle Partners and Jones Lang Wootton merge, creating Jones Lang LaSalle Incorporated. Jones Lang LaSalle Incorporated (JLL) is a global real estate services and investment management company with offices in 32 countries spread across five continents. JLL assists institutions, corporations, and wealthy investors in buying, selling, and managing real estate assets. Services provided by the company include investment banking, real estate finance, and corporate finance, as well as property development, property management, project management, and tenant representation. The company has more than $23 billion of public and private assets under management. The enterprise that became known as Jones Lang Wootton began operating in 1783. That year, Richard Winstanley established himself as an auctioneer in London's Paternoster Row, where the business would remain for more than 70 years. Richard Winstanley's son, James, joined the Paternoster Row business in 1806, working as an auctioneer alongside his father. James Winstanley eventually inherited full control over the business, operating it as a sole proprietor until he formed a partnership with James Jones in 1840. Together, the pair presided over the company until Jones gained sole control over the company. In 1860, he moved the company to King Street, home to the business for more than a century. Like the Winstanleys, Jones's son, Frederick Jones, joined his father in business, renaming the company Frederick Jones and Co. after his father's retirement. Further replicating the evolution of the Winstanley era, Frederick Jones struck up a partnership after his father's departure. When Frederick Jones retired in 1872, his partner, C.A. Lang, became sole proprietor of the business, renaming it Jones Lang and Co. C.A. Lang's son inherited control of the company before passing it on to his son. Three generations of stewardship by the Lang family carried the company into the modern era. Jones Lang Wootton's participation in post-World War II development and reconstruction delivered powerful growth, providing the financial means and the confidence to expand internationally. The company established its first major overseas presence in Australia. In 1957, a British expatriate residing in Australia, Ronald Collier, approached Jones Lang Wootton officers in London, seeking their support. Although there was no investment market in Australia, company officials foresaw significant potential in the country. In 1958, the company established offices in Sydney and Melbourne, embarking on its involvement in buying, selling, and in the investment management of real estate assets. By the mid-1960s, the company's presence in Australia had become entrenched, developing into an operation consisting of nearly two dozen partners and a staff of 300. Jones Lang Wootton's success in Australia served as a springboard for expansion throughout the Pacific Rim. Offices were established in New Zealand, Singapore, Kuala Lumpur, Hong Kong, and Tokyo. As the company fleshed out its presence in the Southeast Asia and Pacific regions, it also broadened the scope of its operations closer to home. Jones Lang Wootton expanded into Scotland in 1962 and into Ireland in 1965, followed by a push into continental Europe. An office was opened in Brussels in 1965, paving the way for expansion into Holland, France, and Germany. Mindful of opportunities to the east, the company opened offices in Budapest, Prague, and Warsaw. As Jones Lang Wootton was orchestrating its European expansion, LaSalle Partners was beginning its corporate life. The company was founded in 1968 as IDC Real Estate, a small El Paso, T