The benefits of synergy are obvious

The JLL Property Management team in Poland has developed a very strong market position including being involved in flagship office towers in Warsaw such as Rondo I and Warsaw Spire. We are very much proud of these results. The company now plans to focus on different areas, especially on developing digital services in the key fields of leasing, investment and valuation advisory. Taking this into consideration, the MVGM transaction and this new strategic partnership presents numerous business development opportunities and potential synergies. Most of all, we will continue to offer a full range of real estate services to our clients, and identify new business opportunities by working closely with a partner whose core focus has always been and will continue to be property management. We will refer any PM opportunities in Continental Europe to MVGM, and they will refer all other real estate opportunities across Europe to us. At this moment, we are focused on making the transfer of the property management business as smooth as possible. The PM team that is to join MVGM, and our clients are of the utmost importance to us. This transaction gives the PM team numerous development opportunities because property management is the core business of MVGM. The team will also have access to specialised advanced knowledge, tools and solutions. In addition, clients will benefit from this strategic partnership's competitive edge. I am more than certain that the Property Management team led by Virginie de Baere will continue to develop as rapidly as it has and maybe even more so. I am happy that we will continue to work togetheron numerous real estate initiatives in Poland, as numerous JLL projects combine various services such as leasing with property management. This is why we strongly believe that this strategic partnership is a great step forward for both the teams and clients.