Jones Lang LaSalle sets up Mideast Retail Division

Jones Lang LaSalle MENA appoints new Head of Retail Unit

Jones Lang LaSalle, the world’s leading real estate investment and advisory firm, today announced the appointment of David Macadam as Head Retail Division, a newly created business unit in the MENA region.

David has over 28 years experience in the commercial, residential, mixed-use and retail real estate industry. He has completed projects valued at more than US$ 5 billion throughout the Middle East and Canada. As a GCC based senior executive for nearly six years, he has been responsible for leasing, mall design, merchandise mix and viability analysis of iconic retail projects including Dubai Festival City and Dubai Mall. David is a member of the Dubai Real Estate Regulatory Authority (RERA) and the Middle East Council of Shopping Centres (MECSC).

Commenting on his appointment, Blair Hagkull, Managing Director of Jones Lang LaSalle MENA said:“We are delighted to welcome David to the firm to lead our retail business in the MENA region. This newly established division will provide development advisory, leasing and management services to all retail clients throughout the region. We believe in the huge potential of retail and consider it as one of our major regional business initiatives for 2010.”

“With his invaluable experience and vast knowledge, David will certainly play a strategic leading role in the development and expansion of the newly created retail division.”

David Macadam, Head of Retail Division, Jones Lang LaSalle MENA added:“I am pleased to join the world’s leading real estate investment and advisory firm. It’s a great opportunity to work with such a highly regarded firm and an equally brilliant team. I look forward to building our regional retail business and taking it to the next level.”

In the last few years, Jones Lang LaSalle MENA has confirmed a number of senior appointments for its expanding Investment Transactions, Agency, Strategic Consulting, Hotels and Valuation businesses. Presently, the firm has four offices in the MENA region, with new offices being planned.

Jones Lang LaSalle is the pre-eminent investment advisor in the global real estate industry with 180 offices worldwide, operating in 60 countries globally and 25 countries in the MENA region working on projects worth US$ 200 billion and on transactions in excess of US$ 1.2 billion. In the MENA region, Jones Lang LaSalle employs over 110 internationally qualified real estate and hotels professionals of 29 nationalities.