Jones Lang LaSalle’s pre-tax profits fall 40% to €1.75m

PRE-tax profits at property firm Jones Lang LaSalle decreased by 40% last year to €1.75 million.

Filings with the Companies Registration Office confirm Jones Lang LaSalle revenues to the end of December last year dropped by 30%, from €14.6m to €10.1m. In the space of three years, the company’s revenues have halved from the €20.4m recorded in 2007.

The Dublin-based firm is one of five firms appointed by NAMA to advise on property valuations on a national basis and former chairman John Mulcahy has been appointed head of portfolio management at the agency.