Jones Lang LaSalle pre-tax profits decline 31% to €1.2m

PRE-TAX profits at one of the country’s best known property firms Jones Lang LaSalle decreased by 31% last year to €1.2 million.

The filings confirm that Jones Lang LaSalle Ltd’s annual revenues to the end of December last year dropped by 9% from €10.1m to €9.2m — in four years they have more than 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 managing director of Jones Lang LaSalle, John Moran, said yesterday that the company’s work for NAMA “was relatively good for us in 2010”.