JLL 2014 in Review

JLL knows cities


More than half the world’s population lives in urban areas today, and that number is projected to grow to two-thirds by 2050. In this era of unstoppable urbanization, cities need to grow, compete, connect and differentiate themselves to maintain and improve their position in an ever changing and aggressively competitive hierarchy.

At the same time, clients who invest in and occupy commercial real estate opportunities in cities profit from this competition when they make good decisions.

We understand the link between successful business and successful cities. Our contribution to city futures ranges from sourcing and moving capital and expertise to cities across the world, to the design and fit out of individual floors in office buildings; from the creation of sustainable city master plans to the introduction of major corporates and investors to new cities.

Here are a few examples of JLL’s recent work in cities around the world.


Innovation Neighborhood

Helping Drexel University create a 5-million square foot innovation district in Philadelphia

As the centerpiece of its strategic focus, Drexel University plans to bring together education, research and corporate partners to form the nucleus of the Innovation Neighborhood, a five-million square foot innovation district to be developed in Philadelphia’s University City. The university selected JLL to advise in the selection of a master developer for the project.

The goal of Innovation Neighborhood is to have Philadelphia take its place alongside Cambridge and Silicon Valley as a world-class technology and innovation hub.

Technology partnerships, corporations, interdisciplinary academic research programs and business incubators will share a mixed-use environment that includes office, hotel and conference center, classrooms, retail, residential and cultural destinations. Two assets make the project possible: the maturation of Drexel’s applied research enterprise and the university’s collection of urban properties, which are unmatched in the U.S. for location and potential.

Grand Paris

Grand Paris

Promoting an urban, social and economic development project in the heart of greater Paris

The government-led Grand Paris project is a massive and ambitious multi-year effort designed to maintain and extend the greater Paris region’s position as a leading international city.

Launched in 2010, the long-range project is scheduled to run to 2030. It revolves around the creation of a public transport network to link different economic centers and support new development. Grand Paris envisions the development of office, retail, light industrial and residential property, along with public facilities and green space.

To educate our clients about the project and introduce them to its implications and opportunities for commercial real estate investors, JLL has created a series of comprehensive research reports. The first, “Grand Paris and commercial real estate: future trends,” focuses on three major development projects associated with the plan.


Liberty Place

Transforming the southern edge of Sydney’s central business district

Developed as a joint venture between LaSalle Investment Management’s Asia Opportunity Fund III and Grocon, an Australian developer and builder, Liberty Place took an underutilized site at the southern edge of Sydney’s central business district and developed an award-winning building. The first major commercial tower to be developed in the city following the global financial crisis, the building has been pivotal in the ongoing transformation of this section of Sydney. Its awards include the top Office Award at the World Architecture Festival.

Liberty Place was designed to the highest standards of environmental sustainability, earning a 6 Green Star (World Leadership) rating.

LaSalle Investment Management was a partner in the development, and JLL is the building’s Property Manager. We also advised on the subsequent sale of LaSalle’s share in the building.

Liberty Place
Grand Paris


Creating a cultural and entertainment destination in Shanghai

Successful cities do not shut down at the end of the workday. In addition to being business and financial hubs, they feature the cultural, entertainment and leisure attractions that attract talented people for work and tourists for recreation.

DreamCenter will bring an integrated cultural & lifestyle precinct to the Xuhui district of Shanghai. A joint venture between Hong Kong Lan Kwai Fong Group, DreamWorks Animation and Shanghai China Media Capital, DreamCenter consists of 12 unique art, cultural and entertainment venues.

Key features include multiple live performances theatres, music halls and black box theatres; the headquarters of Oriental DreamWorks; an IMAX Cineplex; and the Lan Kwai Fong Entertainment and Lifestyle District which consists of international quality restaurant and bars, lifestyle retail and year-round themed events and parties.

Teams of JLL Leasing, Consulting, Retail, and Property and Asset Management professionals have advised on various aspects of the ambitious DreamCenter project.


JLL cities
research center

Our new online site allows users to compare and contrast the real estate prospects of the top 300 cities around the world. Learn more


To download the full annual report, click here.