JLL increases revenue in Q1, while investment business declines
JLL increased its total global revenue during Q1 by 7 % compared to the previous year to $3.8bn. Fee revenue grew by 3 % to $1.3bn. The investment business fell far short of last year’s figure at -17 %, while the leasing business saw very dynamic development at +19 %. This trend was exceptionally strong in Germany: Total revenue increased by 9 %, but fee revenue dipped by 4 %; leasing recorded a plus of 50 %, while investments logged a minus of 31 %. Across Europe, fee revenue remained roughly at last year’s level, though here as well, business development was dampened by the capital markets sector, the quarterly report states. Reasons for the decline, JLL explains, are declining market volume and a strong previous year.
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