40 Million Square Feet of mixed-use and Commercial Development Proposed for London Thames Gateway By 2016

Thames Gateway Forum, London 30th November 2007 - A new report estimates that by 2016, commercial property development in London Thames Gateway could reach 5.4m sq ft of office space, 4.3m sq ft of industrial space and 2.15m sq ft of retail space with the addition of 30,000 new homes.  This latest Jones Lang LaSalle report commissioned by London Thames Gateway Development Corporation highlights the investment potential in the UK's most significant regeneration location.

Andrew Gould, Head of the East London Business Team at Jones Lang LaSalle comments on this latest report:  "This is a long-overdue guide for investors, developers and occupiers wanting to know what the opportunities are in London Thames Gateway and how to access them.  The opportunities for occupiers and investors are now very real and we would not have concluded that even two or three years ago.  It is one reason why we ourselves have opened a full service office in the area, our third largest worldwide. The scale of opportunity is huge most people know that. More importantly, London Thames Gateway is getting to grips with the "how."

Peter Andrews Chief Executive of LTGDC highlights the assets that Thames Gateway region boasts, "London is going through immense change and the Thames Gateway region is leading the way in the Capital's exciting regeneration projects.  On the fringes of the City of London, we have the economic powerhouses of Canary Wharf and Stratford City, the London City Airport, and a new entertainment centre at the O2, formerly the Dome. The Olympic Park, home to the 2012 Olympic & Paralympic Games is well underway, the Channel Tunnel Rail Link is now open and Crossrail is now confirmed for 2017, collectively making the Thames Gateway one of the most attractive investment locations in the world today."

The 'London' Thames Gateway is the western end of the broader Thames Gateway region and covers the London boroughs. The focus of the report is on the 'remit area' of London Thames Gateway Development Corporation which has responsibility for Lower Lea Valley (a north/south expanse stretching from Hackey Wick to near Canary Wharf but excluding Stratford City and the Olympic area); and London Riverside an area running east west from Beckton to Rainham including Barking Town centre, South Dagenham and Rainham Village.

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Notes to Editors

The report commissioned by the London Thames Gateway Development Corporation (LTGDC) and titled, "London Thames Gateway: Revealing the Investment Potential" provides investors, developers and occupiers with a complete picture of the 'London' Thames Gateway market and outlines the potential for investment and the likely future returns.  Additionally, with an in-depth look into the plans for London's housing market, the impact of the 2012 Olympics, transportation expansion, pipeline development and further opportunities the report presents itself as 'the essential guide' to future property investment in East London.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE: JLL), the only real estate money management and services firm named to FORTUNE magazine's "100 Best Companies to Work For" and Forbes magazine's "400 Best Big Companies," has approximately 160 offices worldwide and operates in more than 450 cities in over 50 countries.  With 2006 revenue of more than $2.0 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide. In 2006, the firm completed capital markets sales and acquisitions, debt financing, and equity placements on assets and portfolios valued at $70.9 billion. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with approximately $46.9 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.