• info@panganirealestate.com


JLL forms association with Pangani Group to enter Tanzanian real estate market

JOHANNESBURG, 25 May 2015 – JLL has today announced it has formed an association with Pangani Real Estate Services Limited to provide commercial property services across the high-growth Tanzanian market.

The two firms will collaborate and provide services to the growing number of multinational corporates expanding into, or already operating in, the Tanzanian market. JLL’s global experience combined with Pangani’s local knowledge and presence culminates in a compelling client service proposition, which will enable JLL to reinforce its commitment to, and growing activity across, Africa.

 Mark Bradford, Chairman Sub-Saharan Africa JLL said, “JLL has embarked on an ambitious commitment to sub- Saharan Africa. It is our objective to deliver in-country capability to clients in 19 new African markets by 2017. This association with Pangani will serve as a springboard for JLL into the Tanzanian market. JLL’s Tanzanian activity via the Pangani association will be managed from our regional East African hub in Nairobi, Kenya.”

Heri Bomani, Founder and Managing Director of Pangani Group confirms: “We are truly excited about the association with JLL which brings international client transactions and leading global property services and advisory solutions, whilst leveraging our deep network and market knowledge of Tanzania. The association is a win for both parties but, more importantly, for local and international corporate clients seeking to transact in Tanzania and East Africa”

Together, Pangani and JLL will be working to deliver commercial and industrial real estate services in the fields of Capital Markets, Hotels & Hospitality, Corporate Solutions, Valuations, Facilities Management and Research to Tanzania.

About Pangani Real Estate Services

Pangani Real Estate Services is a subsidiary of the Pangani Group, a leading East Africa private sector business with highly diversified interests in property development and services, financial services, and other investments. Through a disciplined sectoral and execution strategy, the Group aims to become a “Road to Market” for investors, partners and talent looking to access East Africa’s growth and opportunities. Pangani Real Estate Services, was established in 2013 with the aim of bringing world class property services and solutions to Tanzania and the East African Market. The company serves corporate entities from both the public and private sector with a particular focus on commercial, retail and residential agency services. For further information, visit www.panganirealestate.com

About JLL

JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated and an NYSE listed entity and fortune 500 company. For further information, visit www.jll.com

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