Property firm Jones Lang Lasalle sees two thirds drop in profits

Gordon Deegan - The Irish Times - 31/10
Advisory noted 2023 as a tough year for office leasing, capital markets and private rentals due to inflation and high interest rates

Pretax profits at property advisory firm Jones Lang Lasalle last year slumped by 66 per cent to €2.36 million.

New accounts show revenues declined by 23 per cent from €23.62 million to €18.22 million.

In response, the directors’ took a reduction in pay for 2023 during which aggregate salaries dropped by €1.73 million or 61 per cent, from €2.82 million to €1.09 million.

Chief executive of JLL Ireland, John Moran, pointed to its published market reports which noted 2023 as a tough year for office leasing, capital ...
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