MENA, 20 January 2015 - JLL, the world's leading real estate investment and advisory firm, today announced that it has advised the seller, Almutlaq Real Estate Investment Company "AREIC", through its franchise Zyadah International for Marketing Services, on the successful disposition of a prime residential compound located in Riyadh, Kingdom of Saudi Arabia.

The compound consists of fully furnished three-bedroom, two-storey villas located off Makkah Road in the district of Rabwah in Downtown Riyadh. The asset was sold for just less than SAR 200 million and attracted multiple bids from across the GCC.

The buyer is a private Saudi real estate investor.

Gaurav Shivpuri, Head of Capital Markets for JLL MENA, said: "The seller appointed JLL to run an efficient, transparent, and competitive sale process to maximize value. The marketing process led to the receipt of bids from private investors, fund managers, and institutional investors from five GCC countries, highlighting regional interest for quality assets in the Kingdom.

Jamil Ghaznawi, Head of JLL in Saudi Arabia, added: "This transaction highlights the requirement for professional real estate transaction management services for such high quality real estate assets. JLL, with our strong presence in Riyadh and Jeddah and ability to access investors across the region, will continue to play an active role in supporting and advising clients for such real estate investments."

Contact:
Gaurav Shivpuri/ Kathryn Athreya
Phone:+971 4 426 6999
Email:Gaurav.shivpuri@eu.jll.com/ kathryn.athreya@eu.jll.com  

Erica Pettit / Vadia Rai
+971 4 4372105 / +971 4 4372110
erica.pettit@fticonsulting.com /vadia.rai@fticonsulting.com

About JLL
JLL (NYSE: 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 US$ 4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed US$ 99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has US$ 48.0 billion of real estate assets under management.

About JLL MENA
Across the Middle East, North and Sub-Saharan Africa, JLL is a leading player in the real estate market and hospitality services market. The firm has worked in 40 Middle Eastern and African countries and has advised clients on more than US$ 1 trillion worth of real estate, hospitality and infrastructure developments. JLL employs over 130 internationally qualified real estate and hospitality professionals of 30 nationalities with regional offices in Dubai, Abu Dhabi, Riyadh, Jeddah and Cairo. Combined with the neighbouring offices in Casablanca, Istanbul and Johannesburg, the firm employs more than 300 professionals and provides comprehensive services in the wider Middle East and African (MEA) region.

Emaar Square Bldg 1 Office 403 Sheikh Zayed Road │ PO Box 214029 Dubai UAE tel +971 4 426 6999  fax +971 4 365 3260

www.jll-mena.com

© Press Release 2015