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News release

Toronto

JLL Offers Canada’s First Commercial Real Estate Firm Investment Banking Practice

Derek Dermott joins firm to expand existing Capital Markets offerings with new platform


​TORONTO, Dec. 2, 2015 – Canada's growing demand for global capital markets expertise has led JLL to add investment banking to its wide array of real estate services. JLL announced today that Derek Dermott, an investment banking veteran, has joined the firm as Executive Vice President to lead its Canada investment banking platform, the first such practice offered by a commercial real estate firm in the country.

"As we've grown JLL's platform in Canada, we've always listened to the needs of the marketplace," said Brett Miller, President of JLL Canada. "When you look at the services that JLL offers as a commercial real estate firm, investment banking expertise is the logical addition. Although it has not been done in Canada, we feel that the synergies that result from the wide array of other services we provide will result in a competitive advantage and more comprehensive solutions for our clients. Derek's unique experience in real estate investment banking transactions is exactly what we are looking for to offer a complete package of capital solutions and services. His successful track record will provide an immediate and valuable impact for our clients."

Following a proven model that has been implemented in many of JLL's other jurisdictions – namely Europe and Asia – the practice will offer real estate clients a broad range of financial services, including mergers and acquisitions advisory, corporate finance and structured transactions for all property types.

Dermott brings 21 years of real estate experience to the firm, joining JLL from Agellan Commercial REIT where he served as president. Prior to that, he served as managing director in the BMO Capital Markets Real Estate Group where he was responsible for the origination and execution of public and private capital for real estate clients and advised on numerous public market transactions, including initial public offerings, follow-on offerings, secured and unsecured debt placements and identifying merger and acquisition opportunities.

Dermott has experience in structuring and originating joint ventures and funds by accessing his strong relationships with private capital sources, including pension funds, institutions and private equity firms.

"There's a unique perspective and value coming from the client side, and it's truly made me a better and more thoughtful investment banker," said Dermott. "I have first-hand experience of the challenges clients are facing on a day-to-day basis, and I know what has been missing from the advisory side. JLL has an international breadth and an expertise in real estate market dynamics that has not yet been available in Canada. With this new platform, we will give clients a bottom-up approach to investment banking."

The addition of Dermott and the launch of the investment banking platform are just two of JLL Canada's recent additions to its Capital Markets business line, and just one aspect of the firm's overall growth in the past 36 months. JLL's Capital Markets platform has also added Executive Vice President of Canadian Capital Markets, Matt Picken and Senior Vice President, Bryce Gibson to their Large Asset and Portfolio Sales team. Additionally, JLL has added Elliot Medoff, Vice President, to focus on its Mid-Market Investment team specializing on smaller assets.

For more capital markets news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world. For more news, videos and research resources on JLL, please visit the firm's Canada media web page.

JLL is Canada's fastest growing commercial real estate firm. JLL has two offices in Toronto, with the headquarters located downtown. The firm also operates in, Mississauga, Montréal, Ottawa, Vancouver, Calgary and Edmonton. JLL manages more than 50 million square feet of facilities across Canada. The firm offers tenant and landlord representation, project and development services, investment sales, occupier strategies and solutions, advisory and appraisal services, debt capital markets and integrated facilities management services to owners and tenants in Canada.


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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.