Revenues at JLL topped $8.5bn (£6.1bn) during the first half of 2021, up by 6% on the same period last year.
The agent said that its leasing and capital markets divisions had “strongly rebounded” after a quiet year in 2020.
Over the six-month period, JLL’s leasing revenues increased by 22% to just over $1bn, with revenues from capital markets up by 34% from $557.1m to $768.8m.
“JLL delivered an exceptional second quarter led by strong recovery in our transaction-based businesses,” said chief executive Christian Ulbrich (pictured). “Continued investments in our platform, people and technology, coupled with financial discipline and strong operational executive, have been instrumental to our success.”
As a result of the performance, Ulbrich said the firm was adjusting its operational profit margin from 16% to 19%.
The EMEA business performed less strongly, with revenues up by only 1% to $1.5bn. Leasing and capital markets also rebounded strongly in EMEA up by 20% and 30% respectively to $120.6m and $162.9m.
JLL said that the growth in capital markets in EMEA was driven by a stronger market sentiment and a high volume of deals, particularly in geographies with high Covid vaccination rates. The UK led the way, followed by France and Spain.
To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews
