Services to be centralised in Singapore
US-listed real estate giant JLL is winding down its debt advisory operations in Australia and New Zealand, with services to be centralised out of Singapore, according to a report in AFR’s Street Talk.
An internal email from JLL’s New Zealand advisory head Mark Farrands and senior analyst Marcia Marshall confirmed their departures and stated the group would no longer offer local debt advisory services.
According to the AFR report, the email said the service would now be provided from Singapore.
JLL Australia debt and structured finance director Josh Erez has also exited, after previously working on the refinancing of Blackstone’s 85 Castlereagh Street asset in Sydney.
A seemingly contradictory statement from JLL said: “Our Debt Advisory coverage for Australia and New Zealand has not changed. Our regional platform based in Singapore has and will continue to play a major role in servicing our clients, complemented by our on-the-ground Capital Markets teams in Australia and New Zealand.”
Through its Capital Markets division, JLL offers advisory services related to the acquisition, disposition, and financing of real estate assets. This includes debt advisory, where the firm connects clients with financing solutions such as construction loans, fixed-rate debt, bridging finance, and acquisition facilities.
