JLL has named Mouhammad Takieddin as the new Regional Head and CEO for the Middle East and Africa. Based in Riyadh, Takieddin brings 25 years of experience from Procter & Gamble to lead JLL’s expansion into high-growth sectors including data centres and AI-driven facilities management. This strategic move strengthens the firm's leadership alongside existing regional heads while deepening its established ties with Saudi Arabia's Public Investment Fund.
JLL has successfully negotiated a refinancing deal for the historic Candler Hotel in Atlanta. The 265-room property, situated in the city’s central business district, is a former office tower built by Coca-Cola mogul Asa Griggs Candler. Now a luxury boutique hotel under Hilton's Curio Collection, the site is famous for its Beaux-Arts architecture and award-winning dining. The financing, provided by Peachtree Group, highlights a positive outlook for Atlanta’s hospitality market.
Global real estate firm JLL has agreed to acquire a significant stake in the Saudi Facility Management Company (FMTECH), a firm established by the Public Investment Fund (PIF) in 2023. The PIF will remain the majority shareholder. This strategic transaction aims to enhance the facilities management sector in Saudi Arabia by combining the PIF's market scale with JLL's advanced operational and technological expertise, specifically JLL’s digital facility management platforms.
LBA Logistics has acquired Core45 Building 1, a newly constructed 616,068-square-foot Class AA industrial facility in the South Dallas market. The sale was managed by JLL Capital Markets, which represented the seller, an affiliate of Grandview Partners. Completed in 2023, the property is 48 per cent leased to investment-grade tenant Owens Corning.
JLL has named Amanda Brimmer as CFO, Leasing Advisory and Head of Corporate Development. Reporting to CFO Kelly Howe, she will lead global financial growth strategies and oversee corporate development initiatives.
Domicil Real Estate AG and its principal shareholder, Baywobau, have secured a major residential complex in Berlin's Treptow-Köpenick district through an asset deal. The property, located in Altglienicke, features 18 buildings with 143 residential units and is set for immediate individual sale. The complex, built in 1996, had recently undergone significant refurbishment including roof, facade, and window replacement work. The transaction's advisors included JLL as broker, Osborne Clarke providing legal counsel to Domicil, and BCLP advising the seller.
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