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News Release

Munich, London

Jones Lang LaSalle launch bespoke renewable energy property portfolio analysis tool

LaSalle Investment Management puts forward 489 properties for analysis


EXPO Germany, London, 4 October 2011 - A new assessment tool that helps global property managers understand at a glance their properties’ investment potential for renewable energy technology has been co-developed by Jones Lang LaSalle and low carbon consultancy Encraft.
The tool, called RESPRO, will enable Jones Lang to advise clients at the touch of a button on the potential impact on their property portfolio from installing renewable energy solutions at their sites.
 
LaSalle Investment Management, a renewable energy solutions client of Jones Lang LaSalle, will benefit from this service with Jones Lang LaSalle undertaking an initial renewable energy assessment across a mixed portfolio of 489 UK office, leisure, retail and industrial properties.
 
The initial assessment will enable Jones Lang LaSalle sustainability experts to review the technical viability and financial suitability for different renewable energy projects at each site and then advise on the delivery and implementation of selected projects. These projects include potential wind, biomass, solar photo-voltaic, solar thermal, hydroelectric, ground source heat pump, and CHP (combined heat and power) solutions.
 
James Smith, Associate Director at LaSalle Investment Management said: “Energy efficient solutions are a key part of our long-term commitment to continuously improve the impact our buildings have on the environment along with enhancing our investment performance. We look forward to seeing the results of the Jones Lang LaSalle analysis, sharing these with our clients and implementing viable alternative energy solutions.”
 
Erin Karsten, Head of Business Development, EMEA Renewable Energy Solutions at Jones Lang LaSalle, said: “We are very excited to be working with LaSalle Investment Management for their UK properties. This new tool will allow us to quickly and easily advise on and deliver a range of opportunities and technologies to help LIM bring renewable energy to their sites and meet their sustainability goals.”
 
Lee Siddons, Head of Renewable Energy Solutions, EMEA at Jones Lang LaSalle who developed the tool in conjunction with software provider Encraft, said: “Occupier, investor and developer clients are eager to understand what renewable energy solutions might be appropriate for their property portfolios. Our new RESPRO tool will help property managers assess quickly and easily the unique potential of each site across dispersed geographies. This will prioritise limited resources and help focus on delivering the best opportunities. We expect there to be strong demand particularly across corporate and industrial clients who want to assess which sites will generate maximum efficiencies.”
 
Dr Sarah Price, Consultant, Encraft Ltd, said: “The Jones Lang LaSalle RESPRO tool is unique because it benchmarks renewable energy opportunities across multiple properties. Our experience of building user-friendly models that add true value makes it easy for busy people to assess these opportunities and generate viable business plans for renewable and micro-generation developments.”
 
Matthew Rhodes, Managing Director, Encraft Ltd, said: “New feed-in-tariff and renewable incentive schemes across Europe now make renewables and energy efficiency projects serious investment propositions for many property owners. There’s a huge misconception that the aim of investing in renewable energy is to ‘save the planet’ but in financial terms with these new incentive schemes, it’s one of the safest investments around.”
 
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Notes to editors

The RESPRO tool is an industry first and uses readily available property data including roof space, building size, heating demand and proximity to river locations to calculate potential financial, energy and carbon dioxide savings from installing different technologies.
The tool covers solar photo-voltaic and thermal, wind, biomass, geothermal and small scale hydro solutions. Clients receive reports that assess key criteria, including:
• Carbon dioxide, nitrous oxide and SOX emission reduction potential
• Electrical kWh savings opportunities
• Budget saving and revenue generation forecasts
 
About Encraft Ltd
Encraft is a microgeneration consultancy specialising in low carbon analysis, design and project development. Encraft was established in 2003 and has been involved in developing a number of major investment projects involving microrenewables on buildings, including the £760 million Birmingham Energy Savers Project. For more information about RESPRO, images or interviews please contact Joanna Lean on 0161 212 1751. Visit www.encraft.co.uk to find out more about Encraft.
 
About LaSalle Investment Management

LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $43 billion of assets under management of private and public property equity investments. LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and our clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe.  For more information, visit www.lasalle.com