Procon, Jones Lang cut ties

JAKARTA (JP): PT Procon Indah and Jones Lang LaSalle have agreed to separate their operations in Indonesia at the conclusion of their Technical Services Agreement, which expires on June 30.

The two companies said in a joint statement issued on Tuesday that they would continue their 20-year history of operations in the country independently.

"Procon Indah will continue its operations in the property sector, while Jones Lang LaSalle will provide services primarily focused on regional and global clients through its wholly owned entity PT Jones Lang La Salle," the statement said.

In the interests of our clients, existing customers will be divided according to services provided by each company, the statement said.

Both companies will also be undertaking further recruitment to meet the needs of the new business initiatives, it said. (03)