JLL grabs 20% stake in PropNex International

It will give PropNex greater access to local and overseas projects.

PropNex Realty, the flagship subsidiary of P&N Holdings, today revealed that it has entered into a partnership with international property consultancy JLL. Under this partnership, JLL has acquired 20 per cent of PropNex International, another subsidiary of P&N Holdings and the project marketing arm of PropNex Realty.

PropNex International was formed in 2007 and has grown to dominate the Singapore new private home sales, currently marketing 40 local and International new projects in the luxury, mass market and executive condominium segments. PropNex Realty will remain 100 per cent owned by P&N Holdings.

“With this new partnership, PropNex salespersons will have greater opportunities with more local and overseas projects. They can also expect to market JLL’s clients seeking to lease their properties or investing in the commercial sector with the sale of strata-titled offices, industrial and retail units,” PropNex stated in a press release.