“Clients will now be able to perform land transactions for commercial and residential developments, as well as joint ventures that involve land contribution with the support of JLL’s new department. The department will work closely with the Capital Markets department, providing one-stop advisory services for on-hold projects that require development or equity partners,” the company said in a statement.

Attila was head of Colliers’ land department for 7 years until 2009, when he started up a company in video media production.

“With an ethical professional as Attila Peli on board, who was responsible for many landmark transactions in this segment in the past, JLL will be able to offer the market institutional quality services initiating many future developments,“ said Gijs Klomp, Jones Lang LaSalle Romania managing director.

Klomp added that the company would provide development and land services to its clients, expecting an imminent recovery of the Romanian property market.