Jones Lang LaSalle Incorporated (NYSE:JLL) Q1 2024 Earnings Call Transcript

The owner of a building is changing and the new owner is implementing building engines. And so with the Transactional markets, relatively muted, that has an impact on building engines, but on the other hand, we have brought that product now into Asia, very successful implementation in Australia. And so medium to longer term, we are very bullish that the closed numbers will come back again to the levels where we expect them to be.

Anthony Palone : Okay. Thanks for the color.

Operator: That concludes our Q&A session. I will now turn the conference back over to Christian Ulbrich for closing remarks.

Christian Ulbrich : Thank you. With no further questions, we will close today’s call. On behalf of the entire JLL team, we thank you all for participating on the call today. Karen and I look forward to speaking with you again following the second quarter.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you all for joining. You may now disconnect.