In Europe, the Middle East and Africa, fourth quarter revenue climbed 21% to $327 million while transactions revenue rose 18% to and, management services grew 26%.

England, Germany and Russia led regional revenue growth. For 2007, England, the firm’s largest European market, revenue rose 21%; Germany gained 53% while Russia doubled.

For the fourth quarter, revenue growth in England and Germany was flat year over year, with both countries negatively impacted by lower volumes in capital markets transactions.

In Russia, revenue rose 78% while the Netherlands and Central and Eastern Europe revenue gained 90% and 61% respectively.

Agency Leasing posted a growth of 40%, as advisory service revenue climbed 47%. Capital markets revenue fell 12%. Jones Lang LaSalle said it finalised seven acquisitions within EMEA in 2007 while a firming pound and euro helped the U.S dollar revenue growth.

Operating income for 2007 rose more than 100% to $91.4 million from $44.0 million in 2006, while increasing 58% to $47.3 million in the quarter..

Revenue for the Asia Pacific region rose 37% to $170 million in the quarter, and was up 79% at $602 million in 2007. Transactions services revenue rose 40%, as management services revenue gained 34%.

The strongest revenue contributions were from the region’s largest market, Australia, and from the growth markets of India and Japan, as well as the core market in Singapore.

Revenue in Australia grew 43% for the year and 51% for the quarter. Japan and Singapore also made significant revenue growth contributions, with revenue nearly doubling in each market for the full year, compared with 2006.

LaSalle Investment Management’s fourth quarter revenue gained 35% to $115 million and was down 4% to $371 million in 2007.

The division raised over $10.1 billion of equity during 2007, as it launched five new private equity funds and secured 16 global securities mandates. Investments made on behalf of clients during 2007 were $8.4 billion worldwide. Assets under management grew to $49.7 billion from $40.6 billion, up 22%

Share Price Review

Jones Lang LaSalle shares fell $0.45 or 0.56% to $80.07 in after hours trading Friday. Over the past 52 weeks, the stock has traded in the range $56.68 to $124.99. Analysts say the share is now targeting a one-year price of $113.67.

They also expect earnings in the current quarter of 65 cents per share on revenues of $497.13 million.