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ALC Health launches new Travel Insurance plan for EU residents

International medical insurance provider ALC Health has launched a newglobal travel insurance plandesigned exclusively for EU (European Union) residentsregardless of nationality. read more

HSBC Poland Manufacturing PMI®

Domestic demand driving Polish manufacturing expansion in August. HSBC PMI® survey data for August, compiled by Markit, signalled an ongoing strengthening business climate in Poland’s manufacturing sector. read more

The combined business of King Sturge and Jones Lang LaSalle

Please be informed that the full Polish purchase by Jones Lang LaSalle of King Sturge was legally ratified on 1 August 2011. The combined business now trades as Jones Lang LaSalle Sp. z o.o. and employs over 150 staff.

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ALC Health launches new Travel Insurance plan for EU residents

International medical insurance provider ALC Health has launched a newglobal travel insurance plandesigned exclusively for EU (European Union) residentsregardless of nationality.

Offering a choice of two core plans, each offers an extensive range of cover benefits including medical expenses, missed connections, trip cancellations, personal belongings and legal expenses, with the option to add golf and winter sports packages.

With a choice of either single (up to 100 days) or multi-trip plans and where policyholders may choose from three geographical areas to suits their travel plans, each plan includes as standard travel cover between any two homes in Europe, providing a useful additional benefit for those who have a holiday home.

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HSBC Poland Manufacturing PMI®

HSBC PMI Poland Report

Domestic demand driving Polish manufacturing expansion in August. HSBC PMI® survey data for August, compiled by Markit, signalled an ongoing strengthening business climate in Poland’s manufacturing sector. Output growth slowed for the third time in four months, however, primarily reflecting a third successive monthly decline in new export orders as the domestic market continued to underpin expansion.

The headline HSBC Poland Manufacturing PMI is a composite single-figure indicator of manufacturing performance, tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of purchases. The PMI resumed a downward course in August, but remained above the no-change mark of 50.0. The latest figure of 51.8, down from July’s three-month high of 52.9, was the second-weakest since January 2010 but greater than the long-run average of 50.0.

New business growth was maintained for the second month running in August, at a rate little-changed from that seen in July. Data indicated that the domestic market had underpinned expansion, as new export business declined for the third month running despite a weakening of the zloty during the month.

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The combined business of King Sturge and Jones Lang LaSalle

Please be informed that the full Polish purchase by Jones Lang LaSalle of King Sturge was legally ratified on 1 August 2011. The combined business now trades as Jones Lang LaSalle Sp. z o.o. and employs over 150 staff.

The former Jones Lang LaSalle office at Saski Crescent on ul. Królewska 16 in Warsaw becomes the headquarters of the enlarged entity, whilst the previous King Sturge office at Deloitte House on Jana Pawła II 19 is now occupied by Jones Lang LaSalle’s international Lease Administration business employing over 70 staff.

We are also pleased to confirm that following the acquisition, Jones Lang LaSalle has an enhanced Property Management department in Poland led by Iwona Laszkiewicz. The team includes 52 professionals and has now over 50 properties (600.000 sq.m.) across all asset classes under management, providing services to 21 clients in Poland.

Additionally the purchase created an opportunity to launch a new service line – Asset & Financial Management. A business of 6 people led by Jason Sharman will work with landlords, developers, banks and the public sector in increasing the performance of assets and property portfolios.

Following the take-over, the overall staffing at the core business of Jones Lang LaSalle grew from 100 to around 150 people.

Commenting on the new company structure, John Duckworth, Jones Lang LaSalle’s Managing Director in Poland & CEE/SEE said: “The 1st of August 2011 marks the beginning of a new chapter in the firm’s history in Poland. The physical integration of offices and migration of staff is now complete, and Jones Lang LaSalle is now better positioned to respond to our client needs.”