Jones Lang LaSalle Extends Global Strategic Real Estate Alliance with Procter & Gamble
World's largest consumer packaged goods company renews contract for strategic real estate and integrated facilities management services
CHICAGO, May 15, 2012 /PRNewswire/ -- Jones Lang LaSalle (NYSE: JLL) today announced that it is extending its global strategic alliance relationship with The Procter & Gamble Company (NYSE: PG) following Procter & Gamble's competitive selection process to select a commercial facilities service partner. The new five-year agreement encompasses integrated facility management, project development, construction management and strategic occupancy planning services for Procter & Gamble's (P&G) owned and leased corporate facilities portfolio. The P&G corporate portfolio includes several million square feet of offices and technical facilities in more than 60 countries on six continents including North America, South America, Europe, Africa, Asia and Australia.
"We are excited to continue our partnership with Jones Lang LaSalle," said Lydia Jacobs-Horton, Director, Global Facilities & Real Estate, Procter & Gamble. "We value the quality of their services, and appreciate their collaborative approach to our relationship. Jones Lang LaSalle is an industry leader that will continue to help us innovate, achieve efficiencies and meet our changing business needs globally."
Selection factors also included Jones Lang LaSalle's track record of strong delivery, its flexible global service model, and dedication to using facilities and real estate investments as a competitive advantage for P&G. Since the business relationship started in 2003, the two companies have together pioneered service delivery approaches and technology-supported platforms that consistently improve upon industry best practices, and that continuously increase real estate's contribution to the achievement of corporate goals and objectives.
"Our relationship works so well because both companies share a clear vision of enabling business performance through real estate. Both Procter & Gamble and Jones Lang LaSalle are committed to leveraging strategic real estate investments as a competitive advantage," said Tod Lickerman, CEO, Corporate Solutions, Jones Lang LaSalle. "Our partnership is a great example of how a global service model helps optimize real estate investments in the competition for global market share."
Joe Stolarski, Jones Lang LaSalle's Global Account Executive on the P&G account added, "Our focus is now on driving productivity and innovation at P&G through real estate portfolio optimization, total workplace design and advanced analytics. With the strong talent we've assembled on this team, along with the support of our P&G partners, and the trust we have built together over the past eight years, we know we can deliver a step change in performance that will add value to the corporate bottom line."
A leader in the facilities outsourcing field, Jones Lang LaSalle's Corporate Solutions business helps corporations improve the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of occupier services. This service delivery capability helps create new client relationships, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance productivity and profitability.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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