Assignment Expands Scope of Relationship Beyond Existing Facility Management of 16 Million Square Foot Office and Technical Center Portfolio Worldwide
CHICAGO, LONDON, SINGAPORE November 4, 2008 – Jones Lang LaSalle Incorporated (NYSE: JLL), the leading integrated financial and professional services firm specializing in real estate, announced the expansion of its existing strategic alliance relationship with Procter & Gamble to include a range of transaction and strategic portfolio planning services for P&G’s owned and leased real estate worldwide.
The new three-year agreement encompasses portfolio management, transaction management, real estate brokerage, lease administration and strategic portfolio planning services for a portfolio in excess of 150 million square feet of real estate, including plants, warehouses, offices, technical centers and other properties in more than 80 countries throughout North America; South America; Asia-Pacific; and Europe, the Middle East and Africa. In addition, Jones Lang LaSalle continues to provide facility management and project management services to P&G’s office and technical center buildings worldwide, a portfolio which entails approximately 16 million square feet.
“Managing a wider range of real estate strategies through one alliance partner enables us to increase efficiency and consistency, leverage scale and enhance service levels,” said Jim Fortner, Vice President responsible for Workplace and Infrastructure Solutions at P&G. “Jones Lang LaSalle is already a strong strategic partner for us, and our expectations with this new contract are high.”
“Our team is committed to providing P&G with the best possible global platform for managing its real estate portfolio and transactions to support business growth and changes,” said Pete Bulgarelli, Managing Director, Global Account Executive at Jones Lang LaSalle. “With the support of P&G’s team of real estate and facilities professionals, there are many ways we can create efficiency and add value to the corporate bottom line.”
About Procter & Gamble
Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers®, Tide®, Ariel®, Always®, Whisper®, Pantene®, Mach3®, Bounty®, Dawn®, Gain®, Pringles®, Folgers®, Charmin®, Downy®, Lenor®, Iams®, Crest®, Oral-B®, Actonel®, Duracell®, Olay®, Head & Shoulders®, Wella®, Gillette®, and Braun®. The P&G community consists of 138,000 employees working in over 80 countries worldwide. Please visit http://www.pg.com for the latest news and in-depth information about P&G and its brands.
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 2007 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 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 more than $53 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.