CANNES, France, March 11, 2014 /PRNewswire/ -- Over the last 12 months, JLL Corporate Solutions Europe, Middle East & Africa has won 65 new corporate outsourcing mandates.
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This is a 58% increase on the 41 new mandates won in 2012 and 124% increase on the 29 won in 2011.
According to Vincent Lottefier, Global Director & CEO Corporate Solutions – Europe, Middle East & Africa for JLL, these client mandates represent the increasing focus European corporates are placing on productivity improvements connected to commercial real estate operations.
"I have been working with client CEOs and commercial real estate leadership teams for 24 years. The last 28 months has seen a distinct shift towards real estate outsourcing as most companies want to focus on their core business strategy and stimulate growth. This has resulted in corporate real estate moving up within the C Suite's agenda, stronger cost discipline, more efficient user of space and smarter decisions on location or workplace strategy. However, all of these topics require extensive advice and careful consideration prior to implementation."
The advent of Big Data and Technology has also made corporate real estate outsourcing simpler and more efficient, providing central teams with the ability to monitor and analyse data in real time, allowing for smart decisions to be made at pace.
The 2013 Jones Lang LaSalle Global Commercial Real Estate Survey found that only 8% of the 636 global companies surveyed have not outsourced any aspect of their CRE function, a big drop from 24% in 2011.
Notes:
Breakdown of JLL EMEA CS wins by sector:
| Technology |
16 |
| Banking / investing |
14 |
| Consumer products |
8 |
| Pharma / biotech |
6 |
| Manufacturing |
6 |
| Energy / utilities |
5 |
| Other |
10 |
| TOTAL |
65 |
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.
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