P&G Expands Strategic Relationship with Jones Lang LaSalle
STOCKHOLM - Real estate advisory services firm Jones Lang LaSalle has expanded its strategic advisory services partnership with Procter & Gamble (P&G) 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 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.
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."
P&G has approximately 138,000 employees working in over 80 countries worldwide. P&G brands include 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.
Jones Lang LaSalle is a financial and professional services firm specializing in real estate. The firm had 2007 global revenues of $2.7 billion and manages a portfolio of approximately 1.2 billion square feet worldwide. Jones Lang LaSalle serves clients in 60 countries from 180 corporate offices worldwide.