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SINGAPORE, 10 June 2009 – Jones Lang LaSalle today announced that it has been appointed by Philips, a world leader in healthcare, lifestyle and lighting, to manage its 4.3 million sq ft real estate portfolio in Asia Pacific. The appointment, which takes effect from June 2009, is an extension of Jones Lang LaSalle’s current relationship as Transaction Management provider for Philips.
Mr James Low, Head, Philips Real Estate (Asia Pac) says, “The integrated service delivery model provided by Jones Lang LaSalle and its proven track record in helping companies reduce occupancy costs while aligning real estate strategies with corporate and business unit goals were significant factors in helping Philips reach this decision. The existing collaboration between both companies has also proven to be successful and the extension of our partnership to cover facilities management is testimonial to our strategic relationship and our future expectations that we will continue to collaboratively drive significant value for Philips.”
As part of the five-year outsourcing contract, Jones Lang LaSalle will manage the facilities in 25 sites across 11 countries. Philips’ outsourcing contract represents the first truly integrated facilities management outsourcing contract in the manufacturing sector. Jones Lang LaSalle was selected after an intensive and competitive selection process over a six months period that included major corporate real estate services firms.
Mr Jordi Martin, Managing Director, Integrated Facilities Management, Asia Pacific at Jones Lang LaSalle says, “We are delighted at the opportunity to expand our relationship with Philips in Asia Pacific and to deliver the benefits of our integrated service platform to their real estate operations. This is our first major integrated regional industrial appointment and we are confident that this partnership with Philips will allow us to push the boundaries and create new benchmarks in outsourcing in the industrial sector.”
“Similar to the early adopters of outsourcing like the financial services, technology and telecommunications industries, the industrial sector’s outsourcing potential is high. We expect the momentum to grow rapidly in Asia as there is significant scale of operations in key markets like India, China, Singapore, Thailand, Vietnam and Japan,” notes Mr Martin.
“In today’s economic downturn, occupiers are being driven by a desire to save costs through better management of their facilities and the outsourcing business is experiencing strong growth. Last year, our Integrated Facilities Management (IFM) business in Asia Pacific expanded its space under management by 27 million sq ft. This growth has continued in 2009 and in the first quarter of the year, we have seen our portfolio of space under management increase by an additional 9 million sq ft,” says Mr Martin.
About Jones Lang LaSalle’s Integrated Facilities Management
Jones Lang LaSalle is the market leader in facilities management services in Asia Pacific. We provide a comprehensive scope of services for more than 110 corporate clients totalling over 130 million sq ft of space across the region. Our team of over 3,500 workplace, technical and support staff across 88 cities and 16 countries drive consistent, high-quality service delivery and best practice for our clients.
Foo Chek Yee
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