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News release


JLL cements its market leading position by acquiring Australia’s largest privately owned corporate real estate services firm, Five D

The combined businesses will span almost 10 million square metres of property and facilities under management, over 11,000 sites, nearly 1000 staff and 60 corporate clients

​Global real estate services firm, JLL has increased the reach of its Corporate Solutions business in Australia and Asia Pacific, with the acquisition of Australia's largest privately owned corporate real estate firm, Five D.

The combined businesses will span almost 10 million square metres of property and facilities under management across Australia, for over 11,000 sites, with nearly 1000 staff providing integrated facilities management (IFM) services to 60 corporate clients.

This acquisition supports JLL's global and regional growth strategies, by seeking out compatible companies which will strengthen the business in new sectors and geographies, providing the right talent and cultural alignment to contribute to the firm's financial performance.

The current CEO of Five D, Steve Mackintosh will take a leading role at JLL, as Chief Operating Officer for IFM Australasia. 

CEO of JLL Australia, Stephen Conry said, "This is a good strategic fit for our business in Australia. 

Bringing together two leading corporate real estate providers will strengthen JLL's market position, by reinforcing our existing core business, particularly in the federal and state government sectors. Both firms have been providing property services to government departments and agencies for a number of years.

"It also will expand JLL into new sectors such as childcare and not-for-profit in which Five D has strongly established services. 

"We welcome all of the Five D team to our business, which will increase our talent pool and add a further 200 employees to JLL's 1800 strong team in Australia," said Mr Conry.

JLL's Managing Director, IFM Australasia, Chris Hunt said, "The addition of Steve Mackintosh and his impressive team to the JLL business will cement our market leadership position.  Steve and I saw from early on in the process a strong alignment of cultures, with an unwavering focus on vision and values, service excellence and professionalism. 

Between the two firms, we provide building facilities management services that create and maintain great places to work for more than 1 million Australians going to work every day," said Mr Hunt.

Steve Mackintosh, CEO of Five D who moves into the role of COO, IFM Australasia for JLL, said, "Our move to JLL offers opportunities for our people to work with major domestic Australian brands such as ANZ, Telstra, Qantas and Westpac, which JLL has established relationships with.

We bring strong corporate relationships in major CBD markets and regional Australia and now we will be able to benefit from the global reach of JLL and the increased pool of knowledge the firm offers through its 230 corporate offices in 80 countries.  This will add great value to our clients," said Mr Mackintosh.

JLL has an established Corporate Solutions business which the firm has been investing in over the past 15 years.  Five D was established in 2003 and was Australia's largest privately owned corporate real estate outsourced service provider.

JLL has grown revenues in its Integrated Facilities Management business in Australia by 51% over the past five years.

Mr Hunt said, "We are acquiring the Five D business that has an impressive track record and top talent in the sector to provide increased value to shareholders and clients. By combining our businesses, we will lead the next generation of corporate real estate solutions by providing data and insight that enable client and workplace productivity, whilst providing a superior employee experience.  This acquisition will improve on our ability to deliver an outstanding customer and employee experience."

Mr Mackintosh said, "The appeal of JLL for our business and team was the opportunity to work in a globally integrated platform.  By combining our businesses, we can leverage our entrepreneurial approach with JLL's global best practices to deliver value to our clients and achieve further growth in the facilities management sector."

Five D is being acquired as a wholly owned Jones Lang LaSalle company.  There will be an initial 100-day transition plan to integrate the two businesses.