December 3, 2008—Jones Lang LaSalle, Inc., the integrated financial and professional services firm specializing in real estate, announced the expansion of its existing strategic FM/PM alliance relationship 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 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.
Jones Lang LaSalle continues to provide facilities management and project management services to P&G’s office and technical center buildings worldwide, a portfolio that 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.
