Jones Lang LaSalle and Procter & Gamble have agreed to a 5-year corporate facilities management and project management contract. June 4, 2003—According to the agreement, Jones Lang LaSalle will provide facilities management for all P&G offices and technical facilities—a total of nearly 13.8 million square feet (1.28 million square meters) of P&G-owned and leased corporate real estate locations around the world. The agreement will cover a broad range of services including strategic facilities planning, property management, remodeling and furnishing, and employee convenience services. The controllable operating expenses for these services are estimated at $700 million over five years. In addition, nearly 600 employees will transition to Jones Lang LaSalle from P&G’s Global Business Services unit.
P&G Global Business Services selected Jones Lang LaSalle after a competitive selection process initiated in February 2003 that included major corporate real estate and property management firms.
For more information, contact Jones Lang LaSalle.
