Mumbai, India (PressExposure) June 11, 2009 -- Jones Lang LaSalle (JLL) has been appointed by Philips 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. 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.
Yash Kapila, MD, integrated facilities management, Jones Lang LaSalle Meghraj, stated that this win is important in the context of the company's India operations. "This is an exciting win, especially coming so close on the heels of our appointment by Nokia to manage its facilities in Asia Pacific. The high demand for professional integrated facilities management services in India is indisputable," he said.
"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," noted Jordi Martin, MD, integrated facilities management, Asia Pacific at Jones Lang LaSalle.
Last year, JLL's integrated facilities management 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, it has seen the portfolio of space under management increase by an additional 9 million sq ft.