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Sep 06 2011

HSBC appoints Jones Lang LaSalle as strategic property partner for Middle East and North Africa ("MENA") region

Partnership to streamline service delivery and provide local market knowledge across HSBC sites in multiple countries.


06 September 2011 - Jones Lang LaSalle announced today that HSBC has appointed the firm as a strategic property partner across the MENA region. This is part of HSBC 's ongoing plan to streamline its global property operations, enhance governance and improve portfolio planning.

The regional transaction partnership role will provide a global standard operating procedure along with enhanced in-country delivery capacity and property market knowledge for transactions and portfolio events including acquisitions, disposals and lease renewals.

Robin Pugh, Head of Corporate Solutions at Jones Lang LaSalle MENA said "We are delighted to have been appointed to work with HSBC and look forward to supporting them across the MENA region and beyond. Our intention is to provide best-in-class support to enable the HSBC Corporate Real Estate function to deliver an excellent service to its internal clients."

HSBC has also announced its intention to renew its five-year integrated real estate services contract with Jones Lang LaSalle for its eight-million-square-foot portfolio in the United States and is expanding the geographic scope to include an additional two-million-square-foot portfolio in Canada.

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About Jones Lang LaSalle MENA
Across the Middle East and North Africa, Jones Lang LaSalle is a leading player in the real estate market and hospitality services market. The firm has worked in over 25 Middle Eastern and North African countries and has advised clients on more than USD 200 billion worth of real estate, hotel and hospitality developments. Jones Lang LaSalle is recognised as having leading real estate and hospitality expertise with a leadership team that has held senior positions with some of the largest real estate developers, hospitality companies and corporate groups both in the Middle East and internationally.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with $45.3 billion of assets under management.

For further information, please visit our Web site, http://www.joneslanglasalle-mena.com
Emaar Square, Bldg 1 Office 403
Sheikh Zayed Road, PO Box 214029
Dubai - UAE

© Press Release 2011

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