London, 22nd June 2009 – Jones Lang LaSalle has announced that it has been appointed by Philips, a world leader in healthcare, lifestyle and lighting, 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.
Mr James Low, Head, Philips Real Estate (Asia Pac) says, “The integrated service delivery model provided by Jones Lang LaSalle and its proven track record in helping companies reduce occupancy costs while aligning real estate strategies with corporate and business unit goals were significant factors in helping Philips reach this decision. The existing collaboration between both companies has also proven to be successful and the extension of our partnership to cover facilities management is testimonial to our strategic relationship and our future expectations that we will continue to collaboratively drive significant value 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.
Mr Jordi Martin, Managing Director, Integrated Facilities Management, Asia Pacific at Jones Lang LaSalle says, “We are delighted at the opportunity to expand our relationship with Philips in Asia Pacific and to deliver the benefits of our integrated service platform to their real estate operations. This is our first major integrated regional industrial appointment and we are confident that this partnership with Philips will allow us to push the boundaries and create new benchmarks in outsourcing in the industrial sector.”
“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,” notes Mr Martin.