LONDON, UNITED KINGDOM -- (Marketwired) -- JLL (NYSE: JLL), the financial and professional services firm that specializes in commercial real estate services, have been appointed by Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) the corporate and investment banking arm of the Crédit Agricole group, to deliver a global real estate performance plan.
The project aim is to deliver cost reduction for real estate projects throughout Crédit Agricole CIB's global portfolio across 30 countries. JLL will provide integrated portfolio services (IPS) including lease management, portfolio strategy and transaction management.
"We wanted a property adviser who could collaborate with our country leadership teams and deliver local solutions within a consistent and global master-plan," explained Eric Lechaudel, International COO of Crédit Agricole CIB.
Vincent Lottefier, Global Director and CEO Corporate Solutions, Europe, Middle East & Africa for JLL said, "We are excited to have been appointed to work with Crédit Agricole Corporate and Investment Bank on a global basis. This appointment reinforces the growing trend where European and global organizations including banks, law firms and FMCG companies appoint advisers to optimize global real estate portfolios."
According to JLL's Global Corporate Real Estate Trends 2013 report, real estate outsourcing is accelerating across geographies, industry sectors and corporations. Only 8% of companies have not outsourced any aspect of their CRE function, down from 24% in 2011. JLL is currently collating responses from corporate real estate executives for its 2015 survey. To take the survey, click: http://kadence.dubinterviewer.com/scripts/dubinterviewer.dll/Frames?Quest=58782&Platform=2&QW8561=500262&Resp=1591731008
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com
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About CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK
Crédit Agricole CIB is the Corporate and Investment Banking arm of the Crédit Agricole Group, the world's 8th largest bank by total assets (The Banker, July 2014). The Bank offers its clients a comprehensive range of products and services structured around five major divisions:
- Client Coverage & International Network
- Global Investment Banking
- Structured Finance
- Global Markets
- Debt Optimisation & Distribution
The Bank provides support to clients in large international markets through its network with a presence in major countries in Europe, America, Asia Pacific and the Middle East.
For more information, please visit its website at www.ca-cib.com