SINGAPORE - Australian telecommunications giant Telstra has appointed JLL to manage its growing Asia Pacific property portfolio comprising 260,000 square feet across eight countries.
The global real estate services company will provide facilities management, sustainability consulting, lease administration, transaction management and project management services to Telstra in China, Hong Kong, India, Japan, Korea, Malaysia, Singapore and Taiwan until 2020.
This follows JLL being reappointed by the firm for a further five years in July 2015 to provide integrated property services for Telstra's vast and complex portfolio in Australia, which covers more than 15,000 properties.
JLL's Asia Pacific CEO for Corporate Solutions, Jordi Martin, says, "I am excited by the opportunity to build on JLL's strong relationship with Telstra in Australia to provide a real estate outsourcing solution that supports its growing footprint across the Asia Pacific region.
"Our global platform, and 20 years of experience providing corporate real estate services in Asia Pacific, means we are well positioned to meet the needs of companies based in this region as they expand internationally. We look forward to supporting Telstra's growth plans over the next five years," adds Mr Martin.
Telstra Property, Executive Director, John Romano said, "We're delighted to continue and build on the strong relationship we have enjoyed with JLL over the past five years.
"Using the firm's established global service delivery models will help us grow our business in Asia and internationally as we manage our large and diverse property portfolio holding," said Mr Romano.
About Jones Lang LaSalle
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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 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.
JLL has over 50 years of experience in Asia Pacific, with over 31,100 employees operating in 83 offices in 16 countries across the region. We were the first global commercial property firm to establish an Australian presence in 1958 and currently employ over 2000 employees throughout our 10 offices across the country. The firm was named number one real estate advisor in Asia at the 2015 Euromoney Real Estate Awards and won 'Best Property Consultancy' in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014. www.jll.com/asiapacific