SINGAPORE, May 19, 2015 /PRNewswire/ -- Global real estate services firm JLL has increased the reach of its Corporate Solutions business in Asia Pacific, with the acquisition of Australia's largest privately owned corporate real estate firm, Five D.
The combined businesses will span almost 10 million square metres of property and facilities under management across Australia, for over 11,000 sites, with nearly 1,000 staff providing integrated facilities management (IFM) services to 60 corporate clients.
JLL established its Corporate Solutions business in Asia Pacific 15 years ago. Five D was established in 2003 and was Australia's largest privately owned corporate real estate outsourced service provider. The current CEO of Five D, Steve Mackintosh will take a leading role at JLL, as Chief Operating Officer for IFM Australasia.
Jordi Martin, CEO Corporate Solutions, Asia Pacific said, "This acquisition supports JLL's global and regional growth strategies, by seeking out compatible companies which will strengthen the business in new sectors and geographies, providing the right talent and cultural alignment to contribute to the firm's financial performance.
"The addition of Five D, which has an impressive track record, will increase the scale of our corporate real estate business in Australia and Asia Pacific, adding a further 200 people to our talent pool and providing increased value to shareholders and clients," said Mr Martin.
JLL's Managing Director, IFM Australasia, Chris Hunt said, "Between the two firms, we will provide building facilities management services that create and maintain great places to work for more than 1 million Australians going to work every day.
"This new partnership will reinforce our existing core business, particularly in the federal and state government sectors. Both firms have been providing property services to government departments and agencies for a number of years.
"It also will expand JLL into new sectors such as childcare and not-for-profit in which Five D has strongly established services," said Mr Hunt.
Steve Mackintosh, CEO of Five D who moves into the role of COO, IFM Australasia for JLL, said, "Our move to JLL offers opportunities for our people to work with major domestic Australian brands such as ANZ, Telstra, Qantas and Westpac, which JLL has established relationships with.
"We bring strong corporate relationships in major CBD markets and regional Australia and now we will be able to benefit from the global reach of JLL and the increased pool of knowledge the firm offers through its 230 corporate offices in 80 countries," said Mr Mackintosh.
Five D is being acquired as a wholly owned Jones Lang LaSalle company. There will be an initial 100 day transition plan to integrate the two businesses.
| Contact: |
Eva Sogbanmu |
|
| Phone: |
+65 8376 3109 |
|
| Email: |
About JLL
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 $55.3 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 30,000 employees operating in 80 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 1,800 employees throughout our 10 offices across the country. The firm was named 'Best Property Consultancy' in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.jll.com/asiapacific
Follow JLL
Twitter: http://twitter.com/JLLNews
LinkedIn: http://www.linkedin.com/company/jll
Google+: https://plus.google.com/+joneslanglasalle
Facebook: https://www.facebook.com/joneslanglasalle?fref=ts
Blog: http://www.joneslanglasalleblog.com/APResearch/
YouTube: http://www.youtube.com/joneslanglasalle
