85% of CRE Executives Surveyed Say that the Quest for Productivity is Shaping Their Company's Current and Future Real Estate Strategy

Jones Lang LaSalle
2012-06-04 08:00 1153

Jones Lang LaSalle Survey of Top Corporate Real Estate Executives in Asia Pacific

SINGAPORE, June 4, 2012 /PRNewswire-Asia/ -- Real estate is a key productivity driver for eighty five percent of companies according to a Jones Lang LaSalle (NYSE:JLL) survey of over 60 senior real estate executives at the recent CoreNet Global Summit held in Singapore. Key survey findings were:

  • Eighty five percent of companies surveyed said that the quest for productivity is shaping their current and future real estate strategy
  • Eighty three percent of respondents stated that real estate outsourcing can drive productivity within a firm
  • The top three productivity outcomes companies are expecting Corporate Real Estate (CRE) executives to deliver are cost reduction, talent attraction and retention and improved output quality
  • Fifty one percent of respondents are currently measuring productivity outcomes, while a further 36 percent are planning to within the next 12 months to three years
  • The top three areas being measured are cost savings and avoidance, project delivery on time and on budget, and space utilization

John Forrest, CEO of Corporate Solutions, Asia Pacific at Jones Lang LaSalle said: "Economies in Asia and projected growth in the region remain stronger than for the rest of the world, for both multinational and domestic corporations. The C-suite focus remains firmly on margins; consequently reductions in operating costs and increasing productivity are the key focus. What is very clear from our recent survey is that the impact that CRE can have on these priorities is widely recognised."

He continued: "On-going management interest in cost saving, productivity and efficiency is leading to more intense scrutiny over location decisions, with the respective merits of onshore, near-shore or offshore being actively reconsidered. This is bringing greater attention to secondary and tertiary cities in emerging markets across Asia Pacific as companies seek to secure competitive advantage through location."

John Forrest: "As companies increasingly understand the impact of their real estate decisions on the bottom line, they are turning to vendor-partnering relationships with specialist real estate service providers to leverage their portfolios and drive down costs. Many companies in Asia Pacific are embarking on the partnering journey for the first time, while others are moving to more sophisticated partnership models to ensure full value is being extracted."

Notes to Editors

  1. Jones Lang LaSalle surveyed 60+ senior corporate real estate executives at the CoreNet Global Summit held in Singapore on 28 - 29 March 2012
  2. Interview with John Forrest at CoreNet Global in which he discusses productivity in Asia Pacific

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 2011 global revenue of $3.6 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 2.1 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 $47.2 billion of assets under management. For further information, please visit

Contact: Madeleine Little  
Phone: +65-6494-7003  
Reference: AP063
Source: Jones Lang LaSalle
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