International Team With Industry-Leading Reputation to Join JLL's Corporate Solutions Business as New Global Benchmarking Services Capability
CHICAGO, IL and LONDON, UNITED KINGDOM -- (Marketwired) -- 06/28/16 --
JLL (NYSE: JLL) today announced it has signed a definitive agreement to acquire MSCI's global corporate occupiers benchmarking (Global Occupiers) business. This acquisition will add a powerful further dimension to JLL's comprehensive Corporate Solutions service range and is the latest example of the firm's ongoing investments into leading-edge technology and data analytics capabilities. MSCI's Global Occupiers business has built a substantial international client roster collectively encompassing more than 25,000 properties in 48 countries around the world. The addition of this well-established and highly regarded global benchmarking business will further enhance JLL's Corporate Solutions offer, complementing existing services including portfolio management, transactions management, workplace strategy, occupancy planning, project management and integrated facility management.
Vincent Lottefier, JLL's CEO EMEA Corporate Solutions, said: "By bringing on board this very well-respected global benchmarking capability, we can augment our vision of leading the technology and data agenda for corporate occupiers. MSCI's Global Occupiers business is a global leader in performance analytics of commercial buildings and holds the largest independent database of occupier performance spanning 48 countries. This is a ground-breaking addition to our Corporate Solutions business."
Samit Chopra, International Director, EMEA Integrated Portfolio Services at JLL, said: "There is a really good fit here, not just in terms of how this excellent occupier benchmarking service complements our broader property portfolio services offer, but also in the talented team we are bringing across from MSCI who share our culture and commitment to teamwork, ethics and excellence. We have really enjoyed working with Victoria Mejevitch and her team in planning for this acquisition and the integration process."
Victoria Mejevitch, Executive Director, MSCI's Global Occupiers business, who will become JLL's Head of Global Benchmarking Services, commented: "JLL has an exceptional reputation for global real estate services and advice. We are excited by the opportunity to add our suite of benchmarking services and analysis to JLL's broader Corporate Solutions capabilities and the chance to introduce our services to a whole new roster of clients."
MSCI's Global Occupiers business, which will now be known as JLL Global Benchmarking Services, is based in London, Paris, New York and Mumbai. Its service scope includes detailed benchmarking and analysis of key portfolio performance indicators including space and cost efficiency, quality and environmental monitoring and impact of commercial assets. The acquisition, which is expected to close in August, is a further illustration of JLL's disciplined acquisition strategy which, since the start of 2015, has seen the company announce or close 40 margin-accretive transactions with a combined value of more than US$1.2bn.
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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 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.
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