The requested news item does not exist. Please return to News
London, 10 May 2010 – Shell has awarded Jones Lang LaSalle’s Corporate Solutions team as their primary provider of real estate support services across the EMEA region.
Jones Lang LaSalle’s contract will be for an initial term of three years with an option to extend for up to two years for Project Management, Real Estate Consultancy, Brokerage, Valuation & other Professional Services.
The Shell EMEA portfolio consists of some 4,000 leased and owned assets including commercial, industrial, residential, agricultural land, former operational land, leisure and hotel facilities, operational plants and depots with supporting infrastructure (such as pipelines). The mandate does not include Shell’s retail portfolio.
Jason Peckmore, Regional Manager, EMEA for Shell Real Estate, said: “We are delighted to be able to appoint Jones Lang LaSalle off the back of an incredibly strong bid demonstrating unparalleled strength and depth across the region and across all of our required areas of operation. We are looking forward to working with JLL across a range of challenges and opportunities we see in our portfolio across the next few years.”
James Morris, Head of Jones Lang LaSalle’s Project & Development Services team, added: “This mandate is a huge win for our EMEA business and is the final piece of the regional jigsaw in terms of our global relationship with Shell – complementing our already existing contracts in Asia and the Americas. It underpins our core business strategies and positions Shell as a truly global Corporate Solutions client. This is a key win for the Project and Development Services team and confirms our ability to deliver project management services across the EMEA region. The win supports our business strategy to focus on clients, understand their business, and deliver their projects successfully.”
Cushman & Wakefield will provide services as a secondary provider in the outsourcing agreement.
The business was won in a competitive tender with DTZ, Cushman & Wakefield and CBRE all bidding for the contract. CBRE will retain their existing instruction in connection with the redevelopment of the Shell Centre in London and separate responsibility for Shell’s retail portfolio.
+44 (0)20 7399 5469