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JLL appointed by Crédit Agricole Corporate & Investment Bank for global real estate services

Contract spans 30+ countries


LONDON, 3 November 2014 – JLL (NYSE: JLL), the financial and professional services firm that specializes in commercial real estate services, has been appointed by Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB), the corporate and investment banking arm of the Crédit Agricole group, to deliver a global real estate performance plan.

The project aim is to deliver cost reduction for real estate projects throughout Crédit Agricole CIB's global portfolio in over 30 countries. JLL will provide integrated portfolio services (IPS) including lease management, portfolio strategy and transaction management.

"We wanted a property adviser who could collaborate with our country leadership teams and deliver local solutions within a consistent and global master-plan", explained Eric Lechaudel, International COO of Crédit Agricole CIB.

Vincent Lottefier, Global Director and CEO Corporate Solutions, Europe, Middle East & Africa for JLL said "We are excited to have been appointed to work with Crédit Agricole Corporate and Investment Bank on a global basis. This appointment reinforces the growing trend where European and global organizations including banks, law firms and FMCG companies appoint advisers to optimize global real estate portfolios."

According to JLL's Global Corporate Real Estate Trends 2013 report, real estate outsourcing is accelerating across geographies, industry sectors and corporations. Only 8% of companies have not outsourced any aspect of their CRE function, down from 24% in 2011. JLL is currently collating responses from corporate real estate executives for its 2015 survey. To take the survey, click: http://kadence.dubinterviewer.com/scripts/dubinterviewer.dll/Frames?Quest=58782&Platform=2&QW8561=500262&Resp=1591731008