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HSBC appoints Jones Lang LaSalle as strategic property partner for Asia Pacific

Partnership to drive corporate real estate strategy and portfolio performance across multiple countries

Jones Lang LaSalle announced today that HSBC has appointed the firm as one of two regional transaction partners for its corporate real estate portfolio across Asia Pacific (excluding Hong Kong).

This is part of HSBC’s ongoing plan to streamline its global property operations, enhance governance and improve portfolio planning. This relationship will support HSBC’s strategy of creating capacity for smart growth through the reduction of costs by standardizing processes and leveraging its global scale.

The regional transaction partnership roles will collectively provide a global standard operating procedure along with enhanced in-country delivery capacity and property market knowledge for transactions and portfolio events including acquisitions, disposals and lease renewals.

John Forrest, CEO Corporate Solutions, Asia Pacific for Jones Lang LaSalle said, “We are excited to have been appointed to work with HSBC and look forward to supporting their operations across the Asia Pacific region and beyond. We are committed to providing best-in-class support to enable the HSBC Corporate Real Estate team to deliver service excellence and market knowledge to its internal clients.”

Jones Lang LaSalle has been appointed as HSBC’s sole regional transaction partner for Middle East and North Africa (MENA) and North America and one of four providers in Latin America.

HSBC has also announced its intention to renew its integrated real estate services contract with Jones Lang LaSalle in North America for another five years. The portfolio is spread across eight-million-square-foot in the United States and two-million-square-foot in Canada.

About Jones Lang LaSalle Corporate Solutions
Jones Lang LaSalle’ pioneered the corporate real estate offering in Asia Pacific. Today our platform provides unmatched services across a single project, country or global portfolio. Our commitment to shaping our business around helping our clients improve their productivity and delivering on our promises keeps us at the forefront of our industry. Our global platform of transactions, lease administration, project and facility management services is backed by our expertise in strategic consulting, workplace and portfolio strategy to provide an end-to-end service offering.
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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 2010 global revenue of more than USD 2.9 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 1.8 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 USD 45.3 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 19,700 employees operating in 78 offices in 13 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website,
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