JLL and Scania Ink Real Estate Deal - Analyst Blog


Shutterstock photo

Jones Lang LaSalle Incorporated ( JLL ), which shortened its name to "JLL" earlier in March, disclosed that it has been selected by Scania - a Swedish automotive industry manufacturer - as a preferred provider of global commercial real estate consultancy and advisory services.

A global framework agreement has already been signed by Scania and JLL in this context. Notably, Scania has a worldwide presence with its sales and service organization in over 100 countries.

As per the deal's scope, JLL services will include project & development services (construction, refurbishment, planning), transactions (land and property purchases/disposals, leasing, sale & leaseback transactions) as well valuation services. Other services like facilities management, workplace strategy, lease administration and site location analysis at Scania's request can also be offered by JLL.

As a matter of fact, JLL has a broad range of real estate product and services. Alongside, it possesses extensive knowledge of domestic and international real estate markets, enabling it to operate as a single-source provider of real estate solutions.

Therefore, for Scania, which has several real estate projects worldwide, the appointment of JLL is a strategic fit. On the other hand, the move will enhance JLL's top line going forward.

In 2013, JLL generated record fee revenue of $4 billion across its segments, reflecting a 12% year-over-year increase in local currency. In the fourth quarter, the company was selected by Gemalto to act as adviser for its worldwide real estate operations.

JLL currently has a Zacks Rank #2 (Buy). Investors interested in the real estate operations industry may also consider stocks like E-House (China) Holdings Limited ( EJ ), HFF, Inc. ( HF ) and FirstService Corp. ( FSRV ). While E-House and HFF have a Zacks Rank #1 (Strong Buy), FirstService carries a Zacks Rank #2.

E-HOUSE CHINA (EJ): Free Stock Analysis Report

FIRSTSERVICE CP (FSRV): Free Stock Analysis Report

HFF INC-A (HF): Free Stock Analysis Report

JONES LANG LASL (JLL): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
More Headlines for: EJ , FSRV , HF , JLL

More from


Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by