Jones Lang LaSalle Incorporated
), 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.
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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
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
). While E-House and HFF have a Zacks Rank #1 (Strong Buy),
FirstService carries a Zacks Rank #2.