Jones Lang LaSalle Incorporated
) declared that it was selected by Gemalto - a leading
international digital security company - to act as adviser for
its worldwide real estate operations. With over 10,000 employees,
Gemalto has presence in 43 countries across the world. The new
deal is an extension of Jones Lang's ties with Gemalto, with
which the former has been working for the past five years.
Notably, Jones Lang LaSalle France will manage the contract
with Gemalto. As per the global contract, Jones Lang will provide
consulting and transactional support services to Gemalto. These
services will be provided across the company's assets, which
include Gemalto's operating plants, offices and research
The service will include leasing, lease renegotiations, site
redevelopments and disposals. Notably, Jones Lang's office in
Warsaw, Poland will be delivering the lease administration
We view this deal as a strategic fit for Jones Lang as this
portrays the company's strong relationship management with its
clients. Also, the move will enhance Jones Lang's top-line going
Indeed, this real estate investment trust (REIT) has a broad
range of real estate product and services as well as sound
knowledge of domestic and international real estate markets,
facilitating its operation as a single-source provider of real
With a worldwide portfolio of approximately 2.6 billion square
feet, Jones Lang is an industry leader in property and corporate
facility management services, while its investment management
business is one of the largest and most diverse in the real
estate sector with $46.3 billion of assets under management.
Jones Lang currently carries a Zacks Rank #3 (Hold). Some
better-ranked stocks include
E-House (China) Holdings Ltd.
Kennedy-Wilson Holdings, Inc.
). All these have a Zacks Rank #1 (Strong Buy).
E-HOUSE CHINA (EJ): Free Stock Analysis
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JONES LANG LASL (JLL): Free Stock Analysis
KENNEDY-WILSON (KW): Free Stock Analysis
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