HSBC appoints Jones Lang LaSalle as strategic property partner for Middle East and North Africa region

Press release

Published September 6th, 2011 - 06:25 GMT

Al Bawaba

Jones Lang LaSalle announced today that HSBC has appointed the firm as a strategic property partner across the MENA region. This is part of HSBC’s ongoing plan to streamline its global property operations, enhance governance and improve portfolio planning.

The regional transaction partnership role will 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.

Robin Pugh, Head of Corporate Solutions at Jones Lang LaSalle MENA said “We are delighted to have been appointed to work with HSBC and look forward to supporting them across the MENA region and beyond. Our intention is to provide best-in-class support to enable the HSBC Corporate Real Estate function to deliver an excellent service to its internal clients.”

HSBC has also announced its intention to renew its five-year integrated real estate services contract with Jones Lang LaSalle for its eight-million-square-foot portfolio in the United States and is expanding the geographic scope to include an additional two-million-square-foot portfolio in Canada.

Background Information

Jones Lang LaSalle

We’re a world leader in real estate services, powered by an entrepreneurial spirit. We want the most ambitious clients to work with us, and the most ambitious people to work for us. It’s as simple as that.

We buy, build, occupy and invest in a variety of assets including industrial, commercial, retail, residential and hotel real estate. From tech startups to global firms, our clients span industries including banking, energy, healthcare, law, life sciences, manufacturing and technology.

Company Profile

HSBC

HSBC is one of the largest banking and financial services organisations in the world, with operations in 66 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.