by Shane Henson — January 30, 2013—Jones Lang LaSalle announced that it was selected by HSBC to operate as the bank’s sole global outsourcing provider of integrated facilities management services across its 58 million-square-foot real estate portfolio. According to Jones Lang LaSalle, a financial and professional services firm specializing in real estate, this is the largest FM contract awarded to a single provider on a global basis by a financial services firm.
This contracts builds on Jones Lang LaSalle’s already established relationship with HSBC, to which the firm has been a real estate advisor in North America since 1998, says Jones Lang LaSalle. The contract adds more than 42 million square feet of real estate worldwide to Jones Lang LaSalle’s responsibilities, and renews existing FM services in North America, China, Thailand, Mexico and Panama. Jones Lang LaSalle also acts as one of HSBC’s regional transaction partners, serving its Asia Pacific, Latin America and Middle East-North Africa regions.
To service this expanded program, Jones Lang LaSalle says it will implement its leading technology platform that allows HSBC to manage, compare and benchmark performance consistently across its global portfolio. Jones Lang LaSalle said it has also formed an integrated global account team of experts to serve the expanded global account responsibilities for HSBC.
