Jones Lang Lasalle Inc. Becomes GSK Single Real Estate Provider Worldwide According to BAC Company Report07 Mar 2012 • by Natalie Aster
LONDON – Recently Jones Lang Lasalle Inc was proud to announce its potent achievement of becoming GlaxoSmithKline’s single real estate provider worldwide. Among other challengers Jones Lang appeared to have the most professional expertise, the broadest capabilities and scope, and the most attractive pricing for GSK. In the last ten years Jones Lang has been GSK real estate services provider together with other companies, but starting 2012 it takes the responsibility to manage full property portfolio of 80 million square feet across 750 locations for GlaxoSmithKline, also providing transactions, consulting, and other related services. Both companies see financial benefit from this close partnership.
Jones Lang Lasalle financial performance is sound: both annual and interim results show growing numbers. Q4 2011 finished with revenue of USD 1,148.2 M, operating profit of USD 153.2 M, net income of 84.9 M, profit margin of 7.4%. FY 2011 delivered 22.5% growth in revenues (total USD 3.5 B), 22.2% increase in gross profit (equal USD 1.25 B), 15.1% gain in operating income (USD 307 M), and net income up 6.8% to USD 164 M. 2011 is Jones Lang best year so far, the company proved to recover fast from financial crisis impact.
Founded in 1939 and headquartered in Chicago, Illinois (USA), Jones Lang Lasalle Inc engages in real estate services and property or investment management. With presence in 60 countries, 185 corporate offices, over 60,000 employees and about 1.8 billion square feet portfolio Jones Lang is one of the world’s most known real estate companies. The company trades on New York Stock Exchange under the ticker JLL.
Get full review on the company’s activities, SWOT, financials, peers from the report "Jones Lang Lasalle Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Jones Lang Lasalle Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Feb, 2012
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