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Jones Lang LaSalle (JLL) looks at the significant impact outsourcing corporate real estate and facilities management can contribute to life sciences productivity.
CHICAGO, March 13, 2013 – The lifecycle of pharmaceutical, medical device and biotechnology products that save and enrich lives requires billions in investment – and not just in direct scientific activities. Supporting the science, manufacturing and sales functions are the actual facilities—labs, factories, offices and so on. Strategic investment in those facilities can drive profitability and productivity, when real estate strategies are supported by industry-leading professionals and technology. Outsourcing corporate real estate and facilities can improve corporate performance metrics such as efficiency ratios and “R&D as percentage of revenue” and other measures that reward effectively allocated capital. Allowing real estate experts to deal with the real estate also frees corporate managers to focus on the mission-critical activities that take place within the buildings, rather than the space itself.
Most large pharmaceutical companies are already realizing the benefits of outsourcing. However, many middle-market life sciences and biotechnology companies have not yet taken the step of outsourcing this non-core function capable of significantly impacting key business metrics. Contrary to popular perception, outsourcing facilities management can produce measurable competitive advantage even for middle-market companies that are not multinational conglomerates.
Experts from Jones Lang LaSalle (JLL) have compiled the Top 10 ways that outsourcing corporate real estate and facilities management can potentially drive productivity, reduce expenses, engage employees, shorten the R&D lifecycle and keep manufacturing compliant and on-schedule, as follows.
Jones Lang LaSalle has a team of real estate and facility management experts dedicated to helping life sciences companies optimize and manage their real estate portfolios. The firm provides a comprehensive range of facilities management services to the life sciences community covering 70 million square feet of research, manufacturing and commercial space. Jones Lang LaSalle’s industry leading full-service platform includes: integrated facilities management, engineering and operations, energy and sustainability, transaction advisory services, lease administration, project management and a new platform for integrating laboratory services, Labwell.
A leader in the real estate outsourcing field, JLL’s Corporate Solutions business helps corporations improve productivity in the cost, efficiency and performance of their national, regional or global real estate portfolios by creating outsourcing partnerships to manage and execute a range of corporate real estate services. This service delivery capability helps corporations improve business performance, particularly as companies turn to the outsourcing of their real estate activity as a way to manage expenses and enhance profitability.
About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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