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CHICAGO, Aug. 5, 2014 – Procurement officers face growing responsibility for compliance and risk management, which now includes compliance for their company's real estate and facilities, according to JLL, a corporate real estate advisory firm and expert in facility management.
"Regulation on corporate offices, manufacturing and retail facilities is putting complex demands on corporate real estate teams," said
Bryan Jacobs, International Director, JLL. "This is driving rapid demand for facilities management outsourcing as well as collaboration between real estate and procurement teams."
According to Ardent Partners'
CPO Rising 2014: Convergence report, compliance is a priority for 32 percent of procurement executives this year, up from 23 percent in 2011. JLL's Jacobs advises procurement teams and corporate real estate executives to consider the following high-risk areas to help avoid regulatory fees:
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.
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JLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit
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