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SINGAPORE, 15 June 2009 — Jones Lang LaSalle (NYSE:JLL), the leading integrated professional services firm specializing in real estate, has secured a five-year contract to manage Iron Mountain Incorporated’s real estate transactions worldwide. The information management services firm’s total industrial and office portfolio encompasses 65 million square feet in more than 35 countries.
“It is exciting to be partnering with Iron Mountain, a leader in information management services, on this truly global project,” says Mr David Wilton, Head of Industrial – Asia at Jones Lang LaSalle. “This is a textbook example of a highly successful company, dominant in its field, leveraging outsourcing as a vehicle for speed to market while driving shareholder value.”
Jones Lang LaSalle will represent Iron Mountain in leasing and sales transactions as well as provide overall portfolio strategy. Approximately 53 million square feet of the real estate is located in North America, and 12 million square feet across Europe, South America and Asia Pacific. The Boston-based firm’s real estate portfolio consists of office space as well as highly specialized facilities for housing secure data centers, records storage, offsite media vaulting and commercial shredding operations.
“Given our rapid global expansion over the last decade, we needed to partner with a leading global real estate firm that could not only execute the transaction work but also bring us strategic insight and consistent process to improve the management of our diverse portfolio, comprising of more than 1,000 facilities across more than 35 countries,” says Anthony Piazza, Iron Mountain’s Vice President of real estate finance and operations. “This partnership will allow our internal team to focus on our strategic priorities while leveraging Jones Lang LaSalle’s expertise and execution capabilities, gaining cost savings and other strategic advantages.
Foo Chek Yee
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