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News Release

Beijing

China’s Airport Industry Setting New International Heights

Jones Lang LaSalle’s re-appointment as partner by Beijing Capital Airport Property Management brings proven PM consultancy services to growing infrastructure sector


Jones Lang LaSalle (NYSE: JLL) today announced that it has been selected by Beijing Capital Airport Property Management Co Ltd (CAPM) to provide property management consultancy services for the city’s Capital Airport building. The Beijing Capital Airport building functions as the operation center of Beijing Capital Airport Holdings, which serves the prestigious Terminal 1, 2 and 3 – the largest passenger airport of China. This appointment marks the third cooperation between Jones Lang LaSalle and CAPM, following previous partnerships in 2008 and 2009.

According to official reports from Airports Council International (ACI), in 2010 Beijing Capital Airport jumped to second place – after Atlanta International Airport – in terms of passenger handling capacity, and ranked number four in customer satisfaction rate among all the AC airports in the world. Moreover, Journal of Civil Aviation Administration of China (CAAC) points out that China is set to spend USD 17.4 billion over the next five years for the expansion of its airport infrastructure; by end-2010, mainland China will have about 186 airports, up from 142 at the beginning of 2010, and 1,580 commercial aircraft fleets. By 2020, and in response to increasing demand, China's three largest airports, Beijing, Shanghai and Guangzhou, will be upgraded and expanded to maintain their roles as China's international air passenger and cargo hub.

“We are delighted to be entrusted by CAPM to offer our full on-site property management consultancy services for the Capital Airport building,” said Cyrus Cheng, Head of Property Management at Jones Lang LaSalle North China. “As the Core of the Beijing Capital Airport, Capital Airport building plays an instrumental role in linking China to the rest of the world, and we hope our services can raise the bar, and add value to China’s infrastructure development.”

The Capital Airport building is an important hub for Beijing Capital Airport, housing some important companies which support the day-to-day operations and backbone of Beijing Capital International Airport (BCIA). These companies include Beijing Capital International Airport, Beijing Bowei Air Facilities Management Co Ltd, Capital Aviation Distinguished Guests Services Management Co Ltd, Beijing Aviation Ground Services Co Ltd, Capital Jet Co Ltd, Police Bureau, and several engineering and financial corporations – among others. Jones Lang LaSalle’s services for the Capital Airport building include providing full management consultancy services and leasing consultancy services.

 “Jones Lang LaSalle’s property management services are the best in the region, and we’ve been impressed by the team’s dedication to deliver accountable results,” said Liu Xiru, General Manager of CAPM. “Their re-appointment as the sole property management partner for the Capital Airport building will help bring international standards to a rapidly growing industry in China.”

In addition to the Beijing International Capital Airport, Jones Lang LaSalle’s property management team has also managed other landmark infrastructures and buildings, such as the iconic Bird’s Nest Stadium (during the 2008 Beijing Olympic Games), Guangzhou’s International Finance Center (one of the ten tallest buildings in the world), and Shanghai’s Port International Cruise Terminal (first integrated Township Management appointment in China). Additionally, the firm’s property management services are prevalent in many Grade A commercial buildings and luxury residences throughout the country.