A leading sports retailer sprinted ahead of the competition by partnering with JLL to get their global lease administration system in top shape. This collaboration resulted in game-changing achievements: a 72% reduction in unconfirmed lease options, 100% consistency in retail-specific data across 1,500+ leases and a robust foundation for strategic portfolio management.
Managing an expansive global portfolio, this major sports retail company faced significant challenges due to decentralized management. Inconsistent data across regions hindered strategic decision-making, with key issues including:
- 14% of lease records past expiry date
- 29% of lease options with unconfirmed status
- Incomplete retail-specific clause data
- Risk of involuntary lease extensions and terminations
- Potential overpayments due to imperfect turnover rent monitoring
These issues exposed the company to financial risks, potential overpayments and missed cost-saving opportunities.
Game-changing lease administration, made possible by JLL
Is your global retail portfolio fumbling with inconsistent lease data? Don't let your business get sidelined! Team up with JLL's lease administration services to create a single source of truth for your portfolio data. We'll help you develop a championship strategy, driving efficiency, reducing risk and sharing strategic insights that will keep your business in the lead.