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News Release

MIPIM, Cannes

Jones Lang LaSalle research pinpoints key issues for corporate real estate

MIPIM, Cannes, 16th March 2010 – Aligning real estate portfolios with true business requirements will be the hallmark of best in class Corporate Real Estate (CRE) teams over the next decade according to new research from Jones Lang LaSalle.  However, the implementation of a portfolio planning approach can be challenging, time consuming and constrained by a range of issues. 
Shelley Frost, European Director of Jones Lang LaSalle’s Corporate Solutions team, said: “Presently CRE teams have a tremendous opportunity, through a more constructive dialogue between themselves and the wider business, to change the culture of real estate acquisition and utilisation forever.  We believe the status, positioning and contribution of all CRE teams can be bettered – primarily through a concerted effort at adopting or adapting a portfolio planning approach.”
The best laid plans: Achieving best practice in portfolio planning, Jones Lang LaSalle’s new white paper, explores how portfolio planning can be practically applied and highlights the key factors necessary to ensuring successful implementation.   
The research:
* Defines a portfolio planning based approach to Corporate Real Estate.
* Introduces Jones Lang LaSalle’s Portfolio Planning Diagnostic and consideration of 10 key issues that can influence adaptation or adoption.

* Showcases some of the tools that can be applied or employed to generate strong portfolio plans and re-set the strategic contribution of the CRE function.
Lee Elliott, Director in Jones Lang LaSalle’s EMEA Research team, concluded: “We recognise fully that the evolutionary path that CRE teams find themselves on, their structures and mandates vary markedly.  We have therefore developed a diagnostic tool which highlights the key issues that CRE teams must consider in adopting or adapting a portfolio planning approach.  The tool provides a practical means by which to assess current preparedness and identify those challenges that need to be overcome.”