JLL Chosen As Exclusive Real Estate Service Provider For Desjardins Group
- Aug 19, 2014
Chicago, Ill.—Desjardins Group has chosen JLL to provide multiple real estate services for the group’s 600,000-square-foot corporate office portfolio located in Ontario, the Atlantic provinces and Western Canada.
“Desjardins are an iconic brand in the Quebec province, the largest financial institution, the equivalent of a Coke or GE or an IBM in the Quebec market, so it’s a very prestigious group to work with,” Brett Miller, president of JLL’s Canada operations, told Commercial Property Executive. “It’s a big win for us. It allows us to deliver services to them and I believe we are a very good fit for their needs.”
Under terms of the deal, JLL will provide North America’s largest cooperative financial group with integrated facility management, project development and transaction services for all of the company’s assets outside the province of Quebec.
JLL has helped Desjardins in the past with transactions and management, but this partnership is more strategic, according to Miller, as the partnership will provide lease administration and occupancy planning for the entire Canadian portfolio.
“It was a very centralized company and we worked with them closely in putting together a strategy on how they could consolidate their operations and run efficiently and effectively,” Miller said. “In the short term, our efforts are quite tactical—it’s consolidating their information, putting in place technology and overall structure to management and looking at some efficient processes and best practices. It’s absorbing the information they have, understanding it, and putting it in our systems and technology.”
According to Viviane Garneau, Desjardins’ managing vice president, procurement and real estate services, JLL was selected for its expert advice and innovative real estate technologies in support of Desjardins’ change management and occupancy planning strategies.
“As our organization grows, we require the very best real estate solution to help maintain our momentum and support our growth,” she said in a company statement. “JLL brings extensive global banking and management experience, as well as a leading technology platform that will help us maximize our service, efficiency and workplace productivity.”
Desjardins Group is the fourth largest cooperative financial group in the world with assets of $223 billion.
With annual fee revenue of $4 billion, JLL has more than 200 corporate offices and operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013.