93% of Chinese companies expect to grow domestic real estate portfolios in 2012; 15% anticipate international expansion

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• Publié par: jones-lang-lasalle-singapore
• Nombre de lectures: 19
• Langue: English

Extrait

93% of Chinese companies expect to grow

domestic real estate portfolios in 2012; 15%

anticipate international expansion

PR Newswire

SINGAPORE, July 11, 2012

- Business growth and cost control driving corporate real estate strategies

according to Jones Lang LaSalle's inaugural survey of Chinese corporations

SINGAPORE

, July 11, 2012 /PRNewswire/ -- A new survey from Jones Lang

LaSalle shows that Chinese firms are increasingly embedding corporate real

estate (CRE) strategies into their businesses and embracing outsourcing,

mirroring overseas trends in response to organic growth, M&A activity and cost

pressures.

Key findings from the survey, 'The Dragon is Stirring':

The most influential factors shaping CRE strategies in

China

are cost pressure (53%)

and organic growth (47%)

93% of firms expect to grow their real estate portfolio in

China

, and 15% of those also

anticipate international expansion

Where present abroad, 13% have a foothold in

South East Asia

(16% targeting), 11%

are in

Australia

and

North America

(13% and 19% targeting respectively) and 13% are

targeting

Europe

Future location decisions in

China

will be driven by business criteria (50%), incentives

(42%) and costs (38%)

More than half (53%) are considering strategies that enable mobile working to increase

productivity and improve workspace utilisation (50%) and to attract and retain talent

(32%)

We will see a dramatic shift toward outsourcing – 70% are considering adopting a mix

of in-house and outsourced CRE delivery within three years; a further 10% are

considering fully outsourced delivery from none in 2011

CRE structures are gradually transforming – a quarter of firms surveyed have

established a dedicated CRE department and more than half have a CRE strategy in

place today

John Forrest, CEO of Corporate Solutions, Asia Pacific at Jones Lang LaSalle

said: "Large Chinese corporations are recognising that strategic real estate

management can positively impact their business productivity, from cost

control to employee satisfaction and brand image. Domestic and overseas

expansion plans are the most powerful drivers shaping CRE structures and

strategies. Looking ahead we expect to see CRE play an increasingly pivotal

role as more Chinese firms will have strategies in place, more will have

dedicated CRE teams and the C-suite will engage further."

Notes to editors

1. Download the

full report

(including survey details)

2. Download

infographic

Jones Lang LaSalle

(NYSE:JLL) is a financial and professional services firm

specializing in real estate. The firm offers integrated services delivered by

expert teams worldwide to clients seeking increased value by owning,

occupying or investing in real estate. With 2011 global revenue of

$3.6bn

, Jones

Lang LaSalle serves clients in 70 countries from more than 1,000 locations

worldwide, including 200 corporate offices. The firm is an industry leader in

property and corporate facility management services, with a portfolio of

approximately 2.1bn square feet worldwide. LaSalle Investment Management,

the company's investment management business, is one of the world's largest

and most diverse in real estate with

$47.2bn

of assets under management.

www.ap.joneslanglasalle.com

Contact:

Madeleine Little

Phone:

[phone]

Email:

[e-mail]

Reference:

AP071