Help­ing real es­tate own­ers en­hance prop­erty val­ues

Manila Bulletin - - Property News - 2251 IT Hub Prop­erty Man­age­ment Prop­er­ties man­aged by JLL in­cludes the Net Park. Cir­cuit Cor­po­rate Cen­ter V Cor­po­rate Cen­ter En­hanc­ing Val­ues Tower 6789

Find­ing the per­fect ten­ant for the per­fect prop­erty – and vice-versa. It may sound rather sim­ple. But for Jones Lang Lasalle (JLL), a lead­ing real es­tate ser­vice provider in the coun­try, it’s a busi­ness they take se­ri­ously.

JLL, which prides it­self for hav­ing trans­acted two-thirds of the world’s tallest build­ings, has a pool of real es­tate pro­fes­sion­als who are equipped to help both sides of the fence: the de­vel­op­ers who are on search for ten­ants who will oc­cupy their spa­ces and the lessees who are on the hunt for new places to set up their busi­nesses.

But be­fore they even fill up the spa­ces, JLL ex­plained they can ac­tu­ally give real es­tate de­vel­op­ers ad­vice while their plans are still on the draw­ing board.

Ac­cord­ing to JLL Re­gional Di­rec­tor and Head of Project Leas­ing Sheila Lo­bien, “JLL can give tips to de­vel­op­ers on what types of spa­ces are most en­tic­ing – and how much ten­ants are will­ing to shell out for it. What fol­lows is a well-thought out strat­egy that we ex­e­cute so we can give ten­ants the best lease terms pos­si­ble with the goal of re­tain­ing them for a long time.”

At present, JLL’s clients are di­verse – from big play­ers such as Ayala Land, Vista Land, Wil­con, SM and The Net Group, to the bou­tique own­ers such as the ones com­prised of Chi­nese busi­ness­men who are look­ing at di­ver­si­fy­ing their busi­nesses to in­clude real es­tate in­vest­ments in Boni­fa­cio Global City and Makati.

Af­ter fill­ing the spa­ces with ten­ants, JLL can make life eas­ier for de­vel­op­ers as well as they also of­fer their ex­per­tise in han­dling the day-to­day op­er­a­tions of the build­ings they over­see. Prop­erty Man­age­ment, an­other es­sen­tial busi­ness tool of JLL, han­dles the core of the com­mer­cial prop­er­ties un­der their wing – such as en­gi­neer­ing ser­vices, se­cu­rity, energy man­age­ment, sus­tain­abil­ity prac­tices, bud­get, main­te­nance and up­keep of ba­sic equip­ment such as el­e­va­tors, main frames and gen­er­a­tors.

JLL cur­rently han­dles 1.2 bil­lion square feet of prop­erty and com­mer­cial real es­tate world­wide.

JLL As­so­ciate Di­rec­tor and Head of Prop­erty Man­age­ment for the Philip­pines, Henry Tor­re­mo­nia, said that they also con­tin­u­ously tai­lor-fit their busi­ness model to suit a par­tic­u­lar client’s chang­ing re­quire­ments.

He noted that JLL is re­lent­less in com­ing up with solutions that are sure to help real es­tate own­ers re­duce their op­er­at­ing costs and en­hance prop­erty val­ues — while keep­ing the work en­vi­ron­ment of their ten­ants con­ducive and up-to-par.

“Over the years, JLL has gone be­yond merely be­ing an agent to be­ing more of an ad­vi­sor who has uti­lized our wealth of knowl­edge of the real es­tate mar­ket and ex­per­tise on best prac­tices and trends to con­tin­u­ously en­gage our clients,” he said.

For her part, Lo­bien said that real es­tate de­vel­op­ers get JLL’s in­te­grated Prop­erty Leas­ing and Man­age­ment ser­vices.

She noted that this will has­ten their work of pro­vid­ing their clients the best pos­si­ble solutions as JLL’s in-house teams are able to col­lab­o­rate more ef­fi­ciently.

With a global player like JLL at the helm of prop­erty leas­ing and man­age­ment, Lo­bien added that clients can free up their minds on find­ing oc­cu­pants and run­ning their day-to­day op­er­a­tions and fo­cus, in­stead, on grow­ing their busi­nesses.

“In a way, JLL is al­ready play­ing a role in na­tion build­ing. When there is a new build­ing and we are able to fill up the spa­ces quickly with new com­pa­nies, it is al­most cer­tain that their next step will be to look for Filipino tal­ents. This re­sults in job cre­ation – a key fac­tor in boost­ing the coun­try’s econ­omy and progress,” she con­cluded.

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