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

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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,

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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:
+65-6494-7003
Email:
madeleine.little@ap.jll.com
Reference:
AP071