REAL ESTATE NEWS EXCHANGE
JLL has formed a national strategic partnership with commercial real estate service providers from three different Canadian regions where it doesn’t have corporate offices or licensing.
Capital Commercial Real Estate Services Inc. is based in Manitoba, ICR Commercial Real Estate is in Saskatchewan and Partners Global Corporate Real Estate covers Atlantic Canada.
“Our attention over the short term has been to concentrate on major markets,” said JLL Canada president Brett Miller. “However, some of our national and international clients need representation in these additional provinces, so we turned to the best-in-class local firms to partner with us.
“We have a long history with them, they hold deep market knowledge and also demonstrate JLL’s core values of excellence, integrity and teamwork.”
JLL has presence around the world
JLL has more than 280 corporate offices in more than 80 countries and has a global workforce of more than 60,000. It provides management and real estate outsourcing services for a four-billion-square-foot portfolio and completed $138 billion in sales, acquisitions and finance transactions in 2015.
The three new partnerships will allow JLL to better service clients in the respective regions and expand its brand.
“Our strategic partners will help JLL through impeccable service delivery in their niche markets,” said Miller. “In turn, JLL will provide them access to a global network and best-in-class tools and technologies.
“The teams will work collaboratively on assignments, share revenues from those assignments and pursue business in a synergistic manner.”
Capital, ICR and Partners
Capital Commercial is based in Winnipeg and provides: retail, office and industrial sales and leasing; investment property sales; and development services. It also provides professional property management services through Capital Property Management.
ICR was founded in 1993 and is Saskatchewan’s largest privately owned real estate company. It has four offices in Saskatoon and Regina and also services the province’s smaller markets. ICR employs more than 120 people and manages more than $2 billion in real estate assets for its clients. The firm specializes in selling and leasing commercial properties and is known for its expertise in commercial development and repurposing existing buildings.
Partners Global was founded in 2003 in Halifax by Larry Sowerby and Brian Toole. It has since opened New Brunswick offices in Fredericton, Saint John and Moncton as well as a Newfoundland office in St. John’s. Partners Global has leased in excess of six million square feet of commercial office space and sold commercial real estate valued at more than $100 million. The company has extensive experience in: tenant and build-to-suit advisory services; leasing; sales; and site selection.
“These partnerships were not created overnight,” said Miller. “They developed through years of successful shared transactions, client service and friendship.”
by: Steve McLean