International. JLL announced that it will bring together all building operations groups to address client needs and the changing dynamics of the real estate industry.
"In addition to the benefits of operating and reporting similar service offerings together, we expect greater synergy and enhanced client value by aligning real estate management activities globally," said Christian Ulbrich, JLL's chairman and chief executive officer. "This is a prime example of our ongoing commitment to adapt to better serve the changing needs of our customers."
In addition, JLL plans to accelerate the construction of its digital leasing platform. "We continue to invest in our platform and technology to support our customers at every stage of the lease lifecycle, from transaction and lease management to workplace and portfolio analysis," said Ulbrich.
As a result of these changes, effective January 1, 2025, JLL will report on the property management business under the direction of Neil Murray, CEO of Work Dynamics. In the future, the Market Advisory segment will become Lease Advisory. The composition of JLL's Global Executive Board has not changed.
JLL is committed to ensuring a smooth transition process for its customers, employees and partners.
