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News Release

CHICAGO, IL

Jones Lang LaSalle global lighting partnership to lead transformation in corporate real estate

Partnership provides platform to drive sustainable transformation in energy use in global commercial real estate markets


CHICAGO,  Oct 1, 2012 – Jones Lang LaSalle, (NYSE:JLL), the global financial and professional services firm specializing in real estate and Royal Philips Electronics (NYSE: PHG, AEX: PHIA), the global leader in lighting, have entered into a partnership agreement to deliver energy-efficient lighting and energy management solutions to all Jones Lang LaSalle clients.

This is the first time two leaders in the corporate real estate and lighting industries are working together on this scale to change the way commercial and industrial interiors are illuminated with LED and energy-efficient solutions. The global agreement starts in Asia Pacific and will be scaled up to cover the Americas, Europe, Middle East and Africa.

The agreement can offer energy savings of up to $100 million a year for Jones Lang LaSalle clients in Asia Pacific. In Asia Pacific alone, Jones Lang LaSalle manages more than 70 million light points for over 150 corporate clients. Given the global scale of the partnership, this has the potential to drive significant energy savings as approximately 40 percent of electricity consumption in buildings is related to lighting.

Michael Raphael, Head of Supply Chain Management and Procurement for Jones Lang LaSalle, said: “Jones Lang LaSalle is pleased to partner with Philips to present a global lighting solution to companies worldwide. This agreement has the potential to drive environmental change while meeting corporate aspirations to move to LED and other low energy options. Our partnership with Philips is an important step in helping our clients to identify opportunities to lower energy usage, deliver more productive workspaces and, in some cases, obtain carbon credits.”

“Our partnership with Jones Lang LaSalle and our extensive portfolio in lighting solutions will allow us to help drive the adoption of energy-efficient and sustainable lighting solutions on a large scale in the commercial real estate space,” said Harjit Gill, Chief Executive Officer for Philips in ASEAN & Pacific. “This partnership will further demonstrate our capabilities to manage global lighting consultancy services to maximize value for our customers.” 

Both companies will also provide consultancy on energy management with intelligent lighting solutions and controls with new and existing customers. In a pilot scheme, Jones Lang LaSalle and Philips offered an international banking firm a 30 percent cost reduction on supply and installation of LED lighting across 10,000 square feet of office space. This initiative will increase energy efficiency and deliver estimated cost savings exceeding $300,000 over 10 years.

For more news, videos and research resources on Jones Lang LaSalle, please visit the firm’s U.S. media center Web page. 

About Jones Lang LaSalle
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 $3.6 billion, 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 2.1 billion 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 billion of assets under management. For further information, please visit www.joneslanglasalle.com.

About Royal Philips Electronics
Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2011 sales of EUR 22.6 billion and employs approximately 122,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming, home and portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.