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News Release


Thales Group awards global real estate mandate to Cushman & Wakefield and JLL

Contract covers transaction, valuations and capital markets services

LONDON, November 30th, 2015 – Cushman & Wakefield and JLL have been jointly appointed on a global contract to provide real estate services for Thales, a global leader in the defence, security, space, aerospace and ground transportation industries.

The mandate covers transaction management, property valuation and capital markets services in all Thales countries outside France. Thales Group reported sales of €13 billion in 2014 and has 61,000 employees across 56 countries.  Its global property portfolio exceeds 1.4 million sq m of office and industrial space.

Michael Creamer (Cushman & Wakefield), and Peter Honey and Benoît Delattre (JLL) will coordinate the various activities globally.

Michael Creamer, Head of Enterprise Sales in Cushman & Wakefield’s Global Occupier Services team, said: “Thales is an extremely innovative and successful company and we are excited about working with them to execute a global real estate strategy that can deliver genuine benefits at every level of their business.”

Benoît Delattre, Head of Strategic Consulting, JLL France, said: “JLL has a long, positive track record of working with large, multinational companies to help them solve their real estate challenges and bring new and innovative ideas to the table. We look forward to supporting Thales’ Corporate Real Estate Department as it seeks to continue to enhance its contribution to the performance of the Group. Thales decision demonstrates a forward-looking mind set amongst companies that are recognising the benefits and efficiencies that can be achieved through proactively managing their real estate portfolios.”

Steve Davies, Director, Global Real Estate Strategy for Thales commented, “Optimisation of our global real estate portfolio is a critical component of our Ambition 10 business growth & competitiveness programme. I believe that in this innovative approach - which will see C&W and JLL work closely together to provide a comprehensive suite of world-class services focused on delivering both significant value to our operating companies and modern work environments for our people - we have selected two of the giants of the commercial real estate world, who have an excellent strategic, cultural and geographical fit with Thales.”

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit or follow @CushWake on Twitter.

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.