JLL forms strategic alliance with Greenland Property

HONG KONG, 05 June 2018 – JLL and Greenland Property announced a strategic alliance to partnership of deepen their cooperation in commercial properties management, especially super tall buildings.

Present at the event were senior executives from both parties, including: Feng Xin, Vice President of A-Living Group; Diao Xiaojun, Managing Director of Greenland Property; James Wong, Head of Property and Asset Management for JLL Greater China; Eric Lee, Operation Director for Property and Asset Management for JLL Greater China; and Chris Cheung, Business Development Director for Property and Asset Management for JLL China.

Greenland Property is a well-known property management company in China. In June 2017, A-Living Group—a subsidiary of Agile Group Holdings Ltd.—bought 100 percent shares of Greenland Property, the property management unit of Shanghai-based developer Greenland Holdings Group.

JLL is the largest commercial property and asset management service provider in Greater China, with over 11,000 professionals currently managing more than 67 million sqm properties in the region.

Under this partnership, JLL and Greenland Property holds a unique value proposition in the super tall buildings management field. As the super tall projects have been in China only for less than ten years, the market is generally still in its initial stage, lacking mature and systematic management experience. Operation and management has been the key to the success of super tall buildings. Quality property management services will bring a huge boost to the operational value of super tall developments. That is why the two parties have cooperated—to fully capitalize on the potential of this market.

On the strategic alliance, A-Living's Feng Xin said: "Committed to providing first-class services, A-Living is the only company in China's property management industry that has been endorsed—at the same time—by two leading real estate developers. Additionally, management services for commercial properties—especially for super tall buildings—are a hard nut in the industry. Yet, through cooperation with JLL, we will undoubtedly further improve the quality of our property management services."

Highlighting JLL's strength and rich experience in property management field, Greenland Property's Diao Xiaojun said: "We attach great importance to this, and believe that both sides will work together to complement each other's resources and continuously deepen the value of management services for commercial properties and super tall buildings."

JLL, a member of the Council on Tall Buildings and Urban Habitat (CTBUH), has provided property and asset management services to two thirds of the world's highest 21 super tall buildings and served many landmark super tall buildings in mainland China, which includes: Ping An Financial Center (Shenzhen), Chung Nam Centre (Suzhou), Jinmao Tower (Nanjing), China Zen (Beijing), Guangzhou IFC, Spring Eye (Kunming), and World Financial Center (Chongqing).

JLL's James Wong said, "Our team has a large number of experts in the region and is able to fully utilize our talent resources to serve clients across China and globally. And our advanced information and technology platform can provide clients with relevant parameters for benchmarking. In addition, the company has set up the Super Tall Building Management Committee which allows a wide range of information and best practices sharing on a regular basis for higher efficiency and standard."

"JLL will fully apply its knowledge and experience in commercial property and super tall buildings to realize the property management strategy of Greenland Property, jointly maximizing the projects' asset value," JLL's Chris Cheung added.

Greenland Property and JLL's first project under the strategic alliance is the iconic Wuhan Greenland International Finance Center, the coming tallest building in Central China.