New model will ensure continued access to best-in-class services for clients
News release
15 May 2023
Value Solution Partners and JLL enter into partnership agreement in Türkiye
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LONDON, 16 May 2023 - Global real estate firm JLL (NYSE: JLL) and Value Solution Partners announced today that they have entered into a preferred partnership to provide comprehensive real estate services in Türkiye. JLL will transfer its existing Capital Markets, Retail Leasing, Retail Property Management, Office Leasing, Tenant Representation, Logistics and Project Management delivery businesses in Türkiye to Value Solution Partners.
The current leadership team in Türkiye will operate the business, focusing on growth ambitions locally. The partnership between JLL and Value Solution Partners will ensure continuity and quality for clients. The model aligns with JLL’s strategy of maintaining best-in-class client service while increasing its focus on scaling opportunities in specific markets.
JLL will retain its Workplace Management business (IFM), offering integrated facilities management services for its accounts.
Tarkan Ander and Dora Sahinturk, as former co-CEOs of JLL Türkiye and founders of Value Solution Partners, said: “This partnership is the result of extensive collaboration with JLL leadership to arrive at the optimal model. It allows Value Solution Partners to build on JLL’s leading capabilities with a strong focus on local market opportunities while continuing to serve existing clients with great diligence and care. The agreement enables us to develop our current operations with speed and agility, responding to market needs.”
Thierry Delvaux, Chief Executive Officer, Middle East, Africa and Türkiye, JLL, said: “We are excited about the opportunity to continue servicing clients through this preferred partnership model, backed by the local focus and expertise of the current leadership team. Together with Value Solution Partners, we are committed to continue providing top quality services and solutions for commercial real estate requirements in this market. We look forward to working with Tarkan, Dora and the team at Value Solution Partners to ensure a smooth transition.”
The partnership is expected to become effective by the end of May with the integration taking place over the coming months.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Value Solution Partners
Value Solution Partners (VSP) is a real estate services company founded by Dora Şahintürk and Tarkan Ander and headquartered in İstanbul, providing a full suite of services in Türkiye comprising Capital Markets, Retail Leasing and Retail Property Management business, Office Leasing, Tenant Representation, Logistics and Project Management delivery businesses. As a JLL Preferred Partner, our aim is to provide the best service to our clients, adding value both locally and globally with sustainable projects by examining every detail without moving away from the main target in all areas we operate. VSP will continue to be the reference point of real estate in Türkiye. With plans to grow its market leading position, it is backed by the same former JLL leadership team, and along with its preferred partner status, will continue to service corporate and investor clients with their local real estate needs.