Real Estate

Global IT Outsourcing Company

The Brief:

global it outsourcing company
Client is a global leader in IT outsourcing solutions
Johnson Controls selected to provide transaction management, lease management, lease administration, strategic planning & mapping/demographics services

Challenges:

  • Property portfolio of 12.5 million square feet in 450 locations
  • Previously decentralized real estate, with 8 autonomous business units

Solutions:

global it outsourcing comp 2
  • Centralized lease information
  • Opened communication channels between business groups
  • Disposed nearly 1 million square feet of surplus space
  • Proactively renewed leases

Results:

  • Savings realized $250 million
  • Reduced vacancy rate to below 2 per cent
  • Secured lower lease rates

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