Global Lighting Partnership to Lead Transformation in Corporate Real Estate

SINGAPORE, September 26, 2012 /PRNewswire/ --

• Industry leaders partner to deliver energy-efficient Philips lighting solutions to Jones Lang LaSalle clients
• Partnership provides platform to drive sustainable transformation in energy use in global commercial real estate markets

Royal Philips Electronics (NYSE: PHG, AEX: PHIA), the global leader in lighting and Jones Lang LaSalle, (NYSE:JLL), the global financial and professional services firm specializing in real estate, 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.

"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."  

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."

"The agreement can offer energy savings of up to USD 100million a year for Jones Lang LaSalle clients in Asia Pacific, changing the way commercial and industrial interiors are illuminated. 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," said Raphael.

Both companies will also provide consultancy on energy management with intelligent lighting solutions and controls with new and existing customers.

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 http://www.philips.com/newscenter.

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 $47.2 billion of assets under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 22,200 employees operating in 79 offices in 14 countries across the region. The firm was named 'Best Property Consultancy' in nine Asia Pacific countries at the International Property Awards Asia Pacific 2012, in association with HSBC, and was highly commended in a further three countries. For further information, please visit http://www.ap.joneslanglasalle.com or 200 East Randolph Drive Chicago Illinois 60601 | 22 Hanover Square London W1A 2BN | 9 Raffles Place #39-00 Republic Plaza Singapore 048619

Royal Philips Electronics
Contact: Elvin Ong
Phone:    +65-9829-2055
Email: [email protected]  

Jones Lang LaSalle
Contact: Zina Zhang
Phone: +65-8423-3744
Email: [email protected]

SOURCE Philips