INDIANAPOLIS, March 15, 2011 /PRNewswire/ -- Rolls-Royce, a global provider of integrated power systems and an industry-leading aircraft engine-maker has finalized a long-term leasing agreement to occupy 404,000 SF of office space in the former Eli Lilly Faris campus at 450 S. Meridian Street, now to be called the Rolls-Royce Meridian Center, it was announced today.
Rolls-Royce, represented in negotiations by a UGL Services-Indianapolis team led by Senior Vice Presidents Michael Cook and Dave Byard and assisted by Vice President Eric Steiner, will consolidate 2,500 office employees to the Central Business District from six Indianapolis locations within the region into the Rolls-Royce Meridian Center campus beginning in April, 2011.
Eli Lilly's $58-million Faris campus was constructed in 2001 and opened a year later. But in 2010, Lilly reduced staff and relocated 1,000 employees to other locations.
The UGL Services team represented Rolls-Royce through every step of the process from preliminary site selection, definition of total term occupancy and capital costs, through lease negotiations with Lilly and the procurement of an economic incentive package. In addition, UGL Services provided Project, Construction and Facility Strategy services and on-going real estate consultancy.
"Certainly the Rolls-Royce campus project was one of the more complex and rewarding assignments that we, as a Company, have been involved in," commented Cook. "The challenges were many, but within the context of advising a company of the quality of Rolls-Royce through a culture-changing event such as this one, our entire Indianapolis team shares a remarkable sense of pride and accomplishment for our client and the high quality workplace environment this will create. This was not only an extremely cost effective, initial term occupancy opportunity, but it provides a long term low-cost solution for 2,500 employees."
Final terms of the agreement were not disclosed.
About UGL Services
UGL Services is a division of UGL Limited that provides Corporate Real Estate (CRE) and Facility Management (FM) solutions around the world. In North America, UGL Services delivers best-in-class, day-to-day facilities maintenance and management services, as well as industry-leading business real estate brokerage and consulting services. The comprehensive service platform enables UGL Services customers to delegate key facilities and real estate functions to a single entity to realize operational and strategic benefits. For further information about UGL Services in North America, call 312-424-8000 or visit www.ugl-equis.com
About UGL Limited
UGL Limited (ASX: UGL) is an engineering, maintenance and facilities services company operating in the water, power, transport, communications, resources and property sectors. It consists of four divisions – UGL Infrastructure, UGL Rail, UGL Resources and UGL Services. Headquartered in Sydney, Australia, UGL Limited operates in Australia, New Zealand, Asia, North America and the Middle East employing approximately 44,000 people. For more information, visit www.ugllimited.com.
SOURCE UGL Services