JLL acquires management company in the Philippines
Global real estate consulting firm JLL has acquired JCL International, a Philippine company that provides project management and construction services.
Established in 2002, JCL is located in Manila and has more than 40 employees, including architects, engineers and construction personnel with local and international experience. Its team is led by senior partners John Morgan and Calum Swinnerton, who have both been involved in the construction industry for more than 30 years.
The company handles both domestic and international projects. Some of the projects include Citibank Plaza, Net Lima Building, Net Park Building, Raffles Hotel Suites and Residences & Fairmont Hotel in Manila; Philam Life Center in Cebu; and Barclays Capital in Singapore and Jakarta.
The Philippine economy continues to expand and, according to a recent World Bank report, will record growth in excess of 6 percent per year until 2019 on the back of infrastructure program and a burgeoning Business Process Outsourcing (BPO) sector. With stable demand for office space, particularly from technology and professional services firms, the real estate and construction sectors continue to experience steady growth.
JCL services that will be incorporated into the JLL business include project management, construction management, cost and claims management, procurement management, design management, building audits and consultancy, energy management and audit, move management, management of testing and commissioning, and client management.
The company will operate as “JCL International – A part of the JLL network” during an initial transition phase. Both Morgan and Swinnerton will report to Henning Badenhop, managing director, project and development services, South East Asia, JLL.
