Major Western Australian Government Portfolio Sell-Off

Two large property portfolios, covering more than 140,000 square metres, have been awarded by State and Commonwealth Governments to global property services firm

JLL.

Spanning Western Australia, Cocos Island and Christmas Island, the portfolios include 45 individual properties.

JLL will manage the Department of Finance, Building Management and Works State Government owned portfolio which includes 19 multi-tenanted office buildings, covering more than 90,000 square metres.

In addition to this, JLL was reappointed to manage the Commonwealth Government owned Indian Ocean Territories portfolio, which comprises 26 properties, including 12 on Cocos Island and 14 on Christmas Island.

Spanning 50,000 square metres, The Indian Ocean Territories portfolio features a diverse range of property types including commercial office buildings, a law court, and other special purpose properties, public interest properties, heritage buildings, and vacant land.

JLL has been managing the Indian Ocean Territories portfolio on behalf of the Government for the past nine years.

The two contracts will commence on 1 January 2015 for an initial term of three years, and will involve the provision of strategic advice, contractor management, lease administration, facility management services, procurement, environmental management, project management, financial services and reporting.