The Canadian division of Jones Lang LaSalle Inc. is set to become the prime commercial real estate services company in the nation, by tapping tech to propel growth.
Brett Miller, JLL Canada's CEO recently stated in an interview that the company is doing its research in blockchain leases, referring to a digitized, distributed ledger technology. “The whole process that used to be done manually, of identifying clients’ needs, coming up with a fit plan, surveying the market, touring the market, making offers -- well, that’s got streamlined with all sorts of technology,” said Miller.
JLL has developed a tool called Blackbird, “a Google Earth on turbo,” as Miller put it, which displays the company’s databases as a 3-D map, and launched an international venture fund to invest up to $100 million in companies that use technology to improve protocols ranging from development and investing to leasing and management.
JLL Canada, based in Toronto, has grown tenfold to over 1,500 employees since Miller became CEO in 2012, he said at Bloomberg’s Toronto bureau earlier this month. It has increased its revenue by 1,000 percent, he said, declining to disclose the figure itself, and aims to surpass the Canadian units of CBRE Group Inc. and Cushman & Wakefield Inc.
“We’ve had a massive ramp-up, and our objective is JLL being No. 1 in the marketplace and the most comprehensive service provider,” he said.
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