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CHICAGO-Jones Lang LaSalle, Inc. has landed a five-year management contract with Procter & Gamble Co. that could be worth $700 million over the term of the deal. The real estate firm will oversee about 13.8 million sf of the Cincinnati-based consumer products giant’s assets, including remodeling and furnishing.

In addition, Jones Lang LaSalle picks up 600 employees who formerly worked for Procter & Gamble’s global business services unit to handle the workload. The contract includes property in 60 countries on six continents, and Jones Lang LaSalle has spent the past year trimming its work force.

“Jones Lang LaSalle is known throughout the industry as a great place to work, a collaborative business partner and a trusted real estate advisor,” says Procter & Gamble’s global business services manager Filippo Passerini in a statement.

“This is one of the most global portfolio approaches to facilities and project management services the real estate industry has seen,” says Jones Lang LaSalle president and CEO Christopher A. Peacock in a statement.

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