July 2020
Bogotá, Colombia
Real Estate
Service Proposal
Tenant Representation
New Lease Acquisition
Tenant Representation
Our Team
Compensation Structure
About us
Global presence
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 94,000 as of March 31, 2020.
Jones Lang LaSalle Limitada (Ltda), JLL, has been present in Colombia since 2000, with four business' lines: Transactions, Project and Development Services, Facilities Management and JLL Hotels.

JLL is the trade name, and a registered trademark, of Jones Lang LaSalle Incorporated
A Company
Fortune 500
With presence in +80 countries
R.E Professionals
JLL employees
Full Service Office
Key Markets
Bogota - Medelllin - Cali - Barranquilla -Bucaramanga
Global presence
Colombia overview
Awards and Recognitions
From all our accomplishments, we are proud of our team excellence, the opportunities for personal growth that we provide to our people, and the contributions we give to our communities.
  • The International Property Awards has named JLL the Best Property Consultancy in Central & South America eight years in a row between 2012 – 2020.
  • Latin America N°1 Real Estate Advisor and Consultant at the Euromoney Real Estate Awards 2016, 2018 and 2020
  • World's Most Ethical Company by Ethisphere twelve years in a row 2008 – 2020
  • One of the World's Most Admired Companies by FORTUNE magazine in 2008, 2015 – 2019.One of the Working 100 Best Companies by Working Mother Magazine, 2017, 2018 and 2019
  • LinkedIn Top Attractor - Where the world wants to work now, 2017, 2018 and 2019.
  • Fortune 500 since 2015.
Transactions Colombia
Corporate solutions
Consulting & Valuation
Asset Services and brokerage
Capital Markets
Tenant Representation

Asset disposition

Stay versus Go

Project Structuring and feasibilities

Market Studies

Portfolio Valuation
Asset Management

Agency Leasing

Lease Administration

Stabilized assets


Land apt for greenfield or brownfield developments
Tenant Representation
Understanding of the Requirement
SCJ is looking to renew their lease, for an additional period of 3 years. Total area is 702.99 sqm.

Lease expiration date: August 26th 2021

Bogota, Colombia
Evaluate Requirement
Understanding of the requirement to jointly define search criteria.

Advise on local market standards and practices.

Provide overview of the current market conditions.


Tenant Representation
Evaluate /
Validate Requirement
1 week
Identify & Analyze
3 weeks
3 – 4 weeks*
Legal Negotiation
4 – 6 weeks*
a. Advise on market standards & practices.

b. Overview of current market conditions.
a. Survey of options "Initial Options Report".

b. Site visits.

c. Selection of key sites / shortlist.
a. Preparation and submission of non binding Letter of Intent – LOIs for lease acquisition.

b. Negotiate 2-3 final prospects in parallel.

c. Evaluation of key sites (qualitative vs. quantitative).

d. Summarize and validate information received.

e. Recommendations.
a. Support lease agreement review.

b. Ensure terms & conditions negotiated are incorporated on the lease.

c. Support final document execution.
* Times may change according to internal approval process
Identify & Analize Alternatives
1. Provide a report on existing real estate market and likely future trends to identify all potential properties considering search criteria.

2. Negative selection of the properties provided in the market survey, identifying properties for inspection.

3. Conduct required visits.
Negative selection to identify Initial Short-List.
Traditional Spaces
Shell and core – with the possibility to find an investor that finances Turnkey / Move-in-Ready delivery via OPEX

Move-in-ready / former company improvements – with a minimum of CapEx to adjust existing to your
look & feel. Also applicable via OPEX model
Flexible Spaces
As part of a Co-working brand

Personalized within a preferred building, inclusive of operation expenses
Exploring and presenting the whole market availability
Product of JLL research/ brokerage database of availabilities

Working with colleagues, to guarantee full coverage of market options
Commercial Negotiations
1. Develop lease acquisition non-binding LOIs.
2. Issue LOIs to the Landlords/Owners/Brokers of Short-Listed properties.
3. Follow up with the Landlords/Owners/Brokers to secure delivery of proposals.
4. Qualitative analysis of the properties on the initial short-list.
5. Financial analysis of offers using discounted cash flows.
6. Re-confirm the Short-List of properties.
7. Issue counter offers to the Landlords/Owners/Brokers of short-listed properties.
8. Continuous update of the qualitative and financial comparison reflecting up-to-date information on the short-list properties as well as negotiation results.
9. Conduct required negotiations to secure the best possible offers.
10. Finalize negotiations and arrange execution of LOI, if required
Legal Negotiations
1. Request initial lease drafts from the Landlord/Owner/Broker.
2. Review provided lease draft and deliver comments for client's legal advisor review.
3. Closely cooperate with the legal advisors to proceed with draft revision and required legal negotiations; participate in all legal discussions.
4. Support final document execution.
Our Experience
Our Experts: Tenant Representation
Jean-Baptiste Wettling
Colombia Office
Mr. Wettling heads JLL's transaction activities in Colombia, with focus in Agency Leasing, Tenant Representation, Capital Markets, Consulting and Research.

He is based in Jones Lang LaSalle's Bogota office and has twelve years of experience in the region. During this time, Jean Baptiste has completed several assignments for clients such as Apple, Cisco, JP Morgan, Microsoft, HSBC, Google, Xerox, Motorola, MSD, Verizon, Adidas, among others.
Mr. Wettling graduated in business management and international trade from Reims Management School in France and is fluent in French, Spanish and English.
Cindy works in transactions for Colombia. Her focus areas are Tenant Representation and Digital Marketing Strategies. She joined JLL's Bogota office in May 2017.

With 9 years of experience working in real estate segment in companies such as OPAIN and Terranum, Cindy has been involved in different real estate activities including client relationship management (tenants and landlords) and transactions for clients such as Globant, McCann, 24 – 7 Intouch, EXL, GSK among others.
In 2009, Ms. Suarez graduated in International Business Management from Universidad de La Sabana and Executive MBA from Politecnico di Milano. She is fluent in Spanish and English.
Cindy Suarez
VP Corporate Solutions Colombia Office
Natalia Ruiz Martinez
Colombia Office
Natalia works in the transactions division at JLL Colombia. She specializes in tenant representation and has been a part of the JLL team since September 2018.

During this time, Natalia Ruiz has completed several assignments for clients such as Red Hat, Hopper, Cardinal Health, Spectrum Brands, Huge, Stryker, among others.
In 2017, Natalia was an intern for Procter & Gamble in Panama as a Market Analyst.
In March 2018, Natalia graduated from Universidad del Norte, with a bachelor's degree in International Business.
Her first language is Spanish, understands Portuguese and is fully fluent in English.
Compensation Structure
Success fees for leasehold acquisition:
As per market practice, landlords are responsible for the payment of broker fees, as long as the broker is able to demonstrate the exclusive representation of a tenant.

Market fee is 2 months net rent.

For the serviced offices, the market fee is 10% of the total lease paid by the provider.

JLL will make every attempt to collect these fees from the landlord, however in the event that the landlord is unwilling to pay a full market fee, Astellas agrees to underwrite and pay any fee, or portion thereof that is not paid to JLL by the landlord or local serviced office provider.

All fees are subject to local VAT (19%).
Terms and conditions
Tenant Representation
1) Jones Lang LaSalle shall be contracted on an exclusive basis to manage the activities for the Client concerning the Tenant representation services for a period of twelve (12) months. This Agreement may be renewed for an additional six-month (6) period, if mutually agreed to by Client and Jones Lang LaSalle in writing. All prospective buyers and/or office spaces presented directly to Client if by any other party, or who contact Client directly, will be directly passed over to Jones Lang LaSalle and will be considered as a prospective buyer and/or space presented by Jones Lang LaSalle.

2) If, in the sole opinion of Client, Jones Lang LaSalle is not providing the services as described above, Client may rescind this agreement provided it advises Jones Lang LaSalle in writing with thirty (30) days' notice with no indemnification or reimbursement of costs and expenses whatsoever.

3) The additional costs for marketing materials will be paid directly by the client, once the client has approved them.

4) If upon termination of this agreement by any cause no contract for new facilities has been completed however, a contract is completed within a period of twelve (12) months after termination with any prospective building presented by Jones Lang LaSalle, then, Jones Lang LaSalle will be entitled to receive the fees stipulated above under the same terms and conditions. For purposes of this clause upon expiration Jones Lang LaSalle shall provide a list of its prospective buildings.

5) Professional services such as legal, engineering and architectural services are not part of this proposal. If these services are required during the process, they will be contracted directly by Client on a separated agreement.

6) This agreement shall be governed by, and construed in accordance with, the laws of Colombia applicable to agreements made and fully to be performed therein by residents thereof. Any controversy or claim arising out of or relating to services covered by this letter or hereafter provided by us for the Company or at its request, shall be submitted first to voluntary mediation, and if mediation is not successful, then to binding arbitration. Judgment on any arbitration award may be entered in any court having jurisdiction in Colombia.

7) Jones Lang LaSalle will keep absolute confidentiality, not disclosing any information on Astellas, especially the terms and conditions of the negotiations to be undertaken during this assignment.