July 2020
Bogotá, Colombia
Real Estate
Service Proposal
Tenant Representation
Renewal Assignment
JLL
Scope of Services
Experience
Our Team
Compensation Structure
About us
Global presence
Awards
Transactions
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
92.000
R.E Professionals
102+
JLL employees
Full Service Office
Bogota
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

Consulting
Project Structuring and feasibilities

Market Studies

Portfolio Valuation
Asset Management

Agency Leasing

Lease Administration

Brokerage
Stabilized assets

Projects

Land apt for greenfield or brownfield developments
Requirement
Competitive Renewal
Non-Competitive Renewal
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
Competitive Renewal
Evaluate /
Validate Requirement
1 week
Identify & Analyze
Alternatives
3 weeks
Commercial
Negotiations
3 – 4 weeks*
Legal Negotiation
Closure
4 – 6 weeks*
01
1. Understanding of the requirement.

2. Advise on local market standards and practices.

3. Provide overview of the current market conditions.
02
03
04
1. Survey of options "Initial Options Report".

2. Conduct site visits to the potential sites for relocation.

3. Selection of key sites / shortlist.
1. Preparation and submission of non binding Letter of Intent – LOIs

2. Negotiate 2-3 final prospects in parallel.

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

4. Issue required counter offers and conduct required negotiations to secure best possible final terms.

5. Finalize negotiations with current Landlord to renew the lease instead of relocating and arrange execution of LOI, if required.
1. Request initial lease/amendment draft to the Landlord.

2. Review lease draft provided 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.
* Times may change according to internal approval process
Non-Competitive Renewal
Evaluate
Requirement
1 week
Identify & Analyze
Comparables
1 weeks
Commercial
Negotiations
3 – 4 weeks*
Legal Negotiation
Closure
4 – 6 weeks*
01
1. Understanding of the requirement.

2. Advise on local market standards and practices.

3. Provide overview of the current market conditions.
02
03
04
1. Provide a report on existing real estate market alternatives that are considered comparable.

2. Analyze current property conditions with the comparable properties.

3. Define commercial strategy for negotiation.
1. Develop lease renewal non-binding LOI.

2. Issue LOI to current Landlord.

3. Follow up with current Landlord to secure delivery of responses.

4. Issue required counter offers to current Landlord and conduct required negotiations to secure best possible final terms.

5. Finalize negotiations with current Landlord and arrange execution of LOI, if required.
1. Request initial lease/amendment drafts to the Landlord.

2. Review lease draft provided 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.
* Times may change according to internal approval process
Our Experience
Our Experts: Tenant Representation
Jean-Baptiste Wettling
Director
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
Consultant
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
As per market practice, for renewal assignments tenant is responsible for the payment of broker fees as follows:
Competitive Renewal: 2 months net rent

Noncompetitive renewal: 1-month net rent.
All fees are subject to local VAT (19%). / Fees are subject to a minimum fee of USD 10,000
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 the Client, especially the terms and conditions of the negotiations to be undertaken during this assignment.