INTERNATIONAL REAL ESTATE FIRM ACQUIRES ORIGINAL DEVELOPER OF THE GREEN GLOBES™ SUITE OF TOOLS
-- Green Building Initiative™ to Retain Green Globes Development and Distribution Rights in the United States --
Portland, Ore. (July 9, 2008) – International real estate money management and services firm, Jones Lang LaSalle, today announced the acquisition of ECD Energy and Environment Canada, original developer of the Green Globes™ environmental assessment and rating systems for commercial properties and proprietor of the new construction module in Canada.
Jones Lang LaSalle announced the acquisition as part of its strategy to help clients build profitable businesses through environmentally sustainable real estate use, which also includes its recent acquisition of Upstream, the United Kingdom’s leading real estate sustainability services practice. As part of the agreement, the Green Building Initiative™ (GBI) will retain licensing rights to develop and distribute two modules, Green Globes for New Construction and Green Globes for Continual Improvement of Existing Buildings, in the United States. The Building Owners and Managers Association (BOMA) of Canada will retain rights to further develop and distribute the existing buildings module in Canada under the brand name "Go Green Plus."
"This acquisition validates the integrity and benefits of the Green Globes suite of tools, increases the profile of the tools in the marketplace and will hopefully lead to a variety of new opportunities for everyone involved," said Ward Hubbell, president of the GBI. "However, this acquisition will have no impact on GBI operations or our technical and marketing efforts with respect to the Green Globes tools as we will continue to operate as an independent, non-profit organization."
Green Globes Suite of Tools Genesis
ECD Energy and Environment Canada was instrumental in bringing the Building Research Establishment’s Environmental Assessment Method (BREEAM) to Canada in 1996, which was the genesis of the Green Globes assessment and benchmarking tools in use today. First introduced as BREEAM Canada, the tool was developed through the Canadian Standards Association with input from leading construction, design and environmental experts, before being introduced in its current web-based form as Green Globes.
In 2004, the GBI acquired the rights to distribute Green Globes in the United States and has focused on continually refining the system in an open and transparent forum to ensure that it reflects changing opinions and ongoing advances in research and technology. To that end, in 2005, GBI became the first green building organization to be accredited as a standards developer by the American National Standards Institute (ANSI) and began the process of establishing Green Globes as the first American National Standard for commercial green building. The GBI recently completed the ANSI-required public comment period for the proposed standard and hopes to publish the final standard before the end of this year.
For more information about Green Globes or the GBI, visit www.thegbi.org.
ABOUT THE GREEN BUILDING INITIATIVE: The mission of the Green Building Initiative is to accelerate the adoption of building practices that result in energy-efficient, healthier and environmentally sustainable buildings by promoting credible and practical green building approaches. A not-for-profit education initiative, the GBI is supported by a broad cross section of organizations and individuals with an interest in residential and commercial construction. For more information on the Green Building Initiative, please visit www.thegbi.org.
ABOUT JONES LANG LASALLE:(NYSE: JLL) The only real estate money management and services firm named to Forbes magazine's "400 Best Big Companies" for three consecutive years, JLL has approximately 170 offices worldwide and operates in more than 700 cities in over 60 countries. With 2007 revenue of $2.7 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with approximately $49.7 billion of assets under management. For further information, please visit the JLL Web site, www.joneslanglasalle.com.