- Internet and media services company, GOLO Mobile (TSXV:GOLO) is partnering with real estate services firm, JLL Canada
- GOLO Mobile will receive JLL’s support to create partnerships with office and residential developers
- JLL Canada will initially assist GOLO to expand its service offerings in highly populated areas, including Toronto and Montreal
- The partnership may eventually introduce GOLO’s services to markets outside Canada, such as the US
- GOLO Mobile (GOLO) is down 1.56 per cent and is currently trading at C$0.32 per share
Internet and media services company, GOLO Mobile (TSXV:GOLO) is partnering with real estate services firm, JLL Canada.
JLL Canada is one of the largest commercial real estate and investment management firms in the country. Through this collaboration, JLL will provide GOLO with support in fostering relationships with office and residential developers.
The end result will hopefully be the expansion of GOLO’s service offerings to high-population density areas.
Initially, the GOLO-JLL Canada partnership will start in Toronto and Montreal. These are two densely populated areas in which GOLO has already established its operations.
By streamlining its existing services and adding resources, GOLO expects to achieve economies of scale.
Eventually, the partnership with JLL may eventually introduce GOLO’s services to new markets across Canada. There is also potential to introduce GOLO to new jurisdictions outside of Canada, such as the United States.
GOLO’s President and CEO, Peter Mazoff, expressed the company’s excitement at being selected by JLL Canada.
“Property managers are increasingly looking for an end-to-end solution for their tenants to help them navigate the COVID-19 pandemic. We believe GOLO is part of that solution.
“We have always had a focus on providing solutions to property managers that help them maintain a safe and secure environment, while offering valued services to tenants. This focus has served us well, especially in the current circumstances,” he said.
JLL Canada’s Senior Vice President of Retail, Manon Larose, also commented on the partnership.
“We are very proud to partner with GOLO, a company that has very quickly established itself as a reliable service provider. We trust that GOLO’s partners across Canada will reap the benefits,” she said.
GOLO Mobile (GOLO) is down 1.56 per cent and is trading at $0.32 per share at 11:07am EDT.