The rumors, now a couple days old, were correct this time. JLL has bought King Sturge for a reported GPB 98m, to be paid out over five years. Christian Ulbrich, JLL’s CEO for EMEA said that strategic and cultural similarities between the companies “makes this a logical and very attractive proposition for both firms.” It’s a huge shake-up of the industry with far-reaching consequences. How will this be handled in CEE? One assumes the way such things are handled everywhere, and along the lines outline the press release:
All 43 King Sturge offices and businesses across Europe, including 24 in the UK, will become part of Jones Lang LaSalle and will operate under the Jones Lang LaSalle brand. Integration of business lines and teams, and the full rebranding of all business activities, will begin immediately.
What’s been written about this deal so far? Click here to read it all.