Here’s the text of JLL’s press release regarding the finalizing of its purchase of King Sturge in Poland. Expect more of same from around the region.
Please be informed that the full Polish purchase by Jones Lang LaSalle of King Sturge was legally ratified on 1 August 2011. The combined business now trades as Jones Lang LaSalle Sp. z o.o. and employs over 150 staff. The former Jones Lang LaSalle office at Saski Crescent on ul. Królewska 16 in Warsaw becomes the headquarters of the enlarged entity, whilst the previous King Sturge office at Deloitte House on Jana Pawła II 19 is now occupied by Jones Lang LaSalle’s international Lease Administration business employing over 70 staff.
We are also pleased to confirm that following the acquisition, Jones Lang LaSalle has an enhanced Property Management department in Poland led by Iwona Laszkiewicz. The team includes 52 professionals and has now over 50 properties (600.000 sq.m.) across all asset classes under management, providing services to 21 clients in Poland.
Additionally the purchase created an opportunity to launch a new service line – Asset & Financial Management. A business of 6 people led by Jason Sharman will work with landlords, developers, banks and the public sector in increasing the performance of assets and property portfolios.
Following the take-over, the overall staffing at the core business of Jones Lang LaSalle grew from 100 to around 150 people.
Commenting on the new company structure, John Duckworth, Jones Lang LaSalle’s Managing Director in Poland & CEE/SEE said: “The 1st of August 2011 marks the beginning of a new chapter in the firm’s history in Poland. The physical integration of offices and migration of staff is now complete, and Jones Lang LaSalle is now better positioned to respond to our client needs.”